It was a germ of an idea two years ago when two female Hungarian scientists created a biosolution of plastic-eating bacteria that could be efficiently scaled for industrial use without producing any harmful effects. Seeking to take their research from lab to market, the pair co-founded and bootstrapped biotech startup Poliloop in 2019. A year on, they’re closing $2m worth of seed funding from Hungarian VC Vespucci.Poliloop’s mission is to mitigate plastic pollution by offering an organic method of recycling the waste using harmless plastic-eating bacteria, with the byproduct going back in...
A plastic bottle turned into organic waste in less than 50 days by Poliloop's plastic-eating bacteria ©Poliloop
Hungarian biotech Poliloop is closing $2m seed funding for “bacteria cocktail” that breaks down plastic into organic waste quickly, enabling more affordable and eco-friendly waste management
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