A student biotech startup has raised an investment of $10 mn from UAE-based TCN International Commerce L.L.C for its project 'AlgaeSeaweed Technology' under the brand B-lite Cookies. Fostered under the Innovation and Entrepreneurship Development Centre (IEDC) scheme of Kerala Startup Mission (KSUM), the startup's product was showcased at the GITEX 2020 international conference held in Dubai, a KSUM press release said.
Zaara Biotech, which focuses on research in energy and food crisis using micro-algae, got funding for its research and development, production, distribution, and marketing under TCN International Commerce to reach the global arena. The team of Zaara had set up a 'Mushroom Hub' during its first year on the campus before foraying into the entrepreneurial venture. By designing photobioreactors using micro-algae, the biotech startup has taken great leaps in bringing India to the forefront of bioengineering.