WJM ACTS FOR CARBOGENICS LTD
5th December 2018
WJM is delighted to have acted for Carbogenics Ltd on its recent spin-out from the University of Edinburgh and its initial funding round.
Carbogenics' innovative process uses pyrolysis to turn paper fibre-rich waste, such as laminated paper, paper crumble, and low-grade recycled cardboard and paper into its CreChar® product. CreChar® can be used an additive in anaerobic digestion to increase the stability and efficiency of biogas production. Research suggests that CreChar® increases the efficiency of a typical Anaerobic Digestion plant by up to 15%, resulting in both significant environmental benefits and significant increases in revenue for operators.
The Company is led by Dr Jan Mumme and Lidia Krzynowek and has already picked up a number of awards, including winning the prestigious Converge Challenge 2018 (https://www.convergechallenge.com/alumni/2018-winners/carbogenics).
A number of private investors have taken shares in the Company along with the University of Edinburgh. Edinburgh Innovations managed the spin-out and technology transfer process on behalf of the University (https://edinburgh-innovations.ed.ac.uk).
Jan Mumme said:
“A fellow entrepreneur recommended WJM to us when we were looking for a law firm for our early-stage company in 2016. For us as first-time entrepreneurs with an academic background it is particularly important that WJM advises us not just on a case by case basis but accompanies us on our whole journey from seed round to exit. The support we received from Ken, Michael and Sarah in our seed investment round and during our spin-out and IP licensing process was excellent.”
Ken Long, who leads WJM’s Technology practice, said:
“It’s always good to be involved in bringing an innovative technology like CreChar® to market, particularly where it has environmental benefits. This is a great example of the circular economy in action: Carbogenics is taking waste streams, such as disposable coffee cups, and turning them into a valuable product that improves the efficiency of renewable energy production and has other useful applications too. We wish Jan, Lidia and the team every success with it!”
More information on Carbogenics and CreChar® can be found at https://www.crechar.com
For information on services and support that WJM can provide to founders, startup companies and spin-out companies, please contact Ken Long at firstname.lastname@example.org
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