LabCycle raises £430K to commercialise lab plastic recycling system that cuts incineration waste
UK-based startup LabCycle has secured £430K in total funding (£180K from British Design Fund + £250K Innovate UK grant) to commercialise its AutoDecon system, which the company claims is the world's first technology to safely recycle contaminated laboratory plastics into high-grade resources without using high heat or pressure. This addresses the global problem of over 5.5 million tonnes of plastic waste generated annually by research and healthcare laboratories, much of which is currently incinerated.
Key quotes
UK-based startup LabCycle has received £180,000 in funding from the British Design Fund (BDF) to support the development of what it calls the 'world's first' AutoDecon system
The investment is part of a broader funding round, alongside a £250,000 Innovate UK Investment Partnership grant awarded in collaboration with BDF
Each year, more than 5.5 million tonnes of plastic waste are generated by research and healthcare laboratories globally
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