What is the BlueInvest Project Pipeline?

See our showcase of innovative projects and entrepreneurs who are shaping the Blue Economy.

Projects consist of innovative, scalable and sustainable business ventures from traditional and emerging sectors of the maritime economy.

The graphs below provide an overview of the country distribution, sector, and TRL of projects currently listed in the BlueInvest Project Pipeline.

 

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Selection Criteria:

Your company is EU-based or from an eligible sea basin region (Georgia, Turkey, Ukraine, Moldova, Montenegro, Albania, Bosnia-Herzegovina, North Macedonia, Serbia, Turkey, Israel, Egypt, Tunisia, Algeria, Morocco, Lebanon, Syria, Libya, Mauritania, United Kingdom, or Norway)

Your project TRL is 4 or higher

Your project sector is in one of the 10 blue economy sectors identified for this initiative

Your solution has a clear sustainable impact on the blue economy

Your project is looking for investment

Project Country

Country in which the project is being developed and / or implemented. 

Project Sector

Main blue economy sector the project relates to.

Project TRL

Current technology readiness level of the project. 

Beta Alg Biotechnology

Microlage based solution for innovative cosmetic and food products

  • Blue biotechnology

Company behind project
Beta Alg Biotechnology

Malta

About Us
Founder and CEO of the company Murat Telli (PhD) is also working as assist prof in Bolu Abant İzzet Baysal Unviversity. He is actively running different microalgae-based projects as PI to develop innovative food and cosmetic products. He has several scientific publications on microalgae and molecular biology. Cofounder Gizem Kaleli (PhD) also working in İzmir Demokrasi University in Turkey and she has several high impact publications on biomedical engineering.


Problem we are solving
Beta ALG Biotechnology is committed to develop microalgae based cosmetic and food product within the concept of circular economy. Antioxidant pigments purified from microalgae have been used as an ingredient for our cosmetic product. Our latest product is astaxanthin loaded nanofiber cosmetic face mask. Astaxanthin is encapsulated the first-time by biodegradable nanofiber materials using electrospinning approaches which is considered as safe and clean tech. Volunteer based clinical cosmetic tests on human subjects showed 80% of positive regenerative effects on skin.

Sustainable Impact on Blue Ecconomy
Antioxidant pigments purified from microalgae have been used as an ingredient for our cosmetic product. Our latest product is astaxanthin loaded nanofiber cosmetic face mask. Astaxanthin is encapsulated the first-time by biodegradable nanofiber materials using electrospinning approaches which is considered as safe and clean tech. Volunteer based clinical cosmetic tests on human subjects showed 80% of positive regenerative effects on skin.

TRL
  • TRL 7 - System prototype demonstration in a relevant environment

  • Readiness Assistance Beneficiary


Financial Needs1 000 000 euro

Planned Funding Allocation
  • Operations
  • To hire more resources