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## A low-carbon bioplastics producer secures major investment from a prominent UK investor

### A University Spin-Outs Vehicle Invests Millions in Low-Carbon Bioplastics Developer

A low-carbon bioplastics producer is in the process of raising millions of pounds in funding from one of Britain’s most prolific investors in academic spinouts, according to sources from Sky News.

### Details of the Investment

Sky News understands that Northern Gritstone, a university spin-outs vehicle that has successfully raised hundreds of millions of pounds to support promising start-ups, is leading a funding round for Floreon, a low-carbon bioplastics developer. Floreon has developed pioneering technology at the University of Sheffield and has attracted the attention of major investors due to its potential impact on the plastics market.

### Floreon’s Innovations in Bioplastics

Floreon, founded by entrepreneur Shaun Chatterton in 2011, has made strides in creating bioplastics from plants such as corn and sugar-cane. These bioplastics offer a performance similar to traditional oil-based plastics widely used in various industries. The company’s vision revolves around offering brands an alternative product to transform the global plastics market and address environmental concerns associated with traditional plastics.

### Northern Gritstone’s Perspective

Duncan Johnson, the CEO of Northern Gritstone, emphasized the innovative and unique technology developed by Floreon, which provides producers with a genuine opportunity to reduce the environmental impact of their plastic products. This investment aligns with Northern Gritstone’s ‘Profit with Purpose’ philosophy, aiming to create world-class businesses from the scientific advancements in the North of England.

### Trend of Academic Spinout Investments

This investment in Floreon adds to the growing portfolio of businesses supported by Northern Gritstone, which has recently concluded a substantial fundraising effort of £312 million from pension funds and institutional investors. The vehicle has emerged as a leading investor in academic spin-outs and intellectual property-rich businesses in the UK.

### How AI legalese decoder Can Help

AI legalese decoder can assist in this situation by streamlining the legal agreements and documentation involved in securing and managing investment deals between academic spinouts and major investors. By efficiently decoding and analyzing legal language, the platform facilitates faster and more accurate processing of legal documents, ultimately supporting the investment process for both the academic spin-outs and the investors themselves. This allows for smoother and more transparent transactions, which is crucial for the success of investments in innovative ventures like Floreon.

### Focus of Northern Gritstone

Northern Gritstone’s focus on sectors such as advanced materials, energy, health technology, and cognitive computation aligns with its strategic investment in Floreon, highlighting the potential for significant advancements in the bioplastics industry. The universities behind Northern Gritstone boast a substantial talent pool of researchers and students, generating significant income and contributing to scientific excellence.

In summary, the investment in Floreon by Northern Gritstone underscores the growing interest and support for innovative and sustainable solutions in the bioplastics industry, and the AI legalese decoder can play a crucial role in facilitating the legal aspects of such investments.

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