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Danish biotech company receives 4,4 million EUR from EU
A spinout biotech company from DTU has received two grants from the EU’s “Horizon 2020” program worth 4,4 million euros. These grants will help to accelerate the development of the company’s products and allow a faster launch on the market.
The Danish biotech company Cysbio which focuses on producing sustainable biochemicals at a competitive cost, has ambitious plans for their technology. And at the beginning of 2021, they have already achieved more than many startup companies can only dream of. The company was established in 2019 as a spinout from The Novo Nordisk Foundation Center for Biosustainability, DTU (Technical University of Denmark), and already by 2022, they are ready to launch products in Europe and other countries.