Business
Lab-Grown Leather Update and Innovation Award Win
Lab-Grown Leather Update and Innovation Award Win.
About this update from Bsf Enterprise Plc
[{"type":"text","content":"\n\n \n15 May 2023\nBSF Enterprise PLC\n(\"BSF\" or the \"Company\")\n \nLab-Grown Leather Update\nand\nInnovation Award Win\n \nLab-Grown Leather\nBSF (LSE: BSFA), a company focused on unlocking the next generation of biotech solutions and the development of lab-grown tissues, provides an update from its 100% owned subsidiary, 3D Bio-Tissues Ltd (\"3DBT\"), on progress with its development of Lab-Grown Leather products.\n \nFollowing the successful expansion of its laboratory and incubator capacity, 3DBT has bio-engineered samples of animal skin tissue, measuring up to 10 by 10 cm in size and between 0.5 mm to 1 mm in thickness. The production of tissues with such thickness represents an important milestone in the industry and the progress being made is testament to the accumulative knowledge being secured by the team as it successfully advances its tissue engineering activities. Various properties of the samples will be analysed to evaluate their potential as a substitute starting material for traditional leather products. The global leather goods market was valued at £$253 billion in 2023 and is expected to grow to $405 billion by 2030, a CAGR of 6.6%*.\n \n3DBT cultivates these tissues using 3DBT's patented City-MixTM supplement, a culture media booster that provides numerous advantages over traditional media used in cellular agriculture. These include higher production yields; the need for fewer expensive supplements and the elimination of animal-derived serum, such that no animals suffer in the production process. Additionally, City-MixTM removes the need for conventional plant-based scaffolds, blends and fillers, as have been universally adopted by the industry to date to ensure structural integrity of cultivated tissue products. Therefore, similarly to the meat previously produced, the skin samples are 100% animal tissue.\n \nBSF has engaged with a number of companies within the leather industry in the UK and abroad regarding potential Proof of Concept (PoC) engagements to establish the suitability of the skin product as a sustainable, ethical alternative to traditional leather goods. Once established, BSF will seek to develop plans to scale-up production of 3DBT animal skin products.\n \nInnovation Award Win\n3DBT was voted 'University Spinout of the Year' at the North East Innovation ...