Business
AquaInSilico wins grant to commercialise software
AquaInSilico wins grant to commercialise software.
About this update from Frontier Ip Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 8772S\n Frontier IP Group plc\n 14 July 2020\n \n \n \n \n \n RNS Reach\n \n \n \n \n \n AIM: FIPP\n \n \n \n \n \n 14 July 2020 \n \n \n \n \n \n \n \n Frontier IP Group Plc\n \n \n \n \n \n (\"Frontier IP\" or the \"Group\")\n \n \n \n \n \n \n \n \n Portfolio news - new portfolio company AquaInSilico \n \n \n wins grant to commercialise wastewater treatment software\n \n \n \n \n Frontier IP, a specialist in commercialising intellectual property, today announces portfolio company AquaInSilico Lda (the \"Company\") has won a €60,000 EIT RawMaterials grant to further develop its software tools to optimise wastewater treatment. \n \n \n \n \n \n The grant, from the European Union's European Institute of Innovation and Technology, will allow AquaInSilico to build on its collaboration with a leading European environmental, water and waste management group to commercialise its software tools to remove phosphorus from wastewater in a more environmentally friendly and effective way than existing methods. The recovered phosphorus can then be sold for use in fertilisers. \n \n \n \n \n \n Several European countries, including Germany, Switzerland, Sweden and Austria, are introducing stricter regulations that require large treatment plants to recover at least 50 per cent of the phosphorus for use as a biofertilizer. \n \n \n \n \n \n This is causing utilities problems because current methods use expensive and environmentally unfriendly chemicals to bind the phosphorus or biological processes that, although cheaper and more sustainable, do not work properly more than 45 per cent of the time.\n \n \n \n \n \n AquaInSilico's software uses a mathematically-modelled biological approach to improve phosphorus removal, based on understanding and controlling the operating variables that result from biological and chemical processes. As a result, the process reduces the use of chemicals and energy, and the risk of environmental harm from phosphorus leaching into waterways from wastewater sludge. \n \n \n \n \n The Company is a spin out from Portugal's NOVA University, NOVA School of Science and Technology (\"FCT NOVA\") and is the fourth spin out resulting from Frontier IP's ...