Dr David McElroy, CEO of Green Bioactives, a Milltrust portfolio company, shares the company’s key achievements for the year 2023-24.
Fundraising:
– £2.6M seed round in Dec. ’22 with Eos (UK), Regenerate (UK) & Milltrust (Singapore).
Innovation & Scale:
– Extended scope of cosmetic ingredients product co-development with UK partner Unilever.
– Patent on GBL-Memory (UK), patent apps on transformation & use of plant stems cells.
– Published Life Cycle Impact Analysis to quantify impacts on energy & GHG emissions.
– Secured space for 2025-26 production expansion to meet accelerated customer demand.
Sales & Marketing:
– Initiated first sales of plant bioactive containing GBL-Memory for improved cognition and secured four territory-specific distributors for this and future B2B products.
– Created sector-focused BD/Sales function in high-value nutra & cosmetic ingredients.
– Chosen to represent Scotland at Climate Week 2023 New York (USA) and COP28 (UAE).
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