Algae yarn maker AlgiKnit launches innovation hub in North Carolina

0

AlgiKnit creates threads derived from kelp and can be used to create shoes, accessories and clothing. The company has opened an innovation hub in the Research Triangle region of North Carolina, which will house the R&D, manufacturing and business development teams. Image: AlgiKnit

Startup based in New York AlgiKnit announced the opening of its innovation hub in the Research Triangle region of North Carolina.

Founded in 2017, AlgiKnit creates environmentally friendly yarns from kelp, and the company has developed new technology to produce yarns on a commercial scale that can be used to create shoes, accessories and clothing.

In March 2021, the company announced that it had raised $ 2.4 million from investors. The investment was intended to help continue the commercialization of AlgiKnit’s kelp yarns. The company was also named a finalist in the Microfiber Innovation Challenge, organized by Conservation laboratories X, a technology and innovation hub based in Washington, DC

“We know consumers need more economical and environmentally friendly material options that perform as well as conventional materials,” said Aaron Nesser, co-founder and CTO of AlgiKnit. “The yarn we produce today has the look and feel of natural fibers with which consumers are familiar, as well as all the ingredients of an uncompromising material.

AlgiKnit’s new facility will house the company’s research and development, manufacturing and business development teams. The Research Triangle area has a history of textile manufacturing and has become a hub for technology companies.

“North Carolina’s Research Triangle is emerging as a hub for major technology and life sciences, and we look forward to collaborating with other companies focused on scientific innovation and disruption,” said Aleksandra Gosiewski, co-founder and COO of AlgiKnit. “We are also delighted to have the opportunity to tap into the deep and diverse pool of talent and knowledge in the field to strengthen our science and engineering divisions. “


Source link

Share.

About Author

Comments are closed.