MiAlgae beat five other national finalists to take home the top national prize, winning a total of £30,000 and a programme of business development support from Shell. Bureau Plus Offices Available The equity-free funding will help MiAlgae to develop its product which uses by-products of the whisky industry to grow micro-algae which can be used to sustainably farm fish.
Being named as the Shell LiveWIRE Young Entrepreneur of the Year is such an exciting moment for MiAlgae. The £30,000 will allow us to further develop our technology and reach our goal of getting MiAlgae to commercial scale.Douglas Martin, Managing Director and Founder, MiAlgae
This reduces the environmental impact of the distilleries while simultaneously producing valuable nutrients for the at affordable prices. Shell LiveWIRE supports young entrepreneurs with innovative, smart and sustainable business ideas that meet the ever-increasing energy and resource needs of a fast-growing population.
Shell LiveWIRE has been running in the UK since 1982 and in that time has awarded 5,145 monetary awards and provided £5 million of funding.
Together the Shell LiveWIRE and Shell Springboard programmes enable Shell to support the most promising low-carbon and sustainability technologies which have the potential to play an important part in the transition to a lower-carbon world.
Sinead Lynch, Chair of Shell UK, comments after the awards, held at the Royal Academy of Engineering: “MiAlgae is one of Britain’s brightest, most promising innovations to support a more sustainable, low-carbon world...”