East Lansing-based biotech company, Working Bugs, received a $2 million grant from the state’s Strategic Fund Board to continue developing new chemicals by using the fermentation process.
“It’s really supposed to give you a boost on building up your business,” says Working Bugs President Dianne Holman. “We have so many ideas that we want to start putting into play and this will really help us get going faster.”
Working Bugs specializes in using the fermentation process to create the chemicals that larger companies, manufacturers and the government purchase and use to create new bio-based products.
As Working Bugs continues to grow, space becomes an issue. Holman envisions Working Bugs’ current East Lansing location as the company’s future main office, but anticipates that they’ll need to acquire a new production facility.
“We’re really bursting at the seams here,” she says.
The $2 million is part of $16 million the Strategic Fund Board distributed to several Michigan-based alternative energy companies and universities to encourage alternative energy development.
To learn more about Holman and Working Bugs, click here.
Source: Dianne Holman, Working Bugs
Ivy Hughes, development news editor, can be reached here.
All Photographs © Dave Trumpie
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