University startup in final three for global environmental prize

MiAlgae, which started at the University of Edinburgh in 2016, farms its own algae to produce Omega 3 - an essential mineral for human and animal health - that is naturally accumulated by the likes of sardines and anchovies.

Alternative algae

Global demand for the nutrient is rising but the current rate of fish harvesting is unsustainable, threatening the ecosystems that support them, experts say.

MiAlgae has therefore employed a very Scottish solution for a global problem.

The company uses highly nutritious waste from the production of whisky to grow algae in specially designed fermenting vessels. The organisms boost the supply of Omega 3 with the aim of eliminating the reliance on wild fish for the nutrient.

Global prize

The Earthshot Prize, which is presided over by His Royal Highness The Prince of Wales, searches the globe for game-changing solutions that will help repair the planet.

Just five of those ideas are picked as winners each year and are given a grant of £1 million to continue their work.

Founder Douglas Martin created the startup at the University of Edinburgh while studying for his Masters in synthetic biology and biotechnology. He says he was determined to have an idea that “had a good heart”.

University backing

In establishing the firm, Douglas and his team received commercialisation support, funding opportunities and mentorship from across the University.

Old College Capital, the University of Edinburgh's in-house venture investment fund, first backed the company at the pre-seed stages. OCC has since actively supported the company at board level and with further investment, now totalling £1.5 million.

Throughout this period, MiAlgae has stayed close to the University, supporting students by sponsoring PhDs, recruiting staff and delivering talks.