In Belgium, Belgian biosurfactants developer AmphiStar has been awarded €12.5m in funding following the European Innovation Council’s (EIC) latest evaluation round. The award follows a highly competitive multi-stage application and interview process, which saw EIC consider nearly 1000 proposals from European startups, and recognises the strong technological proposition and business model AmphiStar has developed over several years.
The blended funding takes the form of a €2.5m grant and a €10m equity investment. AmphiStar is one of only 40 selected beneficiaries sharing nearly €230m in support, all recognised for their transformative technologies with strong commercial potential. The funding will enable AmphiStar to speed up the production of sustainable microbial biosurfactants, upcycled from a bio-based waste feedstock, and ultimately bring them to market.
The new funding follows €12m previously raised through CBE-JU projects (Waste2Func, SurfsUP), regional grants (VLAIO) and the early and disruptive support of the German SPRIN-D and Ghent based Biotope in addition to a pre-series A funding round closed in 2024 by three experienced VC funds (ECBF, Qbic, PMV).
Tags: AmphiStar, Belgium, EIC
Category: Fuels
