StageSeries A | Alive
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Expert Collections containing CuanTec
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
CuanTec is included in 2 Expert Collections, including Packaging & Labeling Tech.
Packaging & Labeling Tech
Companies providing traditional and tech-enabled packaging and labeling solutions for brands.
Startups developing new or improved materials (chemicals, alloys, etc.) that provide physical or functional advantages to basic materials.
Latest CuanTec News
Mar 14, 2023
14 Mar 2023 Paul Funnell, interim head of investment, Scottish Enterprise; Alan Findlay, plant manager, CuanTec Ltd; Dorothy Smith, enterprise and business development manager, Fife Council and Councillor Altany Craik, Fife Council. A proponent of circular economy solutions, CuanTec, plans to make Fife its new centre of manufacturing as the firm opened its new premises in Glenrothes. The ground-breaking biotech firm has the important aim of reducing carbon emissions, plastic pollution, and food waste, whilst contributing to the circular economy. With R&D labs located in Oban, CuanTec is supported by InvestFife in leasing premises at the Food Centre, in Southfield, Glenrothes, which it will use as its new cutting-edge separation plant. These facilities utilise shellfish waste that would otherwise be incinerated to extract chitin, a naturally occurring biopolymer, with a wide range of applications in the pharmaceutical, cosmetics and food industries. CuanTec’s proprietary technology naturally maintains the full chain length of this biopolymer while providing the purest grade chitin available anywhere in the world. CuanTec’s first products include strong, transparent, and flexible bio-based films to replace single-use plastics. Biodegradable, compostable and naturally antimicrobial, these films can not only replace hugely damaging and wasteful single-use plastics, but can also extend the shelf life of fresh foods and produce wrapped within the films, ensuring that they last longer, with no moulding and less food waste. About 20 new “green” jobs are being created through CuanTec’s arrival in Fife - with the business continuing to engage with multiple teams across Economic Development including Business Property, Inward Investment and Business Gateway Fife. CuanTec has also been successful in its submission for the Net Zero Transition Fund. Additionally, it has also received assistance from Scottish Enterprise’s Green Jobs Fund and is actively working with Skills Development Scotland, showcasing the Team Scotland approach to support job creation. Commenting on the move to Fife, Craig Sterling, CEO of CuanTec, said: “We are delighted to be in Glenrothes and see Fife as our future long-term manufacturing base from which every stream of the process can be managed. Thank you to Fife Council Economic Development who have given us invaluable help and support. We highly recommend their team who are driven to bring green jobs to Fife along with the expertise of Economic Development, Business Gateway Fife, and their many teams who will provide more useful engagement for us as we recruit locally as a green employer in Fife.” Mr Sterling added: “I would also like to thank Scottish Enterprise and their significant support for CuanTec.” Welcoming CuanTec to Fife, Councillor Altany Craik, Fife Council Spokesperson – Finance, Economy & Strategic Planning, added: “CuanTec’s arrival is fantastic news for Fife. We very much welcome the creation of green employment opportunities from a vibrant sustainable biotech business which has a product with the potential to change the way the world looks at packaging. “CuanTec tick all the boxes for us in terms of innovation and support of the circular economy. They are to be commended for creating a truly exciting business with global ambition.” Kerry Sharp, director of entrepreneurship and investment at Scottish Enterprise, commented: “CuanTec is an exciting biotech firm that has the potential to make a significant contribution to Scotland’s circular economy. “The company’s innovative approach to reusing shellfish waste in the packaging industry can reduce plastic pollution and cut CO2 pollutions, while creating good, green manufacturing jobs in the process. “Scottish Enterprise has been pleased to support CuanTec’s development through investment and our Green Jobs Call, which aims to aid Scotland’s transition to a greener and fairer economy. We look forward to continuing our partnership with CuanTec to support the company’s growth ambitions.” Share this article:
CuanTec Frequently Asked Questions (FAQ)
When was CuanTec founded?
CuanTec was founded in 2013.
Where is CuanTec's headquarters?
CuanTec's headquarters is located at BioCity, Chapelhall.
What is CuanTec's latest funding round?
CuanTec's latest funding round is Series A.
Who are the investors of CuanTec?
Investors of CuanTec include Scottish Enterprise, Sky Ocean Ventures and JLAB.
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