LabCycle secures £430K to commercialise lab plastic recycling sy…

Reports from Tech.eu indicate that deeptech LabCycle secures £430K to commercialise lab plastic recycling system and cut incineration waste LabCycle is developing AutoDecon technology to recycle contaminated laboratory plastics into high-grade materials, helping laboratories reduce emissions and move towards a circular economy. Deeptech LabCycle secures £430K to commercialise lab plastic recycling system and cut incineration waste LabCycle is developing AutoDecon technology to recycle contaminated laboratory plastics into high-grade materials, helping laboratories reduce emissions and move towards a circular economy.Cate Lawrence 52 minutes ago Share Facebook Twitter Linkedin Share Send email Copy link UK-based startup LabCycle has received £180,000 in funding from the British Design Fund (BDF) to support the development of what it calls the ‘world’s first’ AutoDecon system, designed to safely recycle contaminated laboratory plastics into high‑grade resources without high heat or pressure.    The investment is part of a broader funding round, alongside a £250,000 Innovate UK Investment Partnership grant awarded in collaboration with BDF.  Each year, more than 5.5 million tonnes of plastic waste are generated by research and healthcare laboratories globally, with the majority incinerated.Key players involved: Goldman Sachs Asset Management, Partners Group This development has significant implications for the industry, potentially influencing competitive dynamics, investment patterns, and strategic priorities across the sector.   As regulatory and institutional pressure mounts to meet net‑zero targets, laboratories are being asked to reduce their environmental impact without compromising safety, performance or cost — a challenge existing waste systems were never designed to meet. Market ImplicationsForward-Looking IndicatorsContinued consolidation expected in the sectorIncreasing focus on digital transformation and innovationGrowing importance of ESG considerations Expert Commentary Looking AheadFor complete details on this development, refer to the original report from Tech.eu. Frequently Asked Questions