Cambridge University material science start-up, Mimicrete, announces its maiden commercial pilot with JP Concrete to advance the development of its proprietary self-healing concrete, extending the useful life of new infrastructure and construction projects while greatly reducing unnecessary costs and carbon emissions.
鈥淲hen the Cambridge team approached us to collaborate on Mimicrete’s exciting new research, we were delighted to be involved in advancing this technology鈥� says Vignesh Daas, Director at JP Concrete Products.
鈥淭he support from Innovate UK allows Mimicrete to continue developing the research into the vascular system for self-healing and provides a platform for commercialisation鈥� says Dr L铆via Ribeiro De Souza, CTO at Mimicrete and PostDoc Researcher at the University of Cambridge.
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Leveraging work conducted within the University of Cambridge’s Geotechnical and Environmental Research Group, Mimicrete鈥檚 three female founders, along with deep-tech venture builder, Cambridge Future Tech (CFT), developed a unique approach to disrupt the 拢800bn global concrete market, which accounts for up to 8% of annual carbon emissions today. The UK spends 拢51Bn annually on maintaining infrastructure, the most significant use of concrete products.
鈥淲ith innovation like Mimicrete鈥檚 we can help de-carbonise the construction industry by using less concrete, cutting ongoing maintenance expenditures, yearly carbon emissions and reducing the overall environmental impact鈥� says Arta Selmani, CEO at Mimicrete.
With funding from the prestigious InnovateUK Smart Grant scheme and backing from US-based Venture Investors such as Vest Coast Capital and Leonas Capital, Mimicrete is well positioned to deliver against its near-term R&D and commercialisation plans.
鈥淎n InnovateUK grant and US venture investment really helps Mimicrete bring this research to fruition and increase our viability.鈥� says Dr. Liz Zijing Li, COO at Mimicrete and PhD from University of Cambridge.
The company intends to target select markets within the construction and infrastructure sector, where Mimicrete鈥檚 value proposition provides a distinct competitive advantage.
鈥淢imicrete’s technology improves the structural performance of concrete infrastructure and minimises carbon impact鈥� says George Neville-Jones, CFO and Co-Founder at Cambridge Future Tech, a Venture Builder Supporting Mimicrete.
