Swedish biotech company Ecohelix has received a grant worth €2.2 million (US$2.5 million) from the L’Instrument Financier pour l’Environnement (LIFE) Programme — the EU’s funding instrument for the environment and climate action — to accelerate the market readiness of its product for packaging applications.The grant will support the company’s LIFE Woodmer project. Launched this month, the 36-month initiative will focus on bringing Ecohelix’s patented Woodmer Seal — a bio-based heat seal coating solution — to market. The funding will enable the company to add formulation capabilities to its demonstration production.
