Aurea Biolabs (P) Limited and Budding Innovations Pte. Ltd. (BI) announced today the start of a collaborative program that will enable product innovations, based on sustainably sourced Bioactive ingredients. Building from Aurea Biolab’s Nutraceutical expertise, BI will channel these critical capabilities in this space, towards developing innovative Health and Wellness products. Leveraging Aurea Biolabs capabilities to isolate, extract, characterize and formulate Bioactives from traceable sources, BI will be able to drive value for its clients, who seek to tap into upcoming Bioactive ingredient trends. This collaboration will also add key opportunities to deliver higher bio-availability for complex natural ingredients, which still remains a key challenge for many natural active ingredients today.
“Budding Innovations is addressing a raising market demand for sustainably sourced products, that harness the goodness from nature,” said Dr. Bert Grobben, CEO of Budding Innovations. “We have active programs in place with a demand for nutraceuticals in several industry sectors. This partnership with Aurea Biolabs will enable us to design and develop meaningful functional product innovations. Their approach towards sustainable sourcing of materials also enables for repurposing of agricultural by-products, and deliver incremental socio-economic impact among the local farmer community.”
The global nutraceutical market is set to grow to a $285B USD opportunity by 2021 at CAGR of 7.5%. Lifestyle changes, and ecological demands will continue to challenge the market to deliver meaningful product and sourcing innovations. Aurea Biolabs and BI aim to tap into this market potential and deliver a growing number of value added nutraceutical based products.
Aurea Bioloab (P) Limited (http://www.aureabiolabs.com) is focused on nutraceutical product development, extraction, isolation and formulation of bio-active ingredients. Backed by sustainable and traceable raw material sourcing with a long history of partnership with growers, Aurea Biolabs has a strong pipeline of nutraceutical application driven products in various phases of R&D. It has diverse development capabilities in the Health & Wellness domain, and operates state of the art research facilities to deliver science based and clinically proven nutraceuticals.
Budding Innovations Pte. Ltd. (BI) (www.buddinginnovations.com) is a Singapore based Technology Solutions Provider and Venture Builder. BI works with its clients to transform problem statements into in-market executions. We provide technology and organizational leadership, and integrate a wide industry range of capabilities in what we build. BI’s Nebula™ Open Innovator program develops individual’s (corporate) entrepreneur skills, while Polaris™ deploys interim Executive Management resources to a start-up, in order to grow it to the next fundable stage(s). With Corporate clients, we work to close the maturity gap between new innovations and the needs of the Brand, and own the executional role in the end-to-end product commercialization. Headquartered in Singapore, BI engages in an active local entrepreneurial and start-up ecosystem. Through talent development and growth of young entrepreneurs’ skillset, BI contributes towards building a vibrant innovation scene in Singapore.