BioBond continues to grow its IP portfolio to commercialize sustainable adhesives solutions for packaging applications
BioBond Adhesives, Inc. (“BioBond” or the “Company”), has executed a license agreement with the Purdue Innovates Office of Technology Commercialization (Purdue OTC) at Purdue University to advance technologies with the potential to usher in a new era with biodegradable adhesives alternatives for packaging used in the consumer products industry. BioBond is the second portfolio company launched by Big Idea Ventures’ Generation Food Rural Partners I, LP (GFRP) Fund.
BioBond is licensing multiple patent applications in the novel biomaterials space from Purdue OTC. Marc McConnaughey, CEO of BioBond stated, “Petroleum-based adhesives are a major source of VOCs and microplastics and are in need of innovative solutions which reduce our day-to-day exposure and decompose quickly. I am pleased and excited to partner with Purdue in bringing these needed technologies to the market.”
“BioBond’s ability to create novel, biobased adhesives and coatings that remove fossil fuel based components will be accelerated by licensing materials technology generated from innovative professors at Purdue University,” stated Frank Klemens, Managing Director of the GFRP Fund. “This close relationship is possible due to our decision to locate BioBond in a rural area near Purdue University. Being in close proximity to the Indiana Corn and Soybean associations also enables BioBond to source and produce products efficiently resulting in a product that is at cost parity or better. The Fund looks forward to a long, fruitful relationship with Purdue’s team of professional innovators and Indiana’s ecosystem for many years to come.”
“It has been great working with Generation Food Rural Partners Fund. We are excited to work with BioBond in advancing the field of sustainable packaging to help solve some important global challenges associated with adhesives,” said Brooke Beier, Senior Vice President of Purdue Innovates. This license from work within Purdue’s College of Science’s Tarpo Department of Chemistry is further proof that industry and academia can work together to advance technologies to improve people’s lives around the world.
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