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BioCity Glasgow based company, MiAlgae, is shortlisted for ‘New Business of the Year’ at Scottish SME Business Awards

BioCity Glasgow based company, MiAlgae, is shortlisted for ‘New Business of the Year’ at Scottish SME Business Awards

The finalists for this year’s Scottish SME Business Awards have been announced after nominations surged in from across Scotland.

The awards not only provide a platform and an opportunity to recognise and reward the talented individuals and organisations from the SME industry but also provide a source of inspiration for future entrepreneurs.

Hundreds of people are expected to gather at the lavish, black-tie awards ceremony which is due to take place on the 28th of March at Glasgow’s luxury Crowne Plaza hotel. The night will include a drinks reception, a four-course meal and entertainment as well as the awards ceremony itself which will feature accomplishments ranging from Retail Business of the Year to Young Achiever of the Year.

Irfan Younis, CEO of organisers Creative Oceanic said: “SME businesses are the backbone of Scotland’s economy and we feel that it is important that we recognise the drive and commitment of the individuals and organisations who are working against the market odds to make the industry a success.”

The glamorous evening will also help to raise funds for charity partner, Well Foundation which provides experiences to children and young people facing life-threatening conditions.

BioCity Glasgow based company, MiAlgae, has been shortlisted for the ‘New Business of the Year’ award. MiAlgae is a new-age microalgal production company that aims to revolutionize the £340 billion global livestock feed industry by producing microalgal products – through the remediation of wastewater – as nutrient supplements for fishmeal in livestock feeds.

Their microalgal products are high in omegas and proteins, both of which are required for the production of many livestock feeds, especially in the aquaculture sector. Their production methodology uses circular economy to reduce the operating costs involved in the production of microalgae and as such allows them to compete with other supplements currently on the market. It is their mission to produce low cost microalgal products for the livestock feed market while embracing the concept of circular economy as much as possible.