€750,000 funding for BioAtlantis

KERNEL Capital has invested €750,000 in the Irish-owned BioAtlantis group.

Based in the Kerry Technology Park, Tralee, its processing facility is located in Kanturk, Co Cork. The announcement was made in Cork by Enterprise, Trade and Innovation Minister Batt O’Keeffe.

BioAtlantis is involved in the research, development and manufacture of plant biostimulants and animal prebiotics using molecules derived from seaweeds. This process provides scope for future development of human nutraceuticals, the company said.