International. Startups developing synthetic biology technologies to convert biomass and other non-oil feedstocks into chemicals and materials need, on average, 7.4 years to launch a product, according to an analysis by Lux Research.
Using this data to project the current crop output of young synthetic biology companies suggests that most are likely to launch the first products between 2017 and 2022, with a peak occurring between 2019 and 2020.
"While each company's approach is unique, the lessons learned from the first wave of bio-based chemicals and materials and product launches provide valuable insights and lessons," said Julia Allen, an analyst at Lux Research and lead author of the report titled, "Synthetic Biology: Applications and Lessons Learned in the Field of Bio-Based Chemicals and Materials."
