On the evening of 31 October, the Latvian Institute of Organic Synthesis (LIOS) hosted an experience-sharing event at the Startup House Riga, aimed at exploring how chemists can translate their discoveries into viable business projects.
The evening was inaugurated by Dr. chem. Stefano Donadio, an Italian chemist and founder of the biotechnology company NAICONS SRL. With over 10 years of experience, the company has carved out a niche in the market by discovering natural substances that serve as new antibiotics and other medicines, as well as ingredients for cosmetics and agriculture.
Dr. chem. Donadio shared his success stories with the audience, discussing how he managed to attract investments and how entrepreneurs, including large pharmaceutical companies, are looking to collaborate with scientists on projects aimed at converting their research into products that benefit society.
Following Dr. chem. Donadio’s inspiring talk, the discussion shifted towards innovative entrepreneurial ventures emerging from scientific research. Entrepreneur Oskars Gūtmanis and LIOS scientist Kaspars Leduskrasts founded the company OLEC Technology, which aims to revolutionise the lighting industry by replacing toxic LED bulbs with sustainable, eco-friendly alternatives. The creators of this new lighting technology anticipate that it will take approximately two years to develop a clearly defined market product based on their current achievements and research.
Throughout the evening, LIOS scientists Dr. chem. Antons Sizovs, Dr. chem. Dace Rasiņa, and PhD student Shapla Bhattacharya presented their long-term research projects that could significantly benefit society if brought to fruition.
Topics included a promising new solution for creating artificial blood, a medication that effectively treats malaria and is applicable in cases of infection, as well as research into modelling natural molecules to achieve, for example, the natural “digestion” of plastic waste.
The event drew over 30 enthusiastic participants who actively engaged with the scientists, fostering a dynamic atmosphere for discussion and the exchange of experiences throughout the evening. This event not only highlighted the significant role of scientific research in driving innovation but also underscored the importance of collaboration between scientists and entrepreneurs in addressing societal challenges.
The event was organised as part of the project “Natural Products Research at the Latvian Institute of Organic Synthesis as a Driver for Excellence in Innovation” (Natalion). The project is funded by the European Union’s Horizon Europe programme under the sub-programme “Widening Participation and Spreading Excellence” in accordance with contract No. 101087181.
Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union. Neither the European Union nor the granting authority can be held responsible for them.
Photo: LIOS.