Investment Climate Podcast: Lewis Dunnigan of Bygen, How to Get Funded in 2024

In the Investment Climate Podcast series, host Alex Shandrovsky interviews investors and successful climate tech CEOs to uncover the benchmarks for funding alternative proteins in 2024. In a recent episode, Lewis Dunnigan, Co-Founder & CEO of Bygen, discusses their unique technology, 'low-temperature activation' (LTA), enabling sustainable and high-quality activated carbon production. Dunnigan emphasizes the importance of strategic considerations, operational transparency, and aligning interests between founders, investors, and partner organizations to gain investor trust and long-term success.

Bygen has raised $2.5 million, led by Australian climate tech investors, to support its goal of enabling low-cost and sustainable activated carbon production. The company's focus on licensing technology, signing up offtake agreements before production, and navigating IP rights out of the university has proven to be successful strategies for growth and attracting investors.