BioBond Adhesives, Inc. (“BioBond”), a portfolio company of Big Idea Venture’s Generation Food Rural Partners I, LP (“GFRP”) Fund, today announces the opening of its headquarters and development laboratories in Lafayette, Indiana. This strategic location will enable BioBond to accelerate the commercialization of its plant-based, biodegradable adhesive and coating alternatives, targeting a wide range of industries including packaging, construction, electronics, furniture, apparel, marine, and aerospace.

BioBond’s mission aligns with the GFRP Fund’s focus on driving innovation and economic growth in rural areas. The fund collaborates with universities across the U.S. to commercialize intellectual property in food, protein, and agriculture.

“We have received tremendous support from the Indiana Economic Development Corporation, AgriNovus, USDA Rural Development, Greater Lafayette Commerce, and Beck’s in finding a suitable USDA-qualified site located just south of Lafayette,” said Marc McConnaughey, CEO of BioBond. “Indiana is a welcoming environment for startups, and our proximity to Purdue University offers a rich ecosystem for collaboration and growth.”

BioBond is poised to launch four plant-based adhesive and coating products in Q4 2024, a remarkable achievement in less than a year since its inception. “Petro-based adhesives and coatings are a major source of VOCs and microplastics,” stated Frank Klemens, Managing Director of the GFRP Fund. “BioBond’s innovative solutions will reduce our daily exposure to these harmful substances and contribute to a healthier environment.”

Tom Mastrobuoni, Chief Investment Officer for GFRP, added, “Indiana has embraced our investment, and the support from AgriNovus and Beck’s has been instrumental in accelerating BioBond’s technology towards commercialization.”