BioBond Continues to Grow Its IP Portfolio to Commercialize Sustainable Adhesives and Coating Solutions

BioBond Adhesives, Inc. (“BioBond” or the “Company”), the second portfolio company launched by Big Idea Ventures’ Generation Food Rural Partners I, LP (GFRP) Fund, has
executed a license agreement with the Purdue Innovates Office of Technology Commercialization (OTC) to advance certain technologies that have the potential to enable the Company to pursue its goal to usher in a new era with biodegradable adhesives and coatings alternatives for packaging of all types used in the consumer products industry.

BioBond is licensing multiple patent applications in the novel biomaterials space from the OTC, one of the most comprehensive technology transfer programs among leading research universities in the U.S. Marc McConnaughey, CEO of BioBond, stated, “Petroleum-based adhesives and coatings are a major source of VOCs and microplastics and are in need of innovative solutions which reduce our day-to-day exposure. I am pleased and excited to partner with Purdue in bringing these needed technologies to the market.”

“Working with truly innovative professors and inventors allows GFRP to create new companies in the difficult areas of agriculture, materials and food. In addition to supporting the commercialization of IP, the Fund places these new companies in rural America, creating living-wage jobs in underrepresented regions,” said Frank Klemens, managing director of the GFRP Fund. “Many of these professors are at Purdue and locating BioBond in a rural area in Indiana near the university was a win-win for the GFRP fund and for rural America. GFRP looks forward to a long, fruitful relationship with Purdue’s team of professional innovators for many years to come.”

“It has been great working with the Generation Food Rural Partners Fund. We are excited to work with BioBond in advancing the field of sustainable packaging to help solve some important global challenges,” said Brooke Beier, senior vice president of Purdue Innovates. “This license is further proof that industry and academia can work together to advance technologies to improve people’s lives around the world.”