BSF Enterprise has now won £38,000 in grant funding from the Government agency Innovate UK to begin its project with the University of Northampton. The project will use 3DBT's bio-equivalent dermal tissue, combined with the University of Northampton's leather manufacturing knowledge, for the development of ethical and sustainable leather. The project will look to use 3DBT dermal tissue as a replacement for animal skin and hide, developing processes to transform this innovative raw material into a premium material, suitable for leather-based footwear, apparel, handbags, furniture, fashion, automotive and accessories.

3DBT cultivates skin tissue using its patented City-Mix ? supplement, a booster for the media in which cells are grown, that provides numerous advantages over traditional cellular agriculture media. These include higher production yields; the need for fewer expensive supplements; and the elimination of animal-derived serum, such that no animals suffer in the production process.

Therefore, the leather skin samples are 100% animal tissue. BSF Enterprise continues to progress and achieve its strategic objectives laid out at the beginning of the year. The Company is sufficiently funded for all near-term activity and has no current plans for a fundraise.

Any additional funding may be achieved at a subsidiary level to prevent the dilution of shareholders.