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Biennial Report 2011–2012

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Start-ups<br />

UAB Baltymas is a small Lithuanian start-up biotechnology<br />

company. Founded in 2011 by young scientists of the Institute<br />

of Biotechnology (Vilnius) it combines scientific experience<br />

and knowledge for generation of novel biotechnology products.<br />

The company develops yeast expression systems and employs<br />

them for synthesis of native recombinant proteins. UAB<br />

Baltymas can offer customers yeast-expressed viral nucleocapsid<br />

proteins for use in diagnostics of viral infection. It can also<br />

propose recombinant human cell proteins both for fundamental<br />

and applied research and for biopharmaceutical purposes.<br />

It is also open for synthesis of various recombinant proteins<br />

in yeast on a contract basis. For more information please visit<br />

company website at www.baltymas.lt and contact by e-mail:<br />

info@baltymas.lt<br />

UAB “BALTYMAS”<br />

Laisvės ave. 53A-1, LT-07191, Vilnius, Lithuania<br />

e-mail: info@baltymas.lt<br />

www.baltymas.lt<br />

“IMD Technologies” is a start-up company, established in<br />

2012 under the High Technology Development programme<br />

in Lithuania for 2011-2013 “R&D Commercialization” project<br />

which was funded by Agency of Science, Innovation and<br />

Technology (MITA). The company is based on the premises of<br />

Vilnius University Institute of Biotechnology.<br />

“IMD technologies” is R&D performing SME with the goal<br />

to fulfill industrial need to replace the conventional (chemical)<br />

methodologies with green alternatives by offering designed enzymatic<br />

and/or green technologies.<br />

“IMD Technologies“ performing R&D and produces biopolyols,<br />

which are used for production of polyurethane foam.<br />

Current polyols which are used in industry are petroleumbased<br />

products. “IMD Technologies” proposes biopolyols<br />

made from vegetable oils. These biopolyols have much better<br />

characteristics (natural, not toxic, anti-allergic, biodegradable)<br />

compared with chemical polyols including reduction of polyurethane<br />

fire potential to “green” biopolyol basis.<br />

Also, “IMD Technologies“ produces epoxidized oil, which can<br />

be used as natural plasticizer instead of chemical plasticizers in<br />

such industries as: cosmetics, PVC production, toys manufacturing,<br />

dyeing and polishing products manufacturing and etc.<br />

Epoxidized oil can change phthalates, which are toxic and dangerous<br />

for health and soon will be forbidden in EU to be used<br />

as plasticizers. Moreover, epoxidized oil can be used instead of<br />

any other plasticizers.<br />

Furthermore, “IMD Technologies“ is developing biocatalysts<br />

with novel activities by the three most common ways: screening<br />

for enzymes (environmental samples, enzyme and strain<br />

collections, metagenomic and expression databases), development<br />

of biocatalyst (gene engineering, development of analytical<br />

systems) and application of biocatalyst (immobilization,<br />

recycling, proof of principal, activity/selectivity, stability, reaction<br />

media). Company can also carry out and develop various<br />

microbiological and chemical analytical methods.<br />

Company has a professional and experienced team, which has<br />

a long term experience in biotechnology field, including participation<br />

in various international and national R&D projects<br />

(FW7, Eureka and etc.).<br />

UAB “IMD Technologies”<br />

V.A. Graičiūno str. 8, LT-02241 Vilnius, Lithuania<br />

e-mail: imd@imd.lt, phone:+370 606 11496<br />

www.imd.lt

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