Mikota Ltd, a new Wales-based biotechnology and medical device company, will launch its two key products at the Medica trade show in Düsseldorf next month.
It will also be giving away $500,000-worth of promotional products to researchers and companies interested in their use or development.
Based in Pembroke Dock, Mikota is harvesting slipper limpets from the Welsh coast and extracting their blood and purifying out hemocyanin for use as a protein adjuvant for the anti-cancer and immunology markets.
The company is also extracting collagen from the limpets, making a range of products including solubilised, powder, sponge and fibrillar collagen.
These collagen products can be used in a wide range of applications and medical devices, with uses including breast, bone and nerve reconstruction.
While hemocyanin has been extracted from other marine creatures, this is the first time that slipper limpets have been used in this way.
Harvesting the limpets also has environmental benefits. If slipper limpets colonise an area, they can create a toxic environment for other marine life.
By developing a wide range of products that require volume harvesting of the limpets, Mikota will be clearing the way for a more balanced ecosystem, which includes reclaiming native oyster beds.
Mikota founder and CEO Alex Mühlhölzl said: "Slipper limpets can have a massive negative impact on the marine environment especially native oyster beds.
“By reducing their population we can inject new life into native oyster beds that have effectively died off and those that are under increasing pressure.
“This is another bonus of targeting invasive species. So, while we don't directly get all the benefits, we can help other businesses improve and grow over time, which is the basis for one of the projects we are developing in Cornwall.
"Mikota is not just a biomaterials company; we are also developing a range of medical devices in the fields of regenerative medicine, advanced wound care, transected nerve repair and mastectomy/breast reconstruction, with a range of our own products and patents in development.
"With its thermal stability our collagen product,
“We are also planning to undertake a range of cell screening and research projects focused on those fields."
Founded in 2014 by Alex Mühlhölzl, David Evans and Dr Christopher Coates, Mikota started trading in 2017 when it raised
These grants are funding feasibility projects focused on the development of two new products for Mikota Ltd, both of which will be launched at Medica 2017, Dusseldorf.
"We believe in our products and want to form partnership and collaborations," continued Alex.
"We are already working with Cardiff University and Collagen Solutions plc, our industry partner, and welcome approaches from anyone interested in using our products in research or collaborative projects."
These products are