Frontier IP, a subsidiary of commercialisation firm IP Group, gears portfolio firm Alusid up for commercialisation.

Alusid, a spin-out of Central Lancashire University’s silicate research unit, is gearing up for commercialisation.

Frontier IP, a subsidiary of commercialisation firm IP Group, announced that the company has completed a corporate restructuring, secured the necessary intellectual property, signed its first industrial partner, and appointed Athony Attard, CEO of textiles firm Panaz, as chairman. It has also increased its ownership of Alusid from 30% to 46%.

Alusid’s primary technology looks to turn industrial waste materials into environmentally sustainable materials for use in the construction industry.

Frontier IP said that the company is now gearing up for its first funding round, which it plans to secure in the coming months.