Incubator EcoMachines is investing in the two-year old spin-out Recycling Technologies.
Recycling Technologies, a cleantech spin-out of Warwick University, has secured an investment from incubator and accelerator EcoMachines. Unnamed business angels also participated.
The exact amount of the seed round has not being disclosed. However, EcoMachines typically invests £100,000 ($162,000) initially and follows that with a further £500,000 ($810,000) at the end of its accelerator programme.
Recycling Technologies was spun out in 2011 and commercialises technology which turns mixed plastic waste into a product it calls PlaxOil, a…
