Press Room

According to Tiffany Hua, an analyst specializing in material innovation with Boston research and advisory firm Lux Research Inc., Inversa and anyone else in the lionfish leather business may face the challenge of making the leather scalable and cost-effective.

Authorities in China are increasingly pinning hopes on new-energy products – electric vehicles (EVs), lithium-ion batteries and solar batteries – becoming critical cogs in the engine of its export sector.

“Chemical companies cannot follow the same path as they have been doing for the past 70 or 100 years: research, find a chemical, sell it, and keep selling it,” says Tim Appachanda, an agricultural analyst with Lux Research.

Irish Country Living’s Janine Kennedy examines the reasons why we might not be excited over the growing number of sustainable products on the market in a conversation with Lux MotivBase Co-Founder Ujwal Arkalgud.

Silicon Valley Bank’s failure was just another step in the reshaping of the US innovation ecosystem away from Silicon Valley, particularly for climate-related technologies, Anthony Schiavo, a research director at Lux Research, says in a recent webinar.

The recently added government incentives for clean energy didn’t focus on early-stage startups, but the situation could change as reducing carbon emissions becomes a more pressing goal, Anthony Schiavo, a research director at Lux, said during the webinar.

Since funding was falling well before SVB’s implosion, we can’t say its closure is the driver. However, for those looking for reasons to stay pessimistic about the funding environment, it’s certainly good fodder. Lux Research, a deeptech-focused research and advisory firm, predicts that VC funding will be harder to come by going forward.

Tiffany Hua, an Analyst at Lux Research told Sourcing Journal, “There are concerns that synthetic shoe replacements to k-leather may not match in terms of durability, stretch, and comfort. Synthetics will especially have a difficult time with stretch and forming to the foot like leathers can.”

Tiffany Hua, an Analyst at Lux Research who covers the apparel industry, says textile dyes produced with microbes still cost more than synthetic options. Even with energy savings during the dyeing process, it’s not clear if apparel companies will bite.