Gunter Festel joins CASCAT as shareholder and non-executive director to bring in his network within the biotechnology industry and financing community.
The engagement of Gunter Festel as shareholder and non-executive director strengthens the business development activities and supports future financing rounds of CASCAT. As a Founding Angel, Gunter Festel, a successful entrepreneur, has co-founded more than 10 biotechnology companies in Germany and Switzerland. He was CEO of Butalco which was sold to the French company Lesaffre in 2014. Butalco’s technology for the production of biofuels and biochemicals enables the use of waste material and thus helps towards solving the “food vs. fuel” dilemma.
Gunter Festel will bring in his long time experience of entrepreneurship and will strengthen the business development of CASCAT by his exclusive network. His confidence in the strategic approach of CASCAT underpins the chance of future achievement to realize a biobased economy by novel, synthetic process routes. We are looking forward to a succesful partnership with projects setting new benchmarks.