Research and development of low-cost microalgae production systems were started in early 2006 by Jagjit Singh Kaurah (Jag), the founder of AIB.
From 2006 to early 2007 work on the system resulted in the first patent filed in Malaysia for the Floating Bed Method (FBM) in Feb 2007. This patent was published by WIPO in September 2008. It caused a major sensation – large numbers of universities, research organizations including NASA and the Weizmann Institute and many private organizations tried out the system for themselves: https://technology.nasa.gov/patent/TOP2-219
In all, about RM 8 million has been spent on R&D for over 10 years. The Malaysian Ministry of Science, Technology and Innovation (MOSTI) partly funded the R&D from December 2008 to December 2010 granting a total sum to this project about RM 946,000. In addition to that, SME Corp, a Malaysian Government Corporation granted around RM 400,000 for HIP-2 Program for commercialization.
After 17 years of rigorous scientific inquiry and relentless innovation, AIB has achieved a groundbreaking milestone. By developing novel cultivation and processing techniques, AIB has finally made algal biomass economically competitive with traditional agricultural biomass. This breakthrough throws open the doors to a vast, untapped biological treasure trove, poised to catalyse a new era of sustainable development and technological advancement across multiple industries.