Market Overview

Promega Commits $3 Million to Revive & Restore Science Fund Supporting Catalytic Research Bridging Biotech and Conservation


To support the exploration of new solutions for confronting significant
environmental challenges, global biotechnology manufacturer Promega
has pledged $3 million over the next three years to the
nonprofit Revive
& Restore
Catalyst Science Fund. This is the first corporate
pledge to a recently launched fund designed to identify and develop
advanced techniques of genetic rescue and to bring new tools to
conservation work in order to enhance biodiversity.

"As of yet, biotechnology and environmental sciences have not worked
closely together, but there are now additional tools available for
conservation. We have found a very powerful interest in both communities
to thoughtfully explore the possibilities together," says Ryan Phelan,
the cofounder and Executive Director of Revive & Restore. "Thanks to
Promega sparking this initiative, we are able to explore solutions to
conservation questions through a new lens."

The Catalyst Science Fund will invest primarily in proof of concept
projects applied toward high impact solutions to conservation
challenges. Supported research will aim to produce actionable science
with significant conservation benefits and broad applicability for
creating innovative solutions for endangered species and threatened
ecosystems. Projects will be reviewed by a distinguished Catalyst
Science Advisory comprised of recognized leaders in biotechnology and

"We choose to support Revive & Restore's work because they are systems
thinkers who take a long-term view. They have identified an urgency in
the scientific community to ask if the sophisticated genetic tools of
today have a place in conservation. With their scientific advisory
council, they will ensure high quality science that considers the ripple
effects of success," says Randy Dimond, Vice President and Chief
Scientific Officer at Promega. "We look forward to the learning and
potential discoveries that can help improve threatened life systems."

Traditional conservation tools can be limited in addressing global
challenges like climate change and current threats to wildlife and
ecosystems are demanding innovative approaches. Advances in
biotechnology, which have transformed medicine and agriculture, provide
fertile ground for transformative breakthroughs in conservation
practice. Revive & Restore has identified the opportunity to catalyze
innovative science-based solutions for seemingly intractable
conservation problems by leveraging and adapting emerging powerful
genomic and biotechnology tools.

The Catalyst Science Fund will build on the strengths of both
organizations, including a network of scientists and conservationists to
provide diverse insights into opportunities presented by recent biotech
advances, as well as entrepreneurial expertise and perspective to make
the most strategic investments to advance the development of the field.

This year, Promega Corporation marks its first 40 years of supporting
the life sciences industry. As the company evaluates what it will take
to thrive in its 100th year and beyond, it reaffirms its commitment to
pursuing innovative collaboration with scientists working in the biotech
field. Promega is excited to promote innovation in conservation through
the Revive & Restore Catalyst Science Fund.

About Promega

Promega Corporation is a leader in providing innovative solutions and
technical support to the life sciences industry. The company's 4,000
products enable scientists worldwide to advance their knowledge in
genomics, proteomics, cellular analysis, drug discovery and human
identification. Founded in 1978, the company is headquartered in
Madison, WI, USA with branches in 16 countries and over 50 global
distributors. For more information about Promega, visit

About Revive & Restore

Since its founding five years ago, Revive & Restore has become a
recognized leader in guiding the responsible application of
biotechnology to address conservation challenges for endangered species
and threatened ecosystems. The organization brings together academic and
commercial labs that are advancing the science with conservation
practitioners working in the field to develop innovative conservation
solutions. More information can be found here:

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