HOUSTON, September 26, 2022 /PRNewswire/ — Today, First Bight Ventures, a Houstonventure capital-based company that focuses exclusively on advancing and accelerating early-stage synthetic biology companies, announced that it has added Alan McCollough to its growing panel of expert advisors. McCollough served as President and CEO of Circuit City Stores Inc. and has decades of proven experience operating consumer-focused public entities. He recently retired from the boards of VF Corporation and Goodyear Corporation.
“We are delighted to have Alan join our group of advisors given his extensive consumer and retail experience. He has extensive knowledge of industrial businesses which will provide valuable advice to our portfolio companies. We hope to leverage his experience so that our startups can select the commercialization routes for their business models,” said the founder of First Bight Veronique Wu said.
“I believe in the potential of biotechnology to address many of the challenges facing our planet today. I hope to bring some of my experience to support innovative startups in space,” McCollough said.
McCollough joins First Bight advisers who represent a variety of companies and industries, including Solugen, a maker of specialty chemicals; Proxima Clinical Research, Inc., which helps emerging companies overcome regulatory and clinical hurdles to get their medical products approved; Oracle Cloud, which offers cloud computing services; and DTE Energy, which develops and manages energy-related businesses and services nationwide.
“Our plan, bringing in Alan as a key advisor, is to accelerate our overall investment activity, especially as the bioeconomy is a critical factor in addressing global sustainability. President Biden’s recent pledge to more $2 billion in biomanufacturing will help encourage more research, innovation and commercialization of consumer products. This includes more plant and bio-based materials, as well as drug manufacturing, such as vaccine production,” Wu added.
More information about First Bight can be found on the company’s website at firstbight.com.
SOURCE First Bight Ventures