OpenAlgae Blooms in Texas’ Budding Biofuel Market with ATI Membership
The Austin Technology Incubator (ATI) announced today that OpenAlgae, LLC, joined as a member company of the ATI-Clean Energy Incubator.
OpenAlgae has developed revolutionary technologies to release and recover oils and other valuable products from algae. Its UT-based development team has built a working prototype for the solvent-less processing of algae that can scale for liquid fuel and nutraceutical applications.
OpenAlgae’s relationship with ATI began at ATI’s 2009 Clean Energy Venture Summit. The partnership establishes the Incubator’s presence in the emerging algal oil industry and will open OpenAlgae to the ATI’s deep pool of investor connections and help carry the company’s renewable, scalable fuel source to market. The company will leverage the ATI’s extensive talent network to build the team, strengthen its IP position and build and test its first field units in June 2011.
For press release view: