B IO R ENEWABLE C HEMICAL S TARTUPS E NGAGING W ITH I OWA S TATE - - PowerPoint PPT Presentation
B IO R ENEWABLE C HEMICAL S TARTUPS E NGAGING W ITH I OWA S TATE Flexible Solutions Traditional : non-exclusive royalty-free license, option to exclusive Managed Financial Risk : 10% exclusive option fee, no royalties until annual net
www.industry.iastate.edu/flexiblesolutions
Proof of Concept Initiative
Partnership between Iowa Companies and Iowa State Researchers
Funds to
Enhance commercial viability of university research
Improve or create new products/processes for companies
Up to $100,000 in two phases
Each phase 6-8 months and $50,000
Match required (cash or in-kind)
www.industry.iastate.edu/poci.html
Production of fatty acids with diverse chemical functionalities at their omega-ends. Expression, purification and characterization of key biocatalysts that are highly specific for individual “starter- substrates” (e.g., branched, hydroxyl or cyclic)
Novel bi-functional molecules
Precursors for precursors for the polymers, surfactants and lubricants industry.
Awards
NSF Innovation-Corps ($50,000)
Department of Commerce i6 – proof of concept ($50,000)
Regents Innovation Fund – proof of concept ($50,000)
STTR phase I ($225,000)
1st Place Pappjohn Business Competition ($10,000)
www.omegachea.com
Production of functional aromatics
Tailored aromatics in a high-yielding,
transition metals.
Methyl Coumalate is a single step away from Malic Acid which is readily made by fermentation from sugars and is a versatile springboard for diversification--regarding both the aromatic substituents and market sectors.
Awards: $100,000 Department of Commerce – proof of concept www.susterea.com
Founders: George Kraus, Brent Shanks, Peter
VariFas Biorenewables, LLC
Novel biocatalysts for the production platforms
Nearly pure fatty acids in chain lengths of 4-to 18-carbon atoms
Industrial applications include flavorings, food additives, cosmetics, soaps and detergents
Awards: $100,000 Department of Commerce - Proof of Concept