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 sales >$20M Company Owns IP : 75% assignment fee  Niche Agreements : Custom solutions for field trials,  product testing, center memberships and more! www.industry.iastate.edu/flexiblesolutions

E CONOMIC D EVELOPMENT F UNDS 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

NSF E NGINEERING R ESEARCH C ENTER - CB I RC Founded in 2008  Nurturing the growth of the biobasedchemical industry   Developing tools, components and materials need to transform carbohydrate feedstocks into biobased chemicals  35 industry members www.cbirc.iastate.edu

O MEGA C HEA B IO R ENEWABLES , LLC  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)  1 st Place Pappjohn Business Competition ($10,000)  www.omegachea.com

S US T EREA B IORENEWABLES  Production of functional aromatics Tailored aromatics in a high-yielding,  one-pot cascade reaction, free of 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

V ARI F AS B IORENEWABLES VariFas Biorenewables, LLC  Novel biocatalysts for the production platforms of diverse fatty acids 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