PRZOOM - /newswire/ -
The Woodlands, TX, United States, 2010/06/24 - The National Algae Association is starting a new algae production incubator to help lower the cost and risks as scale-up build-outs begin in the algae production industry.
It will be the first commercial-scale algae production incubator in the US, allowing algaepreneurs to scale-up on acreage, and universities to move their technologies into the market.
Algaepreneurs, colleges and universities interested in scaling-up commercial-scale technologies (i.e., growing, harvesting and extraction methods and processes) will have the opportunity to join the new algae production incubator. Acreage, water, research services, lab space, benchmarking and management services will be made available to assist in lowering start-up costs and risk of commercial scale-up issues. Clusters of algae producers will share equipment and research services. The NAA also aims to serve algae production start-ups with services linked to investors, lenders, lawyers, accountants and other professionals. An advisory board of business leaders and algae researchers determines admission into the program.
The Algae Incubator Process:
Step 1: Submission of Incubator start-up company Preliminary Review Questionaire, accompanied by a complete business plan and financial projections to the National Algae Association for review.
Step 2: Review of information to determine a suitable match of acreage and services for the algaepreneur. This step includes entry of data into the incubator data base.
Step 3: Once a potential match has been found, your data will be forwarded to the host company (land owner) for review to determine how much acreage and water will be needed. If the host company expresses an interest in your company, you will be contacted to set up an appointment and begin negotiations.
Step 4: If negotiations between algaepreneurs and the host company are successful, the appropriate documentation is signed, and the new algae start-up incubator company is hatched!