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Old 08-12-2008, 06:16 PM   #1 (permalink)
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Investment firm to commercialize University of Washington algae biofuel technology

Investment Firm Allied Minds to Commercialize New University of Washington Algal Biofuel Technology

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Boston (August 12, 2008) - Allied Minds, a seed investment corporation specializing in early stage university business ventures, has partnered with the University of Washington to establish AXI, LLC to commercialize novel technology to develop and create commercially advantageous strains of algae for the production of biofuels.
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"Our proprietary methodology for developing specific growth and productivity traits will help any algal production system improve its output of inexpensive, oil-rich algae as the raw material for the generation of biofuel" says Biology Professor Rose Ann Cattolico, developer of the AXI technology at the University of Washington.
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