TechConnect Innovation Tracking: Motiv Power Systems, a TechConnect Accelerator participant-Boston, MA, 2011
Algal Scientific, an innovative water company, won the $500,000 first prize.
Wastewater containing nitrogen and phosphorus is constantly being released into waterways, resulting in severe environmental and economic damage. Algal Scientific is commercializing technology using algae instead of traditional bacteria in the treatment process. The company believes its technology costs less, performs better technically and environmentally, and produces valuable biomass that can be converted into fuels, fertilizer, animal feed and other co-products. To date, the company has raised $1 Million for the commercial launch of its product and to build a manufacturing facility.
TechConnect News Note: Submissions are now being accepted for the 2013 TechConnect Partner Summit, Washington, D.C. Early submissions are due December 12! To submit your Innovation for conference consideration, visit: http://www.techconnectworld.com/World2013/.