Algonomi Oy

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Project details

Project description

We are launching a concept where we cultivate microalgae in closed bioreactor, to produce bioactive ingredients for cosmetics/personal care industry, food industry and textile industry (pigments), to start with. Our profile is to be a B2B company. Our 'clean biotech concept also includes carbon capture and re-use, where we take into our production process CO2 from an industrial manufacturing plant, thereby also lowering their carbon footprint.

The problem we are solving

Carbon neutral ingredients; deep knowledge of different algae strains, allowing us to extensively exploit the bioactive properties of algae; increasing demand in market for ingredients of our type, namely natural, plant-based, CO2 neutral, with health advancing effects

Technology readiness level

Sustainable impact on Blue Economy

Reduction of CO2 (1.8 times per 1 ton of biomass produced); recirculating of water (i.e. water conservation) in our production process (target is to circulate 4/5 of water used)

Basic information

Country

Finland

Sector

Blue biotechnology

Brief biography of founders and CEO

CEO is responsible for overall strategy, for the management of organisation, and for the development of the commercial activities, as well as for seeking financing solutions. His background consists of couple of startups earlier, work experience in project management, as well as sales and commercialisation activities. He has also a PhD in Management. The other 5 founders are academic researchers and biologists, with long experience in this area and all with slightly different expertise in algal biology and environmental biotechnology. 4 Have PhD, 1 has MSc but working towards a PhD in algal biotechnology.

Financial data

Finance needs

Less than EUR 0.5m

Planned Funding Uses

Sales and Marketing,Operations,To hire more resources

Company profile

Algonomi Oy

Company type:

Start-up - company younger than 3 years

Year of establishment

2019

Employees

1-2

Maritime Forum Themes

Algonomi Oy

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Algonomi Oy