Purdue startup wins recognition, investments for technology on waste algae disposal

(Purdue University) A Purdue University-affiliated startup focusing on technology to turn municipal wastewater algae into specialty chemicals has received its second financial award in just two weeks. Gen3Bio Inc. has proprietary technology that redirects waste algae from an environmental hazard into profitable environmentally friendly products fully integrated into the circular economy. The startup has gained a $20,000 investment through the Elevate Nexus Regional Pre-Seed competition and a $20,000 pilot plant grant from The Water Council, with both announcements coming within weeks.
Source: EurekAlert! - Biology - Category: Biology Source Type: news