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Noblegen founder Ontario’s named best young entrepreneur

September 2, 2016
AlgaeIndustryMagazine.com

Adam-Noble

Right to Left: Adam Noble, CEO and Founder, Noblegen; Leo Groake, President, Trent University; Daryl Bennet, Mayor of Peterborough, ON.

J dropcapoelle Kovach reports in Ontario, Canada’s Peterborough Examiner that a 22-year-old scientist whose algae startup company is booming has won a prestigious business award. Adam Noble, the founder of the Peterborough-based company Noblegen, has been selected as Ontario’s best young entrepreneur of the year by Startup Canada, a national organization that helps small businesses across the country. Mr. Noble will receive his award at a gala in Waterloo, Ontario on Sept. 27.

The idea for the company started with Mr. Noble’s high school science project, on ways to use algae to purify water. The science project won national awards, and his company’s initial focus had thus been on developing ways to use algae to clean dirty water. Now the company is developing products for markets including food and beverage, nutritional supplements and cosmetics. “I think it’s a really big step for us,” he said. “We’re way beyond science and research now – we’re here to generate revenue. This award is validating that.”

Mr. Noble’s company has 16 employees now and he’s planning to build a new, $20-million facility on campus at Trent University. The plant could employ about 25, with construction expected to start in spring of 2017. The university is planning to build a business park for science and tech startups in the next couple of years, and Noblegen is expected to be one of the first companies to set up shop there.

The company also expects to soon announce the results of a private capital fundraising campaign to support future expansion.

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