Money

PlanktOMICS spins out of University of Wyoming

May 10, 2013
AlgaeIndustryMagazine.com

Stephen Herbert, a UW professor of plant sciences, and UW doctoral student Levi Lowder observe genetically engineered algae they created. Their business, PlanktOMICS, recently finalized a spin-out agreement with UW.

Stephen Herbert, a UW professor of plant sciences, and UW doctoral student Levi Lowder observe genetically engineered algae they created. Their business, PlanktOMICS, recently finalized a spin-out agreement with UW.

PlanktOMICS Algae Bioservices has finalized a spin-out agreement with the University of Wyoming (UW) in a deal that will allow the company to further its goal to be an innovative leader in providing biotechnological services and products for the emerging algal biomass industry.

Located in Laramie, Wyoming, PlanktOMICS has developed a service business that expedites the process of domesticating algae for agricultural and industrial production. These services are designed to maximize algal growth and productivity while saving time and money for clients, which include private companies along with government and university labs that conduct research on algae.

Under the license agreement with UW, PlanktOMICS has the right to develop its patent-pending technologies into commercial ventures, says Davona Douglass, director of the UW Research Products Center. In return, UW will receive some equity in the company. When PlanktOMICS begins selling its commercially developed products, the university will receive royalties on the products that employ the patent-pending technologies. Income derived for the university will support other research and patent activities, Douglass says.

PlanktOMICS principal partners Stephen Herbert, a UW professor of plant sciences, and Levi Lowder, a UW doctoral candidate in molecular and cellular life sciences, will focus on serving small companies that need to solve problems relative to their algae needs.

PlanktOMICS provides advanced phenotype analysis (testing biological traits) and screening services, custom algal vector design and construction, algal transformation and gene-expression analysis, according to its website. “We’re here to solve problems for other companies that want to produce algae at large scales,” says Herbert, who serves as the company’s CEO. “We see our role as building up research capacity of these small companies that don’t have enough capacity for research.”

“Our services are tailored to companies that want to outsource their biological studies or biological research,” adds Lowder, PlanktOMICS’ chief technology officer. “We don’t really produce the end products. We do the biology. You have to know how to grow algae. That’s where we come in, to figure out how to farm algae on a large scale (for other companies).”

The five patents that PlanktOMICS has filed to date for its technologies do one of two things, Herbert says. One is to control unwanted algae and other microbes in algae ponds where algal biomass is produced. Part of this technology is to make the desired algae resistant to algaecidal chemicals, similar to how crops, such as corn and soybeans, are now resistant to herbicides used to eradicate weeds. The second technology allows low-cost biological harvesting of algal biomass by causing the microalgal cells to stick together into clumps for easier separation from culture water. This harvesting technology is especially well suited for large-scale production, Lowder says.

Douglass worked with Herbert and Lowder to file patent applications on their novel technologies. The Research Products Center identifies new technologies developed at UW; protects the technologies, usually by filing patent applications; and then negotiates license agreements for the technologies.

“We’re really excited about another Laramie business that will develop UW’s patent-pending technology,” Douglass says. “These are cutting-edge technologies that would never be able to help our country if they were just stuck in the lab. This is a way to get research to the marketplace to benefit society.”

In 2012, Lowder and his PlanktOMICS team were judged the top proposal in the John P. Ellbogen $30K Entrepreneurship Competition at UW. PlanktOMICS won $12,500 and one year of free rent to further develop the company at the Wyoming Technology Business Center (WTBC). PlanktOMICS will take advantage of that rent-free year starting later this summer, says Herbert who, in his academic capacity, serves as Lowder’s adviser.

The WTBC is a statewide business development program (under the UW Office of Economic Research and Development) that is developing a business incubator and an outreach program focused on early-stage, high-growth companies. Lowder termed the WTBC “indispensable” and says the program has helped PlanktOMICS develop a business plan, which included a sales and marketing strategy. Herbert agrees, saying the WTBC “has been extremely supportive” and was instrumental in giving Herbert and Lowder the push to form a company. One key bit of advice he offered: Avoid taking outside investment money until the company is bringing in revenues. “Algal biomass production has a bright future, but you want to make small bets at this point,” Herbert says. “We hope to have (office) space in town within three years.”

“I’m really high on PlanktOMICS. I think they have a really great future,” says Jonathan Benson, CEO of the WTBC. “It’s an interesting business. They have a service business, but they also have technology. They can go a lot of different ways.”

Benson adds the WTBC just finished creating lab space for the company in the business incubator. He expects PlanktOMICS to move into its space during July.

Herbert and Lowder say PlanktOMICS already has two clients, which they declined to name for reasons of confidentiality. However, the two did elaborate that one company has produced algae as nutritional supplements for more than 30 years. The other company produces chemicals that control algae growth, such as in ponds or roadside ditches.

Herbert and Lowder foresee needing 20-25 employees within the next five years.

“We want to create good jobs for people who are trained at UW and at community colleges,” Herbert says.

More Like This…

HOME Algae Industry Jobs

Copyright ©2010-2013 AlgaeIndustryMagazine.com. All rights reserved. Permission granted to reprint this article in its entirety. Must include copyright statement and live hyperlinks. Contact editorial@algaeindustrymagazine.com. A.I.M. accepts unsolicited manuscripts for consideration, and takes no responsibility for the validity of claims made in submitted editorial.

From The A.I.M. Archives

— Refresh Page for More Choices
Natural carotenoid specialists Piveg Inc., with production facilities based in Celaya, Central Mexico, has announced immediate availability of natural astaxanthin materia...
Scientists at the Energy Department’s National Renewable Energy Laboratory (NREL) have demonstrated that just two of six iron-sulfur-containing ferredoxins in a represent...
Students from three Arizona universities will demonstrate their algae research projects at an Innovation Showcase May 1, in Arizona State University’s Sun Devil Fitness C...
“Proterro has reached its Q1 sugar-production pilot milestones,” CEO Kef Kasdin reported at the recent Advanced Biofuels Leadership Conference, in Washington, D.C. “In fo...
Yereth Rosen reports in the Anchorage Daily News that scientists at North Carolina State University’s Plants for Human Health Institute have found extremely high levels o...
Although the use of whole microalgae in animal diets has long been studied, the 
de-fatted biomass of microalgal species, derived from biofuel production research, has on...
By sending algae into space, a U.S. Department of Agriculture (USDA) scientist and his team will be able to study some of the key mechanisms that control plant growth and...
In Phys.Org, Yu Yonehara notes the breakthrough research from the Tokyo Institute of Technology on the connection between early marine algae and the development of terres...
Gilbert, AZ-based Heliae has announced a partnership with Sincere Corporation, a Japanese waste management and recycling company, to form a joint venture and develop a co...
Kyae Mone Win reports in the Myanmar Times that spirulina has been harvested from Twin Daung lake in Sagaing’s Bu Ta Lin township for over a decade, but climate change an...
Algae manufacturer Cyanotech Corporation has announced implementing three major initiatives to improve Astaxanthin production at their Kailua Kona, Hawaii-based cultivati...
A recent discovery in the multicellular green alga, Volvox carteri,has revealed the origin of male and female sexes, showing how they evolved from a more primitive mating...
Biofuels derived from the oils produced by algae may offer a low-cost sustainable alternative to fossil fuels. To achieve this goal, optimization of cost effective strate...
Perth, Western Australia-based Algae.Tec Limited has announced that the Reliance Group has converted the first tranche of options following the positive progress achieved...
Channelnewsasia.com reports on three young Spaniards who harvest seaweed, a culinary delicacy, as a way for them to stay out of Spain’s troubled financial waters. 35-year...
Bookending the upcoming Algae Biomass Summit, Sept. 29-Oct.2 in San Diego, will be industry tours to give attendees a first-hand look at the latest progress in technical ...
SCHOTT AG, of Mitterteich, Germany, and Algatechnologies Ltd. (Algatech), based at Israel’s Kibbutz Ketura, have signed an R&D agreement to strengthen their partnersh...
Arizona is taking advantage of its open land and ample sunshine to assume a leadership position in the algae biofuel field. The state is home to two national algae testbe...