Algacap had an excellent opportunity to participate from the largest technology conference in the world – Web Summit 2017. That event has also been called as Davos for geeks (Bloomberg), The best tech conference on planet (Forbes) and Glastonbury for geeks (The Guardian). For us it just gave an unique privilege to meet potential investors and collaborators and spread the word about our mission. Not sure what was the reason, the candies or the idea itself, but our stand turned out to be really popular. By the end of the day we had got so many new business cards that the candy basket was barely able to hold a balance while standing on them. Big thanks to organizers and to all our visitors. We promise to do our best to take maximum out of every single card we received.
We are grateful that Enterprise Estonia approved our application for development grant, which enables us to conduct an industrial experiment to ensure that our technology works seamlessly also when applied in big scale.
Prof. Timo Kikas from the Estonian University of Life Sciences and Liina Joller explained the potential of microalgae-based biological filters for CO2 sequestration from flue gas in the Estonian Vikerraadio broadcast “Nutikas” (smart). The podcast is available here.
The sTARTUp Day was a big success, both for the organizers, the Tartu start-up community, and last but not least, to us! We received funding from the Vega Fund to cover 30% of the industrial experiment costs. The main support, 70% would come from the Enterprise Estonia Development grant. The project is scheduled to start in early 2017 and aimed at demonstrating viability and feasibility of CO2 sequestration from flue gas.
On October 26-27th we participate from the Baltic Blue Bio Alliance Matchmaking event in Helsinki, an intensive two-day event for the region’s most innovative green-blue biotech companies. Interesting keynotes, valuable new contacts and a challenging pitching contest ahead. More about the event can be found here.
President Toomas Hendrik Ilves paid a visit to our photobioreactor construction site, encouraging to bravely tackle global challenges with game-changing ideas and innovative technologies.
Vega Fund supports our mission with 4000 euros! The grant is for building the full-scale fully functional prototype of our microalgae photobioreactor. We are grateful and eager to start work.
Enterprise Estonia supports development and testing of the sensors for our photobioreactor with the Innovation voucher!