Allied Minds, U of Washington Form Startup To Commercialize Algal Biofuel Technology | GenomeWeb
Early-stage investment firm Allied Minds last week said that it has invested an undisclosed amount to launch AXI, a company that will attempt to commercialize technology developed at the University of Washington that uses algae strains to produce biofuels.
Allied Minds’ investment is in line with a recent surge in venture capital investment in US cleantech companies that, according to a recent Ernst & Young report, is at an all-time high despite a downturn in overall VC bets.

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