Mines technologies help companies secure funding
GOLDEN, Colo., Nov. 17, 2009 – Three bioscience companies licensed with Colorado School of Mines have been awarded funding by the Bioscience Discovery Evaluation Grant Program (BDEGP) through the Colorado Office of Economic Development and International Trade.
The BDEGP - Early Stage Bioscience Company Awards are a state-run competition open to Colorado companies that have an existing license with a Colorado research university.
The winners licensed with Mines captured three of the 12 awards announced.
- Microphage — Awarded $100,000, was started in 2002 and is based on technology from Dr. Kent Voorhees of the Chemistry and Geochemistry Department. The company is developing easy-to-use, rapid diagnostics that provide the information on bacterial infections, mainly MRSA.
- Oberon — Awarded $80,000, has a license with Mines to incorporate technology from the lab of Dr. John Spear, of the Environmental Science and Engineering Department. The company is researching and developing the production of single cell protein (SCP) from un-utilized food processing by-product streams. It plans to become the premier supplier of high-quality SCP meal destined for use in animal feed diets.
- PolyNew — Awarded $250,000 started in 1999 and is partially owned by Dr. John Dorgan, of the Chemical Engineering Department. PolyNew has an option to some Mines technology and is focused on developing environmentally friendly polymers/plastics.