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An accredited investor is someone who has $1,000,000 of net assets or $300,000 in earnings each of the last two years. If you are not an accredited investor please disregard this page and refer to Univenture.com for information relating to the company. We are not taking any investment from non-accredited investors.

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Attending Central Ohio’s Green Energy Ohio Networking Meeting

Wednesday, November 12th, 2008

GEO LogoGreen AlgaeThe Green Energy Ohio meeting was led by Ohio’s Attorney General -Nancy H. Roger to address the question “What legal impediments exist that might hinder efforts to develop alternative energy sources?” Represented were various departments of Ohio’s government, such as Ohio Departments of Agriculture and Natural Resources and the Ohio EPA to address possible legal hurdles that may exist. These hurdles that include intellectual property, zoning, and environmental impact, were being addressed in order to meet the Governor’s goal regarding his call to explore a practical application of energy from alternative sources.

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Initial Cultures for Test Cell

Friday, August 8th, 2008

Ross Youngs and Univentures David Coho review the test cell construction progress with Glenn Waring, Vistage Chair. Vistage International is the worlds leading chief executive organization comprised of 14,000 members

Ross Youngs and AlgaeVS's David Coho review the test cell construction progress with Glenn Waring, Vistage Chair. Vistage International is the world's leading chief executive organization comprised of 14,000 members

Our growing team is moving quickly and finding substantial support for our Algae Initiative and the unique business, partnership and technology transfer models. We are continuing our focus on bringing this message to key participants and potential partners on a daily basis which will lead to the formation of the multiple LLCs. We currently have at least five groups preparing business plans across the State of Ohio. This is on track for our goal of implementing 12-20 sites within the next year. Each of the LLCs will focus on the business of building relationships for business success, selling, site preparation, installation, maintenance, and management of installed Algae Crop Systems.

We have also started conversations with candidates for key management positions of the start-up LLCs and are continuing to collect resumes from qualified individuals. These candidates for the executive role at a given LLC will have demonstrated success in business, a fit for our culture, and an altruistic attitude towards building a better future. Please feel free to encourage potential candidates to forward contact information and pertinent information about their experiences.

If you have any questions or comments, please, ALWAYS feel free to call or email me. Together, we WILL grow a bio-based future,

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Seeking Collaboration for Joint Proposals Time Sensitive!

Friday, August 1st, 2008

AlgaeVS is quickly developing a Rapid Algae Farming (RAF) System, which will serve as the platform for the creation of numerous products from algae, specifically biofuels and bioplastics. The RAF System is a fully automated network of enclosed photo-bioreactors that efficiently grows and processes algae. The design is fully adaptable, giving it the capability to utilize virtually any species of algae. Many technical challenges exist in making the algae to biofuels and bioproducts process viable, and extensive collaboration is required to succeed in this endeavor.

AlgaeVS seeks to collaborate with your organization on this exciting project. We would like to start by submitting a joint Third Frontier Grant Advanced Enerygy Program Grant Proposal (TFAEP) – RFP which is due September 9, 2008. The proposal will be focused on one or more aspects of the algae to biofuels or bioproducts process that your organization is well suited to tackle. AlgaeVS has already completed a significant portion of the Third Frontier RFP, and would require your organization to generate the portion of the RFP that outlines what your contribution and why our partnership is well suited for this project.

If you are interested in pursuing this opportunity please fill out our Joint Proposal Letter of Intent, which outlines the aspects of the algae to biofuels or bioproducts process where our collaboration will be successful. In order to proceed, we MUST have this Letter of Intent returned by fax or email no later than August 7, 2008. Please direct any questions to Ross Youngs at 800-992-8262.

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Partnership News & Updates

Friday, May 23rd, 2008

How to partner with us

The AlgaeVenture team is actively meeting with potential partners for all levels of the algae. Contact me to request more information and find out how you can work with AlgaeVenture Systems.

Spreading the word and growing partnerships

So much has happened in a short time. We have given a series of encore presentations, meeting individually and with groups, to foster partnerships to move the project forward aggressively.

System Prototype

Substantial progress has taken place on the creation of the first test cell. The foundation for the cell was constructed and subsequently covered with a liner. The initial plumbing for the unit has been connected, and on June 18th the cell was filled with water. Concurrently, a greenhouse and lab have been built near the test cell, and will be operational in the coming weeks. This rapid development has been matched by an intense research and design effort currently underway at AlgaeVS, Inc.

The Green Belt Coalition

The algae coalition which was launched at the AlgaeVS presentation on May 22 has also progressed well. This group has actively been meeting via teleconference and plans to announce at Fall conference to be held in November. Please visit http://www.greenbeltcoalition.org and sign up to help build a working group to facilitate the growth of an algae industry.

Algae Pond Liner

I have personally had discussions or briefing meetings with all of the following entities, several of whom have already signed cooperation agreements and/or identified key resources such as funding, services, manufacturing and legal support.

  • Ohio University
  • EMTEC
  • Miami University
  • Yenkin-Majestic
  • University of Cincinnati
  • Vacuform
  • CIFT
  • Rockwell
  • Ohio Department of Development
  • EWI
  • Van Wert County Economic Development
  • NASA Glenn Research Center
  • Ohio Aerospace Institute
  • VanDavis & Associates
  • US Department of Energy
  • Senator Voinovich’s Washington staff
  • Senator Brown’s Washington staff
  • Sterling Technologies
  • The Ohio State University, Center for Entrepreneurship
  • National Composite Center
  • OARDC, The Ohio State University, Columbus
  • Siemens Corporation
  • Clean Fuels Ohio
  • John Deere
  • Calfee, Halter & Griswold LLP
  • Baker & Hostetler LLP
  • Ohio BioProducts Innovation Center (OBIC)
  • Phycal LLC
Greenhouse

Our team and I have actively attended several key networking opportunities including

  • Ohio Polymer Summit
  • former Mayor of Marysville
  • Ohio Department of Agriculture – Retooling for Ohio’s Energy Market
  • National Agricultural Biotechnology Council
  • Vistage

Upcoming meetings that are scheduled and/or being planned throughout the summer.

  • Vorys, Sater, Seymour and Pease LLP
  • The Ohio State University, College of Engineering
  • National Algae Association at The Woodlands, TX
  • TechColumbus
  • Miami University and Ashland Chemical staff
  • Emerging Technology Forum sponsored by Polymer Ohio
  • Van Wert County presentation
  • OARDC, The Ohio State University, Wooster
  • Hosting and presenting at the UCEAO Board meeting in August
  • TechColumbus Breakfast Series
  • Air Force Research Laboratory
  • The Cincinnati Zoo
  • PUCO – Ohio Biomass Energy Program
  • Ross Youngs & Ben Stuart will present on behalf of the Green Belt Coalition at the MORPC Conference on Sustainability & the Environment
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The Clear Focus of AlgaeVS’s AlgaeVenture Systems

Thursday, May 1st, 2008

AlgaeVS’s Algae Initiative Strategy

AlgaeVS has undertaken the development of the systems and technology related to hybrid-closed ponds that continuously simulates nature’s best productivity for growing algae based biomass in virtually any geographic location with the suitable resources. These systems are being designed at scale, with modularity that improves economics, while leveraging facility collocation as part of a sustainable waste to energy strategy. Solar energy is one contributing energy source, not the sole source. Our technologies are unique and various patents are being pursued.

This philosophy utilizes waste energies from collocated facilities including heat, with an additional requirement for suitable water-cooling resources (geothermal, river, or body of water), CO2 waste gas, and nutrient/organic wastes. The targeted industries are power generation, wastewater, livestock, food waste, biomass waste, landfill, and various industrial concerns. The resulting systems will provide resource conservation, improved water and air quality while producing large quantities of biomass for utilization for fuel, feed, food, fertilizer, and other advanced materials or products. This integrated strategy will result in a leap forward for sustainability strategies, which can be implemented by a variety of concerns.

AlgaeVS firmly believes the primary path forward for fuels from algae will require capital cost sharing with collocated facilities along with an evolutionary path to the profit floor of fuel. Justification of capital cost share comes from cleaner water and air through a variety of considerations, including: ecological, social, energy policies, and national security justifications.

It is our near term goal to establish 12-20 of these collocated facilities utilizing the expertise from various disciplines to simultaneously research, develop, engineer, the systems and processes at scale. The path forward is based on best practices relating to our specific and historical technologies along with vision of the viable ideal system of the future. Our long-term objective is to be a world leader in integrated algae technologies providing technology, designs, engineering, and systems that integrate primary algae systems and unique complementing subsystems.

Photon Chart

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