3 ms·
Currently we have ceased all work due to lack of funds - there are multiple reasons behind this, but we are still bullish on the tech. Our university partners
by L_226 3y ago
Currently we have ceased all work due to lack of funds - there are multiple reasons behind this, but we are still bullish on the tech. Our university partners may develop it further, or I may come back to it in a few years when my situation changes.
A core takeaway from our investors is that we should have tried harder to demonstrate strong market pull for our reactors, or the microalgae itself. In this respect it was a kind of chicken and egg problem, in that microalgae can be used for many different things, but no one is doing it because it is too expensive, and the existing markets are supply saturated.