WHERE ARE THE WINNERS TODAY: ALGAL SCIENTIFIC / 2012 WINNER

WHERE ARE THE WINNERS TODAY: ALGAL SCIENTIFIC / 2012 WINNER

WHERE ARE THE WINNERS?

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2012 Accelerate Michigan Grand Prize Winner


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Company Profile:

Founded – 2009

Location – Plymouth, MI

Employees – 20

Total Fundraised – $10.5M

Leadership
Geoff Horst, Co-Founder


 

Algal Scientific, the 2012 Grand Prize winner of Accelerate Michigan, has developed an algae-based process that removes and recovers nutrients from wastewater to create a natural animal & human health supplement.

In recent years, consumers have sought greater transparency in the national food system and have demanded that less antibiotics be used in the growth and development of chickens, hogs & livestock. Algal Scientific has capitalized on its agronomy methods to produce the beta-glucan product, and is proud to announce that they already offset about a hundred tons of antibiotics used in the animal health industry.

Algal Scientific originally competed in the 2011 Accelerate Michigan where the company did decently well, and learned enough to propel themselves as Grand Prize winners in 2012. The $500,000 Grand Prize award enabled the company to make the upfront investment into R&D (human health trials costing $50,000 a piece) and commercial-scale equipment.

Now in its seventh year of operations, Algal Scientific witnessed significant growth in 2016. The company is generating revenue and has sent out commercial quantities of the beta-glucan product for both animal and human supplements, nationally and internationally.


Key Learnings:

  • Take advantage of the opportunity to network with investors and the greater entrepreneurial community of Michigan
  • Make sure you distinguish your company from the rest of the companies competing – what’s your value proposition, why is your team passionate about your solution, why should the community support your company?

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