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October 08, 2008 | Jim Lane | Comments 0

AXI

Website: www.axillc.com
Tel:

(781) 353-6404
Address: 859 Willard Street, Suite 400, Quincy, MA 02169
Type: Research – algae
Financials: Private
Symbol:
Competition: LiveFuels Alliance
Key execs: Rose Ann Cattolico
Description: In August 2008, Allied Minds and the University of Washington announced the establishment of AXI to develop new algae strains for biofuel production.

The new venture will commercialize research by University of Washington professor Rose Ann Cattolico, and is named after the “Algae X” species named by Prof. Cattolico.

The new venture is currently based near Boston, where Allied Minds has invested in numerous university technology spin-offs. The company will focus its research on algae strains with a high lipid content and low carbon dioxide requirements.

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