In this age of the algaepreneur, a potent economic development tool has been introduced to nurture emerging algae start-up companies into healthy businesses — the "algae production incubator."
What is the Algae Production Incubator Program?
Some of America's greatest business resources lie in the effective redeployment of existing assets. Many emerging algae growers can operate and grow as long as they have access to centralized harvesting and extraction services. The costs can be staggering on an individual basis, but far more conducive on a shared services basis.
NAA's Algae Production Incubator Program is the first of its kind. The main upfron costs for land, water and CO2 can be costly. NAA has identified landowners (hosts) whose properties include a combination of acreage, commercial buildings, water, and in some cases rail to the property. In return for a small percentage of the equity in a new algae start-up, landowners will provide acreage and/or commercial buildings to new algae start-up companies to scale up commercial production. NAA iworks with harvesting and extraction equipment manufacturers to arrange equipment rentals with each start-up paying its pro rata share. The algae production incubator helps to reduce some of the up-front costs and risk to an algaepreneur getting into the commercial algae production industry. If, at the end of the year, the algae producer is ready to continue to scale, additional acreage and services can be provided.
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