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Biotechnology for Commercial Production of Edible Nostoc as a New Aquatic Crop…

Award Information

Agency:
Department of Agriculture
Branch:
N/A
Award ID:
61966
Program Year/Program:
2003 / SBIR
Agency Tracking Number:
2003-00102
Solicitation Year:
N/A
Solicitation Topic Code:
N/A
Solicitation Number:
N/A
Small Business Information
ALGAEN CORPORATION
925 W NORTHWEST BLVD Winston Salem, NC 27101-1215
View profile »
Woman-Owned: No
Minority-Owned: No
HUBZone-Owned: Yes
 
Phase 1
Fiscal Year: 2003
Title: Biotechnology for Commercial Production of Edible Nostoc as a New Aquatic Crop Plant
Agency: USDA
Contract: 2003-33610-13034
Award Amount: $75,000.00
 

Abstract:

NON-TECHNICAL SUMMARY: Nostoc commune is an edible cyanobacterium forming the spherical macrocolony, which is used as a potent herbal medicine and dietary supplement. Due to its nutraceutical and pharmacological value, the N. commune has received increasing attention, and the market demand has grown drastically during the last decade. However, low yield and unstable quality caused by inadequate production methods has prevented the further expansion of Nostoc commune in nutraceutical and pharmaceutical markets. In Algaen Corporation, we propose that Nostoc commune could be explored as a new crop plant used for nutrition food and herbal medicine by cultivating in a suitable photobioreactor on a commercial scale, using innovations in microalgal biotechnology. The technology developed from this project will enable us to launch commercial production of high quality edible Nostoc commune as an effective while affordable herbal medicine and dietary supplement, which has a current market of $50 million annually.

Principal Investigator:

Fan Lu
3367164609
lf123onc@yahoo.com

Business Contact:

Fan Lu
Chief Scientist Officer
3367164609
LF123ONC@YAHOO.COM
Small Business Information at Submission:

Algaen Corporation
3488 Bramlet Clemmons, NC 27012

EIN/Tax ID:
DUNS: N/A
Number of Employees: N/A
Woman-Owned: No
Minority-Owned: No
HUBZone-Owned: No