It's great news that Micromidas, a company that spun out of UC Davis and is now based in West Sacramento, just completed their series A funding of $3.6M. The company "develops and scales
environmentally benign biological and chemical processes that produce
valuable chemical and material commodities from waste biomass."
Even better were the props handed out for their early formation in the Green Technology Entrepreneurship Academy. Now-CEO John Bissel and three other undergrads took part in the week-long workshop, which focused on helping them turn their research into a new venture: "inspired by the UC Davis Green TEA Academy which [John] attended in
2008 at Incline Village (UCD offers multiple versions of its Entrepreneurship Academy)."
The team went on to grow their network effectively through the Ca Clean Tech Open, where they were a finalist, winning in the Air, Water and Waste group, and then working closely with SARTA's Venture Start group.
Nice news as we head into GTEA10, up in Incline Village June 28-July 2. No telling which companies will emerge next.