ST. LOUIS, Sept. 6, 2011 /PRNewswire/ -- Nidus Partners LP
today announced Denmark-based
Novozymes has joined Nidus as a corporate partner. Novozymes
will collaborate with Nidus and its other partners Bunge Limited
(NYSE:BG) and Monsanto Company (NYSE:MON) to select and develop
early-stage energy technologies.
"The investment and participation of Novozymes, a recognized
world leader in bioinnovation, is another major milestone for
Nidus," stated Vicki Gonzalez, Nidus
managing partner. "This deal confirms our unique approach
leveraging partners' market insight to efficiently select and
de-risk early-stage energy technologies."
Launched in September 2010, Nidus
takes a novel approach to commercialization using its partners to
identify market opportunities and experienced entrepreneurs to find
and develop technologies that address these market needs. Nidus has
reviewed hundreds of technologies resulting in three start-ups.
"Novozymes sees Nidus as a unique collaboration to identify and
build the business case for novel energy technologies," said
Steen Skjold-Jorgensen, Novozymes
Vice President, Research and Development. "Nidus' experienced
entrepreneurial partners provide a professional approach to
maturing early-stage energy technologies. This partnership is
a natural enhancement to our own exploratory activities. "
Partners have a right of first offer for the innovations
developed through Nidus. A limited number of additional partners
with the appropriate market and technical expertise will be invited
to the partnership.
Technologies chosen by Nidus must meet a market need, have
potential for a strong intellectual property position and offer a
principal investigator willing to collaborate to commercialize the
technology.
Examples of Nidus companies include:
- Electrochaea: a renewable natural gas technology that converts
waste carbon dioxide from existing manufacturing and stranded
electric power into methane, the main component for natural gas.
- Xtend Energy: manufacturer of ultra-high-performance
Lithium-ion battery cathode materials to help address the issues of
cost and performance for electric vehicle batteries.
About Nidus Partners, L.P.
Nidus Partners LP is a unique collaboration between proven
entrepreneurs and strategic corporations who are commercializing
renewable, sustainable and transformative early-stage energy
technologies. For more information, please visit
http://www.niduspartners.com or follow on
www.twitter.com/NidusPartners
About Novozymes
Novozymes is the world leader in bioinnovation. The
company researches, develops and manufactures industrial enzymes,
microorganisms and biopharmaceutical ingredients. With over 700
products used in 130 countries, Novozymes' bioinnovations increase
industrial performance and safeguard the world's resources by
offering superior and sustainable solutions for tomorrow's
ever-changing marketplace. See www.novozymes.com.
Media Contacts
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Callaway Zuccarello
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314-862-4300
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callaway@callawayandco.com
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SOURCE Nidus Partners LP