Early Growth Financial Services (EGFS) is proud to count Micromidas, a chemical and bio-technology company, amongst its 160+ clients. How did Micromidas go from a college project to an industry leading bio-tech company that has raised $25 million in equity capital to date? Strong leadership, strategic support, and knowing when and where to outsource… The Micromidas Story Micromidas enables bio-plastics made from renewable materials. Founded in 2008, Micromidas has developed an innovative chemical process technology to make a variety of commodity chemicals from cellulosic biomass and ethylene. The first commodity chemical Micromidas is addressing is para-xylene, the primary feedstock in the manufacturing of polyethylene terephthalate (PET) and polyester. What started as a college project quickly turned heads in the industry, with the five students winning the coveted EPA P3 award and subsequent grant money that allowed them to commercialize their research. Facing the end of their college careers, the students …
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