Ecosummit TV: Martin Mohr passionately pitches the Austrian algae startup Ecoduna at Ecosummit Düsseldorf 2012. Founded in 2009, Ecoduna is one of the cleantech startups pioneering the algae business in Europe. Their ultimate goal is price competitive algae-based biofuel which they plan to reach within 5 to 8 years. Until then, the pharmaceutical industry is a potential buyer of algae products. Vattenfall in Germany is one of Ecoduna’s pilot customers. The Austrian startup received €2M public funding and patiently looks for €5M to €10M venture capital from strategic investors.

The ECO12 Düsseldorf presentation slides of Martin are available as PDF.

Tags: Algae, Austria, Biofuel, Biomass, Cleantech Startup, ECO12 Duesseldorf, Ecoduna, Ecosummit TV, Martin Mohr, renewable energy, startup, Transportation, Vienna