Oberon FMR Wins Top Prize at BioWest 2008 Venture Showcase C...(terms but can also extend towards less e...)

Date:12/9/2008

terms, but can also extend towards less easily quantified, though meaningful benefits. These benefits include: 1) elimination of hard costs associated with digestion and transportation of solids generated during wastewater treatment, 2) avoidance of soft costs such as possible exposure to negative public relations for off-site transport of biologically active material, 3) increased wastewater treatment capacity through the elimination of solids digestion, and 4) improved public perception with respect to corporate stewardship and sustainability.

Initially, the group received a National Science Foundation grant of over $1M with collaborators at the Colorado School of Mines, the University of Colorado, and Yale University . The company then attracted a Series A offering at $900,000. According to Seth Terry , "The BioWest award comes at a crucial time for Oberon as we work to stimulate more investor interest for our Series B offering."

The annual BioWest Conference works to generate venture capital investors for bioscience companies, launched in 2002, is sponsored by t
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