A bioscience Ames startup that produces renewable fuels has received a significant loan.
Ames’ Rise Energy was awarded a $50,000 Proof of Commercial Relevance loan from the Iowa Economic Development Authority Board on Jan. 19. The Story County company was one of six startups to receive money, including businesses in cities like Des Moines and Iowa City.
Rise Energy is commercializing a modular system that can deploy technology converting biomass into liquid renewable fuels and biochar, improving soil productivity and sequestering carbon.
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