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21Ventures, LLC
Advanced Hydro Inc., an Austin Based Startup, Raises Seed Capital to Commercialize Anti-Fouling Dopamine Technology for Water Filtration Membranes
January 23rd, 2009
Advanced Hydro Inc., an Austin based startup, announced that it has successfully raised US$0.5 million seed investment from Quercus Trust and 21 Ventures. It has also concluded licensing terms for Dopamine Technology from The University of Texas. Now, the company is in the process of setting up pilots to demonstrate the value of this technology in the field. “Dopamine technology has shown great potential for alleviating fouling in membrane based water filtration systems,” said Prof. Benny Freeman, the Kenneth A. Kobe and Paul D. & Betty Robertson Meek and American Petrofina Professor of Chemical Engineering at The University of Texas at Austin. This versatile technology...
Source: Health Business Week (2009-01-23)
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