{"data":{"type":"company_profile","id":109963,"entity_id":"wefunder:company:109963","attributes":{"canonical_url":"https://wefunder.com/azolla","generated_at":"2026-06-20T13:27:44Z","updated_at":"2026-06-20T05:00:49Z","entity_ids":{"company":"wefunder:company:109963","slug":"wefunder:company_slug:azolla"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-20T13:27:44Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-20T05:00:49Z","as_of":"2026-06-20T13:27:44Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-20T05:00:49Z","as_of":"2026-06-20T13:27:44Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2026-03-17T17:59:32Z","as_of":"2026-06-20T13:27:44Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2026-03-17T17:59:32Z","as_of":"2026-06-20T13:27:44Z","confidence":"medium"}}},"company":{"id":109963,"entity_id":"wefunder:company:109963","slug":"azolla","name":"Azolla, Inc.","tagline":" Turning CO2 into valuable products ","elevator_pitch":"Addressing the climate crisis, while maintaining economic growth, is a huge challenge. Azolla’s mission is to turn CO2 into an opportunity that capitalizes on waste, creating a solution that is sustainable in a way of generating profits as well as protecting the environment. Our revolutionary technology leverages proprietary photosynthetic cells that use only the fundamentals of life - CO2, light and water - to generate a sustainable performance biomaterial to make carbon negative textiles.","story":"Forward-looking statements are not guaranteed.Forward-looking projections are not guaranteed.","location":"Oakland, CA","website":"https://www.azolla.tech/","total_amount_raised":94604,"total_investors":59,"is_funded":true,"is_active":true,"quality_score":3,"related_urls":["https://wefunder.com/azolla","https://www.azolla.tech/"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/109963/xxl_blob.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/109963/large_blob","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/109963/standard_blob.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/109963/standard_blob.jpg"},"links":{"company_url":"https://www.azolla.tech/"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"Accelerating transition to net-zero economy by turning COs into biomaterials for everyday products"},{"index":2,"claim_id":"claim-fact-2","value":"Addressing urgent needs to reduce carbon emissions and combating plastic pollution simultaneously"},{"index":3,"claim_id":"claim-fact-3","value":"Enabling fashion brands to meet their net-zero goals without sacrificing profitability"},{"index":4,"claim_id":"claim-fact-4","value":"Each pound of our biodegradable material removes 3 pounds of CO2 from the air"},{"index":5,"claim_id":"claim-fact-5","value":"Inspiring companies to replace plastics with biodegradable options for a better future"},{"index":6,"claim_id":"claim-fact-6","value":"CEO with 20+ years in textile industry gives us an inside track to manufacturing pipeline"},{"index":7,"claim_id":"claim-fact-7","value":"Creating carbon-negative sustainable alternatives for the trillion-dollar textile market"},{"index":8,"claim_id":"claim-fact-8","value":"Azolla’s biomanufacturing platform is designed to evolve industries and drive consumer demand"}],"team":[{"id":2560891,"entity_id":"wefunder:company_role:2560891","user_entity_id":"wefunder:user:2545105","role":"founder","name":"Lubica Hanacek","title":"CEO","bio":"Ring Leader. 20+ years of experience in the textile industry including leading positions in strategic business development, supply chain management and product design at Levi’s, Target, and Bed Bath \u0026amp; Beyond.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2560891/square_cropped_Screen_Shot_2022-03-04_at_4.52.04_PM.jpg?1699565860","profile_url":"https://wefunder.com/lubica.hanacek","linkedin_url":"https://www.linkedin.com/in/lhazolla/","related_urls":["https://wefunder.com/lubica.hanacek"]},{"id":2567623,"entity_id":"wefunder:company_role:2567623","role":"founder","name":"Milan Hanacek","title":"CTO","bio":"Bioarchitect. 20+ years of experience scaling ideas in megaprojects. Development leader of $1.4B project at AECOM, key developer of engineering and industrial production facilities on two continents at Bechtel.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2567623/square_cropped_Mili_2020-2a.jpg?1699565860","linkedin_url":"https://www.linkedin.com/in/mqhazolla/","related_urls":[]},{"id":4052810,"entity_id":"wefunder:company_role:4052810","role":"employee","name":"Dan Robertson, PhD","title":"Chief Scientific Advisor","bio":"Science pro. 30+ years of experience in biotech, from start-up to commercialization. Former CSO and Chairman of Executive Technical Committee at Joule; VP of Biofuels R\u0026amp;D at Diversa. PhD in Biochemistry. 24 patents and 70 publications.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/4052810/square_blob.jpg?1699565860","related_urls":[]}],"featured_investors":[],"investor_memos":[],"tab_counts":{"posts":13,"ask_questions":14,"featured_investors":0,"faq_entries":5},"active_fundraises":[{"id":59085,"entity_id":"wefunder:fundraise:59085","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":250,"max_purchase":9,"funding_target":50000.0,"minimum_target":"50000.0","maximum_target":"124000.0","funding_started_at":"2023-11-10T02:16:49Z","funding_closed_at":"2024-12-14T05:01:07Z","auto_close_at":"2024-12-14T04:59:59Z"},{"id":60473,"entity_id":"wefunder:fundraise:60473","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"equity","currency":"USD","testing_the_waters":true,"min_purchase":250,"max_purchase":9,"funding_target":124000.0,"minimum_target":"50000.0","maximum_target":"124000.0","funding_started_at":"2022-03-25T23:53:15Z"}],"latest_fundraise":{"id":59085,"entity_id":"wefunder:fundraise:59085","state":"successful","offering_type":"4(a)(6)","structure":"safe","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2023-11-10T02:16:49Z","funding_closed_at":"2024-12-14T05:01:07Z","terms":{"eb":null,"nb":"$5M","txt":"valuation cap"}},"recent_posts":[{"id":184411,"entity_id":"wefunder:feed_item:184411","type":"FeedItem::Update","visibility":"public","title":"Progress on Azolla’s Genetically Engineered Bacterial Strain for Nanocellulose Production","preview":"We are pleased to share a progress update from the collaborative effort between Azolla, Inc. and the Agile BioFoundry teams at Argonne (ANL) and Oak Ridge (ORNL) National Laboratories. Now at the halfway mark of a two-year DOE-funded project—complemented by investor support—the teams are advancing rapidly toward key milestones in strain development for next-generation materials.In the first year, high-throughput DNA assembly and strain engineering efforts have yielded a host bacterial strain ...","published_at":"2025-08-05T16:44:09Z","author_name":"Lubica Hanacek","url":"/feed/184411","canonical_url":"https://wefunder.com/feed/184411"},{"id":178178,"entity_id":"wefunder:feed_item:178178","type":"FeedItem::Update","visibility":"public","title":"Time is Running out","preview":"Well, here we are at the end. Over the last few months, the response to our community round has been very encouraging. We've heard from people all around the globe. It was clear to us before, but it seems even more obvious now: people want to support bold solutions to today's most pressing climate challenges: CO2 emissions and plastic pollution. And if you haven't jumped on the bandwagon, this is your last chance. For all those who have invested so far, THANK YOU!Milan and Lubica","published_at":"2024-12-13T01:07:01Z","author_name":"Lubica Hanacek","url":"/feed/178178","canonical_url":"https://wefunder.com/feed/178178"},{"id":178033,"entity_id":"wefunder:feed_item:178033","type":"FeedItem::Update","visibility":"public","title":"Founder's Story","preview":"Azolla: The Tiny Fern Inspiring a Materials Revolution\u0026nbsp;Azolla is named after the Azolla event that happened 50 million years ago when the levels of CO2 were extremely high, and the future of our planet was bleak. A tiny fern called Azolla came to the rescue and sucked the carbon dioxide out of the air, slowly creating a climate where life could thrive.\u0026nbsp;Azolla is an early-stage startup with 2 founders Lubica and Milan Hanacek based in Oakland, California.\u0026nbsp;Invention story:\u0026nbsp;A...","published_at":"2024-12-07T16:34:30Z","author_name":"Lubica Hanacek","url":"/feed/178033","canonical_url":"https://wefunder.com/feed/178033"},{"id":177872,"entity_id":"wefunder:feed_item:177872","type":"FeedItem::Update","visibility":"public","title":"Azolla’s Mission to Build a Sustainable Future","preview":"At Azolla, our mission is clear: we’re turning carbon emissions into solutions. By transforming CO2 into biodegradable materials, we aim to replace plastics and empower industries to meet sustainability goals without compromising on performance or profitability.The ProblemPlastic pollution is choking our planet, and traditional manufacturing processes are deeply tied to fossil fuels. Every year, millions of tons of CO2 are released into the atmosphere, exacerbating climate change. Industries ...","published_at":"2024-12-02T21:17:44Z","author_name":"Lubica Hanacek","url":"/feed/177872","canonical_url":"https://wefunder.com/feed/177872"},{"id":177668,"entity_id":"wefunder:feed_item:177668","type":"FeedItem::Update","visibility":"public","title":"Imagine World Beyond Plastics","preview":"Register here","published_at":"2024-11-22T23:33:43Z","author_name":"Lubica Hanacek","url":"/feed/177668","canonical_url":"https://wefunder.com/feed/177668"},{"id":177532,"entity_id":"wefunder:feed_item:177532","type":"FeedItem::Update","visibility":"public","title":"Fighting Microplastics: Azolla’s Biodegradable Solution","preview":"Recent studies reveal alarming levels of microplastics in humans, found in blood, lungs, and even placentas. These particles, stemming from traditional plastics, pose serious health risks, from inflammation to hormonal disruption. It’s clear: the longer we rely on plastics, the greater the harm to people and the planet.At Azolla, we’re tackling this crisis by transforming CO2 into biodegradable, carbon-negative materials. Unlike traditional plastics that break into harmful microplastics, our ...","published_at":"2024-11-16T00:34:28Z","author_name":"Lubica Hanacek","url":"/feed/177532","canonical_url":"https://wefunder.com/feed/177532"},{"id":176342,"entity_id":"wefunder:feed_item:176342","type":"FeedItem::Update","visibility":"public","title":"Future of Fashion","preview":"We are excited to share that our co-founder and CEO lubica will be joining an expert panel to discuss sustainable practices in the fashion industry at the Future of Fashion Conference in San Francisco on October 3rd! 🌿✨ As someone passionate about innovative solutions such as converting CO2 into biodegradable materials, she is thrilled to explore how we can reduce waste, create eco-friendly alternatives, and shape a more sustainable future for fashion. Stay tuned for insights and inspiration!...","published_at":"2024-09-27T21:28:01Z","author_name":"Lubica Hanacek","url":"/feed/176342","canonical_url":"https://wefunder.com/feed/176342"},{"id":175234,"entity_id":"wefunder:feed_item:175234","type":"FeedItem::Update","visibility":"public","title":"Breaking Through Barriers","preview":"Investor Update:","published_at":"2024-08-14T20:35:00Z","author_name":"Lubica Hanacek","url":"/feed/175234","canonical_url":"https://wefunder.com/feed/175234"},{"id":172539,"entity_id":"wefunder:feed_item:172539","type":"FeedItem::Update","visibility":"public","title":"Lubica will be pitching at SuperCrowd!","preview":"Our CEO Lubica has been selected as one of only 5 founders to pitch at SuperCrowd 24 on April 18th at 2:00PM PST.","published_at":"2024-04-16T19:44:04Z","author_name":"Lubica Hanacek","url":"/feed/172539","canonical_url":"https://wefunder.com/feed/172539"},{"id":170516,"entity_id":"wefunder:feed_item:170516","type":"FeedItem::Update","visibility":"public","title":"Milan discusses Azolla with president of Slovakia","preview":"Azolla's co-founder Milan met with the president of Slovakia Zuzana Čaputova on her visit to the USA and Canada to establish strategic partnerships, this is what she said:\"The experiences of our people abroad can help Slovakia remotely. Through professional networking with state institutions, assistance to entrepreneurs, investments, or transferring know-how in science and research. Entrepreneurs and Slovak professionals working in major companies and perspective here in the USA met with me t...","published_at":"2024-02-07T01:00:14Z","author_name":"Lubica Hanacek","url":"/feed/170516","canonical_url":"https://wefunder.com/feed/170516"},{"id":168468,"entity_id":"wefunder:feed_item:168468","type":"FeedItem::Update","visibility":"public","title":"Lubica Hanacek: Innovating Textiles with CO2 Technology","preview":"Azolla's co-founder and CEO was featured in Founder's Profiles on Kingscrowd. Check it out to learn more about her captivating journey and her vision for restoring the environment by giving consumers textiles that suck harmful carbon right out of the air.","published_at":"2024-01-19T23:01:01Z","author_name":"Lubica Hanacek","url":"/feed/168468","canonical_url":"https://wefunder.com/feed/168468"},{"id":156453,"entity_id":"wefunder:feed_item:156453","type":"FeedItem::Update","visibility":"public","title":"Azolla receives grant from BETO","preview":"Azolla has been awarded $850K in government funding to collaborate with Agile Biofoundry to advance our technology towards a successful completion of proof of concept. This collaboration with the national laboratories will allow us to leverage the brightest scientific minds as well as the use of cutting-edge artificial intelligence and machine learning in synthetic biology and address any problems of production heterogeneity in industrial microbiology.\u0026nbsp;Agile Biofoundry partners include A...","published_at":"2022-09-28T23:24:05Z","author_name":"Lubica Hanacek","url":"/feed/156453","canonical_url":"https://wefunder.com/feed/156453"},{"id":156395,"entity_id":"wefunder:feed_item:156395","type":"FeedItem::Update","visibility":"public","title":"Azolla at Biofabricate Summit","preview":"I was honored to be invited to speak at the Biofabricate Summit 2022 at the Newlabs in Brooklyn and share Azolla's vision for better future with many forward thinking fashion and automotive brands, as well as impact investors. Our technology to make material from CO2 was of intense interest. I am especially trilled about meeting several accomplished scientists from several leading universities in US and Europe who are working on groundbreaking technologies to utilize the extraordinary materia...","published_at":"2022-06-28T17:47:04Z","author_name":"Lubica Hanacek","url":"/feed/156395","canonical_url":"https://wefunder.com/feed/156395"}],"q_and_a":[{"id":289247,"entity_id":"wefunder:comment:289247","question":"Can you share your thoughts on how often you will update us on how things are progressing with your goals and business plan? Secondly, do you intend to file the annual report with the SEC? Thanks for your feedback.","author_name":"Eric L","votes":2,"created_at":"2024-07-31T20:33:33Z","canonical_url":"https://wefunder.com/azolla#question-289247","answers":[{"id":289256,"entity_id":"wefunder:comment:289256","answer":"Thanks Eric, We are planning are updating our investors regularly with any new developments and exciting news. Best, Lubica","author_name":"Lubica Hanacek","votes":1,"created_at":"2024-07-31T21:30:34Z"}]},{"id":268769,"entity_id":"wefunder:comment:268769","question":"Hello, 1) How do you compare to companies like LanzaTech, Rubi Laboratories, and Algaeing? What makes your process or product a better choice? 2) What does end of life look like for your fabric? Is it biodegradable? Thanks","author_name":"Felix Vayssieres","votes":2,"created_at":"2023-11-11T20:42:10Z","canonical_url":"https://wefunder.com/azolla#question-268769","answers":[{"id":268888,"entity_id":"wefunder:comment:268888","answer":"Hello Felix, thanks for asking. Coming from the textile industry, I am really excited that there are bunch of companies working on better material options to satisfy the huge global demand. For years I was responsible for material sourcing so I understand that when making purchasing decisions price is #1 consideration, followed by performance. That's why I believe that Azolla’s simple 3 step process which eliminates the steps (which = cost) associated with upstream and downstream processing has the potential to have a meaningful impact. Our method uses only CO2, light and water to generate natural biomaterial offering economic advantages. Also, the initial TEA has shown that at scale the cost of biomaterial produced by our method will be comparable to today’s commonly used performance materials, and can be a ‘drop-in’ with existing manufacturing processes like spinning without any equipment modifications. At the end of life, the material can be recycled or allowed to decompose, similar to cotton.","author_name":"Lubica Hanacek","votes":1,"created_at":"2023-11-14T01:10:48Z"}]},{"id":297586,"entity_id":"wefunder:comment:297586","question":"Hi, You write on the Overview page, \"We believe we'll need $10M to start generating revenues in 24 months. We project revenue to be $894,688 in 2024 and expenses to be $1,950,696,\" but I assume you wrote that before you even opened this fundraiser only a year ago, yet you speak of two years and 2024 in the same breath. So now that we are at the end of 2024, it seems that you have not raised anywhere near what you need to generate that projected revenue anytime soon. How are your plans going forward from here, since this fundraiser is ending soon? You do state elsewhere that $124K would give you enough to hire a scientist and complete the R\u0026amp;D for proof of concept, so if that's where you're at now, how were you expecting to get to that revenue by now when you hadn't even gotten to proof of concept? Have you at least had any concrete lab results from your photosynthesis process? And if so, why isn't that proof of concept? And if you've already done it, why do you now need a scientist? Is your entire project now only a theoretical idea on paper? Please explain. p.s. I have just seen your new post, perhaps in response to my questions here. You write there that you, \"came up with the idea to genetically engineer a bacterium that could use photosynthesis and produce pure nanocellulose.\" Does that mean that as of now, you have nothing more than \"idea\" that theoretically seems feasible on paper but has never been tried even in a test tube or the likes? Please answer my questions here.","author_name":"Josh S.","votes":1,"created_at":"2024-12-06T18:54:15Z","canonical_url":"https://wefunder.com/azolla#question-297586","answers":[]},{"id":287243,"entity_id":"wefunder:comment:287243","question":"Hi Lubina, What is the nature of the energy,used by the reactor?is it solar powered?,is it very intense in water consumption?,can your textile producing process be considered 100% circular economy ( since your system is a net CO2 negative cycle?","author_name":"Jaime J. AZCONA","votes":1,"created_at":"2024-07-10T12:13:44Z","canonical_url":"https://wefunder.com/azolla#question-287243","answers":[]},{"id":279765,"entity_id":"wefunder:comment:279765","question":"when are you closing the raise? Thanks.","author_name":"Geoff ZHANG","votes":1,"created_at":"2024-03-26T21:09:58Z","canonical_url":"https://wefunder.com/azolla#question-279765","answers":[]},{"id":310914,"entity_id":"wefunder:comment:310914","question":"Hi, can you provide an update to investors please? Thanks much. Tim","author_name":"Timothy Stumpff","votes":0,"created_at":"2025-07-07T08:04:12Z","canonical_url":"https://wefunder.com/azolla#question-310914","answers":[]},{"id":297940,"entity_id":"wefunder:comment:297940","question":"Shame on you for not answering questions. But just in case you have any conscience, here's a repost from last week: You write on the Overview page, \"We believe we'll need $10M to start generating revenues in 24 months. We project revenue to be $894,688 in 2024 and expenses to be $1,950,696,\" but I assume you wrote that before you even opened this fundraiser only a year ago, yet you speak of two years and 2024 in the same breath. So now that we are at the end of 2024, it seems that you have not raised anywhere near what you need to generate that projected revenue anytime soon. How are your plans going forward from here, since this fundraiser is ending soon? You do state elsewhere that $124K would give you enough to hire a scientist and complete the R\u0026amp;D for proof of concept, so if that's where you're at now, how were you expecting to get to that revenue by now when you hadn't even gotten to proof of concept? Have you at least had any concrete lab results from your photosynthesis process? And if so, why isn't that proof of concept? And if you've already done it, why do you now need a scientist? Is your entire project now only a theoretical idea on paper? Please explain. p.s. I have just seen your new post, perhaps in response to my questions here. You write there that you, \"came up with the idea to genetically engineer a bacterium that could use photosynthesis and produce pure nanocellulose.\" Does that mean that as of now, you have nothing more than \"idea\" that theoretically seems feasible on paper but has never been tried even in a test tube or the likes?","author_name":"Josh S.","votes":0,"created_at":"2024-12-12T18:09:41Z","canonical_url":"https://wefunder.com/azolla#question-297940","answers":[{"id":297942,"entity_id":"wefunder:comment:297942","answer":"Hello Josh, Thank you for your questions and feedback. Let me address them clearly: Our initial projections were set early in our journey, and like many startups, our timelines and needs have evolved. Over the past year, we’ve focused on foundational R\u0026amp;D to refine our concept, which is critical for moving toward revenue generation. Regarding proof of concept, we’ve made progress validating the feasibility of genetically engineering bacteria to produce nanocellulose, working with several National Labs, but scientific breakthroughs take time. While our project began as a theoretical idea, it’s grounded in strong science, and we are steadily moving from concept to application.","author_name":"Lubica Hanacek","votes":0,"created_at":"2024-12-12T18:37:23Z"}]},{"id":296995,"entity_id":"wefunder:comment:296995","question":"Hi my name is Robert Powers, I am very interested in investing in project and I am very glad to have found it. But I was just wondering why such a high investment. Minimum.","author_name":"Robert David Powers","votes":0,"created_at":"2024-11-26T19:10:34Z","canonical_url":"https://wefunder.com/azolla#question-296995","answers":[{"id":297002,"entity_id":"wefunder:comment:297002","answer":"Hello Robert, Thank you for reaching out and for your interest in Azolla. We chose a minimum investment of $250 because it aligns with what other companies on Wefunder set as a baseline. After consulting with industry advisors, we determined that this amount is a reasonable starting point for a company operating in climate biomanufacturing. It helps us focus on investors aligned with our mission and the impact we aim to achieve. Please don’t hesitate to reach out if you have any questions or want additional information about our campaign. We truly appreciate your support! Best regards, Lubica","author_name":"Lubica Hanacek","votes":1,"created_at":"2024-11-26T19:39:32Z"}]},{"id":292489,"entity_id":"wefunder:comment:292489","question":"Hi, Do you have or will you have an unfair advantage ? Like patterns for example. Best regards.","author_name":"Hugo A","votes":0,"created_at":"2024-09-17T20:01:12Z","canonical_url":"https://wefunder.com/azolla#question-292489","answers":[]},{"id":292043,"entity_id":"wefunder:comment:292043","question":"Got an amazing project that needs investors? I'm here to help you get the attention and support your campaign deserves! on Wefunder, I'll ensure your campaign reaches the right people to help you achieve your goals. KINDLY CONTACT THROUGH THIS LINK https://shorturl.at/hKkuR","author_name":"Dammy Branding Company","votes":0,"created_at":"2024-09-11T02:21:46Z","canonical_url":"https://wefunder.com/azolla#question-292043","answers":[]},{"id":279374,"entity_id":"wefunder:comment:279374","question":"Hi Lubica, Have you successfully created any product as of now or still is it in just research paper only. What is your plan to compete with existing textile or other fabric market players? Is your technology patented yet? And how much cost effective is your product compared to existing market products? How are you planning to expand your business and market share? And at last what is the way forward to enter into the IPO market??","author_name":"Arghya Chatterjee","votes":0,"created_at":"2024-03-22T03:21:16Z","canonical_url":"https://wefunder.com/azolla#question-279374","answers":[{"id":279433,"entity_id":"wefunder:comment:279433","answer":"Hello Arhgya, let see if I can answer all of your questions: 1) we are at the lab stage, completing proof-of-concept; 2) textile is a huge market and many manufactures and brands are desperately looking for alternatives to today's options, so there is room for many players. I spent years in the industry, so have quite a few contacts that are ready to work with Azolla once we are at the pilot stage. Because our process is very simple and our only feedstock is CO2, the initial TEA shows that, at scale, the price of our carbon-negative material will be able to compete with current textiles. We are planning on licensing our technology to existing textile manufacturers and also to other industries that are currently using plastics and cellulose derived from wood. Our exit strategy is that, if and when we are ready, one of these companies may be interested in acquiring Azolla or we may consider IPO if that is more advantageous. Hope that I answered all of your questions and that you will find our technology compelling enough that you will join the team of our supporters.","author_name":"Lubica Hanacek","votes":1,"created_at":"2024-03-22T17:41:02Z"}]},{"id":272639,"entity_id":"wefunder:comment:272639","question":"Do you already have the bacterium created? Has any initial testing been done on the industrial process required for extracting the created fibers from the photobioreactor? I am interested in what the tangible next steps are with the funding.","author_name":"William Stubbs","votes":0,"created_at":"2023-12-26T17:33:37Z","canonical_url":"https://wefunder.com/azolla#question-272639","answers":[]},{"id":268764,"entity_id":"wefunder:comment:268764","question":"What can you divulge re patents?","author_name":"Brian Smolens","votes":0,"created_at":"2023-11-11T19:46:59Z","canonical_url":"https://wefunder.com/azolla#question-268764","answers":[{"id":268885,"entity_id":"wefunder:comment:268885","answer":"Hello Brian, great question! We are working on a provisional patent. Our IP strategy includes filing for multiple patents as we progress through POC and into production phases.","author_name":"Lubica Hanacek","votes":0,"created_at":"2023-11-14T00:51:35Z"}]},{"id":268603,"entity_id":"wefunder:comment:268603","question":"What is your cash on hand and burn rate?","author_name":"Matthew H","votes":0,"created_at":"2023-11-10T00:52:55Z","canonical_url":"https://wefunder.com/azolla#question-268603","answers":[]}],"faq":[{"question":"What can you divulge re patents?","answer":"Hello Brian, great question! We are working on a provisional patent. Our IP strategy includes filing for multiple patents as we progress through POC and into production phases."},{"question":"Hello, 1) How do you compare to companies like LanzaTech, Rubi Laboratories, and Algaeing? What makes your process or product a better choice? 2) What does end of life look like for your fabric? Is it biodegradable? Thanks","answer":"Hello Felix, thanks for asking. Coming from the textile industry, I am really excited that there are bunch of companies working on better material options to satisfy the huge global demand. For years I was responsible for material sourcing so I understand that when making purchasing decisions price is #1 consideration, followed by performance. That's why I believe that Azolla’s simple 3 step process which eliminates the steps (which = cost) associated with upstream and downstream processing h..."},{"question":"Hi Lubica, Have you successfully created any product as of now or still is it in just research paper only. What is your plan to compete with existing textile or other fabric market players? Is your technology patented yet? And how much cost effective is your product compared t...","answer":"Hello Arhgya, let see if I can answer all of your questions: 1) we are at the lab stage, completing proof-of-concept; 2) textile is a huge market and many manufactures and brands are desperately looking for alternatives to today's options, so there is room for many players. I spent years in the industry, so have quite a few contacts that are ready to work with Azolla once we are at the pilot stage. Because our process is very simple and our only feedstock is CO2, the initial TEA shows that, a..."},{"question":"Can you share your thoughts on how often you will update us on how things are progressing with your goals and business plan? Secondly, do you intend to file the annual report with the SEC? Thanks for your feedback.","answer":"Thanks Eric, We are planning are updating our investors regularly with any new developments and exciting news. Best, Lubica"},{"question":"Hi my name is Robert Powers, I am very interested in investing in project and I am very glad to have found it. But I was just wondering why such a high investment. Minimum.","answer":"Hello Robert, Thank you for reaching out and for your interest in Azolla. We chose a minimum investment of $250 because it aligns with what other companies on Wefunder set as a baseline. After consulting with industry advisors, we determined that this amount is a reasonable starting point for a company operating in climate biomanufacturing. It helps us focus on investors aligned with our mission and the impact we aim to achieve. Please don’t hesitate to reach out if you have any questions or ..."}]}}}