NASA’s Small Investments in Small Businesses Pay Big Dividends

Grand Prismatic Spring in Yellowstone National Park. Sustainable Bioproducts, a previous recipient and NASA STTR funding, uses extremophile organisms from volcanic springs to create edible proteins. (Credits: Jim Peaco/National Park Service)

GREENBELT, Md. (NASA PR) — In 2013, a startup company had an idea for using extremophile organisms from volcanic springs to create edible proteins that would serve as an environmentally conscious alternative to meat-based proteins.

Following a handful of small investments from government agencies, including a $124,000 Small Business Technology Transfer (STTR) contract from NASA, Sustainable Bioproducts announced in early 2019 it received $33 million in venture capital financing, including backing from two of the world’s biggest food and agriculture companies.

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