About BioLargo Water
BioLargo Water enjoys ongoing support from the extensive resources of its parent company, BioLargo Inc. as well as its sister company, BioLargo Engineering Science and Technologies, in support of the development and commercialization of the AOS. We've received two million dollars ($USD) in financial support from innovation-centric public agencies in Canada and the US, including the Metropolitan Water District of Southern California, the world's leading provider of drinking water. We've been awarded more than 70 grants for the development and commercialization of water treatment technology, and our process has been validated through field pilots in the poultry, brewing, and stormwater industries.
History
BioLargo Water was founded in 2014 by AOS inventor Kenneth R. Code, BioLargo Water President Richard Smith, with investment and resources from its parent company BioLargo, Inc. led by CEO Dennis P. Calvert. BioLargo Water, Inc. "BioLargo Water", is an Alberta-based Canadian corporation headquartered at Agri-Food Discovery Place located on campus at the University of Alberta in Edmonton. BioLargo Water holds the world-wide exclusive license from BioLargo, Inc., to commercialize the Advanced Oxidation System (AOS) clean water technology. BioLargo Water, Inc. is a wholly-owned subsidiary of BioLargo Water Investment Group, Inc. ("BWIG").
Since its formation, BioLargo Water has assembled a team of water treatment and technology experts from diverse technical backgrounds. Our passionate team includes PhD scientists, professional engineers, technicians, and top business development professionals. It also enjoys the ongoing support from the extensive resources of its parent company as well as its sister company, BioLargo Engineering Science and Technologies.
BioLargo Water has received significant financial support from innovation-centric Canadian government agencies like NRC-IRAP and NSERC, and has to-date been awarded more than 70 grants and financial support programs for development and commercialization of the AOS, with more than 20 industry and academic collaborators from around the world. It also has enjoyed financial support for demonstration pilot projects from the leading supplier of drinking water globally, the Metropolitan Water District of Southern California through its Innovative Conservation Program "ICP".
Agri-food Discovery Place, University of Alberta
About BioLargo Water Investment Group, Inc. ("BWIG"), the Parent Company
BioLargo Water Investment Group, Inc. is the parent company of BioLargo Water, Inc., and holds 100% of the shares in the company.
BioLargo, Inc., the parent company of BWIG, initially holds 100% of the shares of BioLargo Water Investment Group, Inc. This structure will facilitate a vehicle in which investors will be able to invest along-side BioLargo to advance BioLargo Water through its piloting work and into commercialization. The structure is organized to preserve BioLargo Water's valuable Canadian status in order to encourage and maximize its ongoing financial support from its various federal sources of funding in Canada.
About BioLargo, Inc.
BioLargo, Inc. is the parent company of BioLargo Water Investment Group, Inc. BioLargo, Inc. is an innovative technology developer and environmental engineering company driven by a mission to “make life better” by delivering robust, sustainable solutions for a broad range of industries and applications, with a focus on clean water, clean air, and advanced wound care.
BioLargo Water has operated as a wholly-owned subsidiary of BioLargo, Inc., with BioLargo providing all of the historical equity-based investments since inception now totaling more than $4 million USD.
Academic Grant Policy
Indirect/overhead costs are a necessary part of an organization’s operations and that the organization will be compensated for this overhead as part of a contribution agreement. The objective of this policy is to inform Universities and Colleges on how BioLargo Water will contribute towards their indirect/overhead costs when they enter into a contribution agreement. The policy provides direction to determine which costs are eligible for compensation. It aims to ensure uniformity of application in order to be fair to all organizations.
It is the policy of BioLargo Water to ensure that a contribution towards an organization’s indirect/overhead costs are part of any research agreement for the period covered by their contribution agreement.
For non-Tri-agency grants, a maximum fixed overhead compensation rate of 20%, applicable to BioLargo Water's contribution toward the direct program/project costs eligible for the application of the overhead compensation rate OR the University's/College's stated policy overhead compensation rate, whichever is lower.
For Tri-Agency grants (i.e., SSHRC, NSERC, and CIHR). It is recognized that the Canadian federal government directly supports the indirect costs of research funded by the National Granting Councils (Tri-Agencies) and Networks of Centres of Excellence (NCE) through the federal Research Support Fund grant. Canadian universities receive an annual grant to contribute towards their indirect costs of research based on the average level of funding over the previous three years from those sources (averaging 22-25% of total funding). Under this program, it is deemed that the University/College already receives overhead. Therefore, for eligible Tri-agency grants covered by the Research Support Fund, the overhead rate on BioLargo Water's contributions shall be 0%. Indirect costs should not be included in individual grant applications to the Tri-Agencies programs that are covered under the Research support fund.