Mr. Afeyan Goes to Washington
Noubar Afeyan, managing partner and CEO of Flagship Ventures, was in Washington D.C. yesterday, to pick up an honor on behalf of portfolio company LS9. It's called the Presidential Green Chemistry Challenge Award, and LS9 won the "small business" category for its technology to produce hydrocarbon-based biofuels and chemicals. I spent a few minutes on the phone with Afeyan, just after the ceremony wrapped up: peHUB: What, from a business prespective, did this award mean to LS9? Afeyan: Well, the award is recognizing substanstial innovation in making a greener version of chemicals and fuels. From a business standpoint, that's precisely what LS9 has enabled -- allowing our partners to use sugar as the starting raw materials for fuels rather than petroleum.
