University Of Alaska Anchorage: UAA Startup Wins Young Entrepreneur Award In Norway

Press release from the University of Alaska Anchorage:

May 25, 2021

On April 21, UAA chemistry major Michael Martinez was awarded the 2020 High North Young Entrepreneur Award during the High North Dialogue Conference in Bodø, Norway, along with a money prize
of 50,000 NOK (5,800 USD) for his startup Arctic Biotech Oath (ABO).

“I’m very honored and appreciative to receive this award,” said Martinez, who is of
both Yupik and Otomi descent with ties to the village of Kotlik. “Being indigenous
to Alaska, it shows that we are able to have these ideas that are able to drive the
future of green extractions and green biotechnology. As for Arctic Biotech Oath, hopefully
this brings a new green industry to Alaska that would include new opportunities, new
facilities and a new job market that is able to help Alaska grow.”

ABO is a biotechnology startup focused on the green extraction of rare earth elements
in circumpolar north countries. Consisting of 17 metals and projected to grow from a $2.98 billion industry to $15.65 billion by 2030, rare earth elements are
used in everything from medical equipment to military defenses, and perhaps most importantly,
everyday mobile devices.

To safely mine these metals, ABO utilizes lab-grown microorganisms that originate
from naturally occurring bacteria and fungi to maintain the pH of freshwater. By contrast,
conventional extractions implement chemicals such as cyanide that can lead to irreparable
damage to an ecosystem and its surrounding communities.

While Martinez always knew he’d use his passion for science to benefit Alaska and
the Arctic, the research that would inspire ABO did not begin until he joined Brandon
Briggs’ lab.

"Michael is extremely bright and motivated to help Alaskans and I’m so glad to be
part of his journey,” said Briggs, Ph.D., associate professor of biological sciences
and director of Advanced Instrumentation in Microbiome Studies. “One of the greatest
joys of mentoring is watching your mentees grow and overcome obstacles. He has a very
bright future ahead of him."

Selected from 18 submissions from the United States, European Union, China and Russia
representing industries including information technology, tourism and oceanography,
the jury evaluated submissions based on how they impact the North, the quality of
the application and presented business plan, and the uniqueness and originality of
the idea.

“This is a project with a huge potential to create value, and I am impressed with
both the creativity behind and the technology of this project,” said Frode Mellemvik,
Ph.D., director of the High North Center. “Michael is an excellent High North Young
Entrepreneur and I wish him all good luck in the continuation of developing this important
project that is absolutely in line with the green-shift that is needed in much of
the industry.”

Looking ahead, Martinez has already planned out his next steps for ABO, including
establishing a headquarters, raising capital, building a team and more.

“Now is a pretty exciting time to get this going,” said Martinez. “But also looking
to future capabilities, in 20 years or so as more developments head into space, perhaps
we'd also be able to bring the biotechnology for cleaner extractions to different
planets. For comparison, the Arctic has harsh conditions and some planets have those
similar characteristics. I’m always thinking of the future directions of where we
can go and where we will go.”

This press release was produced by the University of Alaska Anchorage. The views expressed here are the author’s own.