Gen3Bio, Inc. was incorporated under the laws of the State of Nevada on July 25, 2014 with the assistance of Libra6 Management, and is engaged in the business of developing technologies to transform algae and other feedstocks into biofuels, bioplastics, and other specialty chemicals, proving those technologies, and either licensing those technologies to other producers, or using those technologies to produce biofuels, bioplastics, and other specialty chemicals in-house. New technologies to transform algae into biofuels and bioplastics are important to enhance research on non-food crops as G3B expects a surge in demand for bioplastics in future years, thus potentially creating pressure on food crops. Algae is the first non-food crop project on which we are focusing, and our R&D department is contemplating the development of additional non-food crop-based materials in future years.
Management of G3B is in the process of negotiating a license and development agreement with the University of Toledo (the “University”) to acquire joint development and marketing rights to algae-based technologies and develop those technologies in University facilities, but we may be unable to do so, and we have not yet acquired any patent rights relating to those technologies. We have conducted research at the University to develop our technologies and have applied for grant funding to fund additional research and development efforts. However, we are a development stage company with no current revenue-generating operations, products, intellectual property or other assets, and we anticipate generating losses for the next twelve months. During that period of “gestation” Libra6 served as an incubator and assisted the Company to go through the going public process and successfully obtained the SEC to grant a Notice of Effectiveness in March 2015.


The mission of Libra6 ended up at that time.