The company came out of research work done at Carnegie Mellon from 1997 to 2003, attempting to mimic natural processes. The idea was to create technologies based on biological processes like tissue growth. It's now a company affiliated with the University of Toronto and based in that city. It is, however, distributed geographically with some work being done in Germany and France.
Biomimetics' core staff of nine includes a mix of engineers, mathematicians, and people in the physical and biological sciences. They have, among other things, developed a microchip that mimics the insect melanophila acumainata's ability to detect fires from 50km.
Interestingly, they're organized as a cooperative and their work unit is affiliated with the I.W.W.