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Molds are a group of fungi called  Hyphomycetes , which are chracterized with having filamentous hyphae, and producing airborne spores or conidia (asexual propagules). In nature, molds are decomposers to recycle nature's organic wastes. In medicine, they are the producers of antibiotics. Fungi are a glomeration of organisms in a separate taxanomic kingdom, in which they differ from Monera (Bacteria), Protista (single-cell eucaryotes mostly), Plants and Animals.
What is the difference between Mold and Mildew? Mildew refers to certain kinds of mold or fungus. The term mildew is often used generically to refer to mold growth, usually with a flat growth habit. Molds include all species of microscopic fungi that grow in the form of multicellular filaments, called hyphae.