LiveGrow Bio Shines at MassChallenge Switzerland 2023 Awards
Lausanne, Switzerland, October 27, 2023 - LiveGrow Bio, a pioneering microbial fermentation and formulation company, was honored as a Platinum Prize winner at the prestigious MassChallenge Switzerland 2023 Awards Ceremony. The event, held in Lausanne and broadcast worldwide, celebrated innovative startups contributing to greenhouse gas reduction and sustainable solutions.
LiveGrow Bio secured the Platinum Prize of CHF 100,000 for its groundbreaking technology that manufactures microbes into agricultural biopesticides and biostimulants. The company's products achieve cost parity with chemical alternatives while boasting an impressive shelf life of over two years at room temperature[6].
In addition to their Platinum Prize win, LiveGrow Bio was recognized as a top 6 finalist for the Louis Dreyfus Company (LDC) Climate Resilience Prize, standing out among more than 1,200 competing companies. This achievement further underscores the company's potential to drive significant change in sustainable agriculture.
The 2023 MassChallenge Switzerland Awards distributed a total of CHF 400,000 in equity-free cash prizes among 12 early-stage startups. The Diamond Prize of CHF 120,000 was awarded to Impossible Materials for their plant-based formulation ingredients[6].
Matt Lashmar, Managing Director of MassChallenge Switzerland, commented on the event's success: "This year's results are a testament to the power of collaboration between startups and industry experts. With 58% of startups exceeding their initial accelerator objectives, we're seeing real progress in the pursuit of reduced emissions and societal benefits[8]."
Since its inception in 2016, MassChallenge Switzerland has accelerated over 720 startups, which have collectively raised more than CHF 1.2 billion in funding and created over 50,000 jobs[8].
LiveGrow Bio's recognition at this event highlights the growing importance of sustainable agricultural solutions in addressing global challenges. As the company continues to develop its innovative microbial products, it is poised to make a significant impact on the future of farming and environmental sustainability.
For more information about LiveGrow Bio and its revolutionary technology, visit www.livegrowbio.com.
Sources
[1] LiveGrow Bio https://livegrowbio.com
[2] Sustainable Food Solutions Challenge 2023: the 6 Winners will pitch in person for the Final - MassChallenge https://masschallenge.org/news/sustainable-food-solutions-challenge-2023-the-6-winners-will-pitch-in-person-for-the-final/
[3] MassChallenge Switzerland Announce the Top 3 winners of the Sustainable Food Systems Challenge - MassChallenge https://masschallenge.org/news/masschallenge-switzerland-announce-the-top-3-winners-of-the-sustainable-food-systems-challenge/
[4] LiveGrow Bio and IALR's Plant Endophyte Research Center Partner ... https://www.ialr.org/livegrow-bio-and-ialrs-plant-endophyte-research-center-partner-on-microbial-biological-solutions-for-growers-and-agribusiness/
[5] Sustainable Food Solutions Challenge 2023: the 6 Winners will ... https://www.linkedin.com/pulse/sustainable-food-solutions-challenge-2023-6
[6] MassChallenge Switzerland Awards 2023 https://masschallenge.org/news/masschallenge_switzerland_awards_2023/
[7] MassChallenge Switzerland Celebrates 2023 Winners and Unveils LDC Climate Resilience Prize Laureate https://www.linkedin.com/pulse/masschallenge-switzerland-celebrates-2023-winners-3ds3f
[8] MassChallenge Switzerland 2023 Winners shine in Lausanne https://www.startupticker.ch/en/news/masschallenge-switzerland-2023-winners-celebrated