EcoBean, supported by EIT InnoEnergy, which has developed groundbreaking technology to process spent coffee grounds into low-carbon raw materials, has been awarded the prestigious LDC Climate Resilience Prize during the MassChallenge Switzerland Awards ceremony, along with a check for 100,000 CHF. EcoBean also received a 10,000 CHF award and the title of “Gold Winner” in the MassChallenge Switzerland program.
The LDC Climate Resilience Prize, awarded by Louis Dreyfus Company with support from MassChallenge, recognizes startups with the greatest potential for positive climate impact in the food and agriculture sectors, with over 700 companies competing for the prize this year.
MassChallenge Switzerland is a renowned acceleration program for startups focused on sustainability, co-created by partners such as LDC, Nestlé, Givaudan, Bühler, Omya, Puratos, and DSM-Firmenich, who seek innovations ready to be implemented in their organizations.
For EcoBean, this award confirms that their solution provides tangible benefits for the environment and addresses real business needs. EcoBean fully utilizes the potential of spent coffee grounds, a rich biomass produced by the coffee industry at a rate of 12 million tons annually. EcoBean’s technology processes these grounds into five fractions of bio-based ingredients coffee oil, antioxidants, lignin, PLA, and protein additives, which serve as low-emission alternatives in the cosmetics, food, pharmaceutical, packaging, and animal feed industries. The company estimates that it could help avoid up to 9 million tons of CO2e emissions annually.