Energy Globe Awards Top Honors to Ecovative for Category Earth

On February 4, 2014, Ecovative proudly accepted the Energy Globe Award in a ceremony in Salzburg, Austria. The competition includes 161 nations competing for awards in 5 categories: Earth, Fire, Water, Air and Youth. As the only project representing the United States, Ecovative was awarded the international prize for the Earth category, with other category finalists presenting projects from India, China, and Uzbekistan.

Ecovative’s Vice President of Business Development, Joe Risico, attended the prize ceremony, which was hosted by the Austrian Broadcasting Company and streamed live to the global public. The award’s recognition also includes a 10,000 Euro monetary prize and a trophy.

“We are honored to showcase Mushroom Materials at Energy Globe and to have won this prestigious award in the company of many other worthy applicants,” Risico said. “This recognition validates our belief that we are changing the planet for the better.”

Ecovative Vice President of Business Development Joe Risico (right) accepts the award from Anil Gupta. The Earth category seeks projects that provide conservation and sustainable solutions for responsible use of natural resources, including topics such as buildings, energy, and traffic. Image provided by Energy Globe.

Ecovative Vice President of Business Development Joe Risico (right) accepts the award from Anil Gupta. The Earth category seeks projects that provide conservation and sustainable solutions for responsible use of natural resources, including topics such as buildings, energy, and traffic. Image provided by Energy Globe.

During the ceremony, Ecovative was especially acknowledged for its commitment to ultra rapid renewable materials.

“Using renewable raw materials instead of petroleum products paves the way for sustainability,” said Professor Anil Gupta, Vice Chairman of National Innovation Fund India, who presented the award on Tuesday evening.

The Energy Globe competition, also known as “The World Award for Sustainability,” seeks to recognize individuals and organizations who are helping build the sustainable world of tomorrow.

About Energy Globe: “The ENERGY GLOBE Award is today’s most prominent environmental prize worldwide. It distinguishes projects regionally, nationally, and globally that conserve resources such as energy and utilize renewable or emission-free sources.” For more information, visit http://www.energyglobe.info.

 

Ecovative Raises Over $14 Million of Equity Capital

Green Island, NY, November 5, 2013 – Ecovative Design LLC, a Green Island, New York-based company, announced today that it has raised over $14 million in equity financing from new and existing investors, including existing investors the DOEN Foundation and 3M Company. Terms were not disclosed.

Ecovative uses its patent protected mycelium-based technology to grow 100% home-compostable, cost and performance competitive composites that replace plastic foams currently used in products such as protective packaging, automotive components, building and construction materials, shoes, and floral foam, among other applications. In addition, Ecovative has leveraged its mycelium expertise to develop a high performing, cost competitive and lighter weight engineered wood replacement that eliminates the need for expensive and toxic glues currently used in existing engineered wood products.

“Ecovative has taken a disruptive concept for growing cost effective bio-materials and developed an award-winning product, Mushroom® Packaging,” said Eben Bayer, CEO and Co-Founder of Ecovative. “As we continue to scale this technology in the U.S. with our licensing partner Sealed Air, we look forward to opening our material platform to multiple new markets, including building materials, automotive components, and structural cores. Ecovative is extremely proud of our investors, who are supporting our vision and represent a unique shareholder mix of both mission and profit oriented stakeholders.”

Ecovative, together with Sealed Air Corporation, recently announced the opening of a new facility in Cedar Rapids, Iowa, to support the growth of its Restore™ Mushroom® Packaging business in North America. Ecovative intends to launch additional protective packaging facilities in Europe and Asia and is actively seeking strategic partners .

About Ecovative

Founded in 2007, Ecovative is a materials science company developing a new class of home-compostable biomaterials based on mycelium, an organism akin to a living polymer. Ecovative’s high-performance products serve as environmentally responsible alternatives to traditional foam packaging, insulation, and other plastic-based materials. Ecovative was incubated at Rensselaer Polytechnic Institute. Ecovative has been recognized with numerous international awards for sustainability and “green” technologies, and was named a Tech Pioneer at the 2011 World Economic Forum in Davos, Switzerland, as well as the 2013 winner of the Buckminster Fuller Challenge. In addition to capital financing, the growth of Ecovative’s materials science technology has included grants, prizes, and support from key partners including the New York State Energy Research and Development Authority, the National Science Foundation, the U.S. Department of Agriculture, the Environmental Protection Agency, and the National Collegiate Inventors and Innovators Alliance. For more information,visit http://www.ecovativedesign.com and follow @ecovative on Twitter.

Media Contact:
Melissa Jacobsen
518-273-3753 x1000
melissa@ecovativedesign.com

Buckminster Fuller Institute Honors Ecovative With Socially-Responsible Design’s Highest Award

challenge press release header

Green Island, NY, Oct 22 2013 – Today, Ecovative is honored to be selected as the winner of the 2013 Buckminster Fuller Challenge. Now in its sixth year, The Buckminster Fuller Challenge recognizes bold, visionary, creative initiatives that take a comprehensive, anticipatory, design science approach to radically advance human well-being and the health of our planet’s ecosystems. The award is named after one of the most important futurists and visionaries of the 20th century and has been called “Socially-Responsible Design’s Highest Award.”

Ecovative proudly received the news in a congratulatory phone call this week and will accept the award, including the $100,000 cash prize, at a public ceremony at Cooper Union in New York City on November 18, 2013 at 7:00 pm. Winning the Buckminster Fuller Challenge is a top honor for Ecovative’s team.

“We answered the Buckminster Fuller Challenge because we believe in the power of our people to make a real, positive impact,” said Gavin McIntyre, co-founder and Chief Scientist at Ecovative. “Today, Ecovative looks forward to further answering Bucky’s challenge, as we continue to innovate mycological biomaterials and reach an ideal state, with social and environmental values considered equally with economics.”

In its public statement, the Buckminster Fuller Challenge review team and 2013 jury highlighted Ecovative’s comprehensive approach to solving “one of the most urgent, truly global environmental and social justice crises of our time.” The Buckminster Fuller Institute specifically recognized Ecovative for its closed loop production system using nature’s principles, a model for 21st century social enterprise, a broad-reaching material platform, and its continued commitment to education.

[Ecovative’s] approach, from inception to production, is an extraordinary example of the core tenets of The Buckminster Fuller Challenge’s entry criteria, which require the winning solution to be comprehensive, anticipatory, ecologically responsible, feasible, replicable, and verifiable. From the materials science underpinning their work to the commitment to rewrite the rules regarding the structure and financing of a startup company, Ecovative is a ground-breaking enterprise.

Excerpted from a full statement from the Buckminster Fuller Institute

Join us in celebrating the 2013 Challenge on November 18th, 2013 hosted by the Buckminster Fuller Institute at The Cooper Union Institute for Sustainable Design. The evening will feature a presentation by Ecovative and a keynote address by architect and world-renowned sustainability leader, John Picard. And new this year—Dan Hendrix, CEO of Interface, Inc., will be awarding additional support to one of the four finalists!

The award ceremony is a public event; guests can RSVP at http://bfi.org/2013-ceremony

Ecovative is a Finalist for the 2013 Buckminster Fuller Challenge

Green Island, NY, Oct 15 2013 – Ecovative’s Mushroom Material platform has been selected as a finalist in the 2013 Buckminster Fuller Challenge, the prestigious annual design science competition named “Socially-Responsible Design’s Highest Award” by Metropolis Magazine. The Challenge awards $100,000 to support the development and implementation of a whole systems-based solution that has significant potential to solve humanity’s most pressing problems.

Ecovative’s technology resolves critical concerns for waste, energy, and consumer health. Ecovative has harnessed the efficiency of fungi to literally grow an alternative that performs and costs the same as plastic, but is biobased and home compostable. An EPA study found that plastics comprise 25% of landfills by volume and expanded foams are the worst offenders. Petrochemical plastic foams notoriously blow away, becoming litter on land or in ocean gyres. As more cities recognize the hazards of foams, Ecovative offers viable alternatives that reduce waste. Today, companies switch from Expanded Polystyrene (EPS) to Mushroom® Packaging, with added value from lower embodied energy.

“Our technology and mission directly answer the challenges posed by the Buckminster Fuller Institute,” said Gavin McIntyre, Chief Scientist and co-founder of Ecovative. “The news of our selection as a Finalist is exciting and motivating for Ecovative to continue revolutionizing materials for an ideal world.”

Since entering the Challenge, Ecovative has continued to expand the platform of its Mushroom Materials beyond protective packaging. Most recently, the team announced development of a surfboard core grown from Mushroom Materials. In November, as part of a continued commitment to develop sustainable building technologies, Ecovative will join major industry manufacturers at Greenbuild, the annual conference and exposition of the U.S. Green Building Council, promoting green building materials, techniques and products.

After a rigorous vetting process by the Buckminster Fuller Institute’s multi-disciplinary review team, which included an in-depth interview, followed by a review by a distinguished jury, Ecovative’s Mushroom Materials were chosen to be one of only five finalists out of the 300 entries from around the world this year.

The prize will be awarded to the winning entry in an evening ceremony at Cooper Union on November 18th, 2013. In addition to the top prize winner, Challenge sponsor, Interface Inc. will be awarding one of the finalists with significant incubation support. Stay tuned for program details—in the meantime, save the date and RSVP here.

About the Buckminster Fuller Challenge

The Buckminster Fuller Challenge is the premier global competition recognizing initiatives that take a comprehensive, anticipatory, design approach to radically advance human well-being and the health of our planet’s ecosystems. The 2013 Finalists are providing visionary, workable solutions to some of the world’s most significant challenges. The Challenge is a program of The Buckminster Fuller Institute which aims to deeply influence the ascendance of a new generation of design-science pioneers who are leading the creation of an abundant and restorative world economy that benefits all humanity.

Contact: Sam Harrington

Tel: 518-273-3753 x1004

Email: sam@ecovativedesign.com

ecovativedesign.com

Unveiling the World’s First Mushroom® Surfboards

Green Island, NY, Sept 24 2013 – Ecovative to Unveil World’s First Mushroom® Surfboards

Next month, Ecovative, a New York based biomaterials company best known for its sustainable packaging materials, will reveal the first ever prototypes of Mushroom® Surfboards. Grown from patented material technology, the cores of these first generation boards are grown with Cradle to Cradle Gold Certified technology and made only in America. This new surfboard core technology will be on public display for the first time at The Boardroom Show in Costa Mesa, California, October 5th and 6th.

Ecovative’s Myco Foam material was first developed in 2007. Since its inception, Ecovative employees, customers, and fans alike have been dreaming of, and asking for, a surfboard made of Myco Foam.

Surfboard cores are typically shaped or molded from Expanded Polystyrene (EPS) or urethane foam. These petrochemical based materials are non-renewable, environmentally harmful, and will persist forever in a landfill. Rather than using traditional foamed plastic cores, Ecovative is growing replacement boards made of renewable materials.

With a core grown from agricultural waste and mycelium (the vegetative growth stage of a mushroom) these boards will eventually decompose when broken, discarded, or lost in the ocean, effectively reducing toxic marine debris. As an added bonus, Ecovative’s Mushroom® Surfboards offer a tunable stiffness to give surfers the options they desire.

Ecovative will premiere this radical new technology on Saturday, October 5th at The Boardroom Show in California. The Boardroom Show brings together “world-class surfboards, shapers, and the industry’s top brands showcasing the latest technology and design.” Ecovative will showcase its first generation surfboard blanks, and pursue collaboration with surfboard manufacturers to advance this sustainable technology.

For more information on Ecovative, please visit www.ecovativedesign.com
For more information about The Boardroom Show, please visit www.boardroomshow.com

Media Contact:
Melissa Jacobsen or Sam Harrington
media@ecovativedesign.com
518-273-3753

Surf Infographic 09 24 13

Tiny House Contends for Innovation Prize

We are thrilled to announce that Ecovative’s Mushroom Tiny House project, and the concept of grown-in-place Mushroom® Insulation, has been selected as one of 10 finalists for the Cradle to Cradle Product Innovation Prize!

144 applicants were screened by Cradle to Cradle certification experts, toxicologists from ToxServices, and building professionals from Make It Right. These judges selected 10 finalists who are now being considered for the $250,000 cash prize. The 10 finalists represent alternatives to a range of traditional building products, including insulation, paint, drywall, siding, roofing, and construction panels. Three winners will share the cash prize, with 1st place receiving $125,000, 2nd winning $75,000 and 3rd getting $50,000. The three winners will be announced on November 15th, 2013 at the Institute’s Innovation Celebration Gala in New York City.

For more information on the award and the 10 finalists: http://c2ccertified.org/challenge/finalists

Smithsonian Opens Voting For People’s Design Awards

Ecovative’s Tiny House has been anonymously nominated for the Smithsonian Cooper-Hewitt’s National Design Awards, which includes public selection for the People’s Design Award. The National Design Awards were conceived by the Smithsonian’s Cooper-Hewitt, National Design Museum to honor lasting achievement in American design. The Awards are bestowed in recognition of excellence, innovation, and enhancement of the quality of life.

We are honored to be included in the league of other prestigious designs and designers, and we are eager to continue developing Mushroom® Materials as a platform technology to improve the quality of life on Earth.

Public voting for the award takes place September 10 – October 11 at smithsonianmag.com/design-awards. You and anyone you know can vote once per day. Ecovative appreciates your vote and your willingness to join us in support of our mission.