Despite a reduction in start-up funding in recent years due to challenging economic markets, start-ups still have the opportunity to launch and grow, thanks to accelerator programs that provide access to vital networks and resources. The MassChallenge Switzerland 2024 accelerator program exemplifies this support, connecting new companies with industry experts, corporates, and investors to develop and scale their businesses. On Wednesday, July 3, 80 start-ups presented their solutions to corporate partners and experts at Bühler’s CUBIC innovation campus. Through its support of the MassChallenge program, Bühler is acting on its purpose to create innovations for a better world.
“We are thrilled to welcome such an inspiring group of entrepreneurs at Bühler. Collaborating with start-ups exposes us to entrepreneurial young minds, fresh ideas, and emerging technologies, pushing us out of our comfort zones and breaking traditional silos,” said Stefan Scheiber, CEO of Bühler Group. “Engaging with start-ups is essential for driving sustainability and innovation.”
As a company with 164 years of history, Bühler is committed to fostering an ecosystem of collaboration that balances the needs of humanity, nature, and the economy. Supporting initiatives like MassChallenge Switzerland helps Bühler accelerate impact and drive forward the innovative solutions required to meet the needs of a growing global population sustainably.
The early-stage start-ups selected for the 2024 MassChallenge Switzerland come from 37 countries, spanning five continents, and have all committed to sustainability, pitching innovations in food and agriculture, industry and climate, health, nature solutions, and packaging. The solutions proposed by these entrepreneurs are diverse, ranging from combining AI with chemistry to reduce environmental impact in animal farming, risk analytics for biodiversity, robots that harvest and de-leaf plants in high-tech greenhouses, technologies that reduce fermentation time, biobased materials to substitute plastic in packaging, and ingredients made from microalgae to replace additives (E-numbers).
“MassChallenge Switzerland attracts some of the best early-stage start-ups who dare to address global challenges in food technology and other key business areas with breakthrough ideas. The cohort today is another highlight of this program. It is incredibly powerful to witness the fusion of inspiring ideas and entrepreneurship, combined with the valuable support and resources provided by corporate partners, aimed at addressing key challenges for creating a sustainable world for the next generation,” said Ian Roberts, CTO Bühler, Chairman of MassChallenge Switzerland.
The 80 start-ups pitched their ideas to the corporate partners and experts in Bühler’s CUBIC innovation center. Their solutions are focused on reducing greenhouse gas emissions and removing carbon, while also taking into consideration broader social and environmental impacts. During their pitches, they put their business plans and ambitions to the test. “For us, as corporate partners, the program presents an invaluable opportunity to gain insights into innovative ideas, support the scale-up journey of these start-ups, and collaboratively develop new solutions that address potential gaps in sustainable business offerings,” said Gavin Steiner, Chief Technology Officer at SIG Group, one of the corporate partners present at the event.
For start-ups, it is an incredible opportunity to access resources, get insights and advice from experts, test their ideas, and be more prepared to address the challenges related to scaling up the business. “It is one of the best events I have participated in so far. The openness, networking opportunities, and access to key leaders from the industry are tremendous,” said Marcin Koziorowski, co-founder and CEO of EcoBean, one of the start-ups most voted for in the pitching round of the day. EcoBean specializes in turning coffee waste into sustainable chemicals.
MassChallenge accelerator program
During the four months of the MassChallenge acceleration phase, the selected start-ups engage with industry experts, corporations, and investors to refine their businesses while receiving world-class mentoring, free co-working space, numerous key networking opportunities, and the opportunity to explore partnership opportunities. The accelerator program culminates on October 31, 2024, at the MassChallenge Switzerland Awards Ceremony, when the best start-ups will be awarded up to CHF 1 million in zero-equity prize money, as well as several other in-kind prizes. Since its launch in 2016, MassChallenge Switzerland has accelerated over 720 start-ups, which have collectively raised around CHF 1.2 billion in funding and generated more than 50,000 jobs.
About MassChallenge
MassChallenge Switzerland is part of MassChallenge’s global network for innovators, equipping bold entrepreneurs to grow and transform businesses & economies. Since MassChallenge Switzerland’s launch in 2016, they have accelerated 720 startups which have raised CHF 1.2bn in funding and generated over 50,000 direct and indirect jobs.