GrowGrounds teams up with Sting Bioeconomy to accelerate growth. The goal is to promote agroforestry farming and actively contribute to restoring nature. Sting Bioeconomy is a business accelerator focused on supporting innovative companies that operate within the bioeconomy sector. By joining Sting Bioeconomy, GrowGrounds gains access to state of the art business development, expertise and an extensive network for continued business expansion.
Captures carbon and creates value
GrowGrounds supports coffee farmers in transforming their coffee plantations into more smart and sustainable ecosystems. The focus is on changing cultivation methods, integrating techniques and technologies that not only grow nature and improve coffee production but also capture and store carbon. The captured CO2 is sold to climate partners as carbon credits (CRU), and 80% of the income stream benefits the farmers.
– We appreciate that GrowGrounds is addressing a complex issue. A combination of business development for international companies and do-good for farmers globally. We are delighted to facilitate our know-how, networks and support, because we are convinced that GrowGrounds will do it for real. They are on a fantastic mission with complete transparency at every level of the operation, says Victor Isaksen, CEO Sting Bioeconomy.
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– Sting Bioeconomy is a well-established international accelerator for startups. Their focus on sustainable services and products based on renewable resources is a great strength for us. The partnership is a significant catalyst in our work in creating commercial solutions for the benefit of nature, the environment and people across industries and institutions, says Lars Aaen Thøgersen, CEO GrowGrounds.
An initiative appreciated by the industry
The initiative is welcomed by the industry, where the need for new solutions and radical changes is urgent. Löfbergs is both an investor in the company and a client.
– The coffee industry is facing a series of issues, which we can only target by tackling the real problems at their roots. Farmers are getting poorer. And older. Nature is under pressure and increases in carbon emissions are threatening our climate. On the other hand, and combined, these challenges hold opportunities for change. This is the whole concept of GrowGrounds, and we see their approach as a severe and long-term investment in our value chain, says Anders Fredriksson, CEO Löfbergs.
