Livestock Water Recycling named finalist in Grow-NY Business competition
LWR one of 20 startup companies with a chance to win up to $1 million
Empire State Development and Cornell University's Center for Regional Economic Advancement have announced that Livestock Water Recycling, a Canadian based startup, has been chosen from over 200 applicants for the inaugural Grow-NY food and beverage innovation and agriculture technology business challenge. LWR is recognized as North America's leading provider of modern manure management systems.
The LWR System reduces the environmental impact of livestock farming, while saving farmers time and money, and providing them the opportunity to diversify their revenue in the circular manure economy.
New York is known for their environmental leadership, evident by the recent passing of the most ambitious climate plan
in the country. The Climate Leadership and Community Protection Act (CLCPA) calls on the state to switch to 100%
carbon-free electricity by 2040. Doing so would end the reliance on fossil fuels and turbocharge the green energy
economy. Notably, transportation is the number one source of emissions in the state of New York and decreasing
pollution from buses is a top priority for lawmakers.
According to LWR, their system is uniquely positioned to access untapped renewable natural gas (RNG) potential to help New York reach these targets. In fact, the LWR System is a is a game-changer for manure. The System's ability to exploit this
agricultural waste stream by turning it into potable water, regenerative fertilizers, and a valuable energy resource is a
big step towards a clean, sustainable future. Farmers who install this manure treatment technology have the ability to
ultimately disrupt both the Energy for Transportation and Fertilizer industries by improving environmental outcomes,
increasing economic competitiveness, and creating a more sustainable future.
Grow-NY is an unprecedented business competition focused on enhancing the emerging food and agriculture innovation
cluster currently present in the Finger Lakes, Central New York and Southern Tier regions. In just the first year of a three year commitment, Grow-NY attracted 199 completed applications from 23 different states and 16 countries around the
world, as well as hundreds of additional partial applications and inquiries from food and agriculture startups from across
the nation and around the world.
LWR CEO Karen Schuett will join 19 other finalists from across the U.S., Canada and Germany to compete for $3 million
in funding. This includes a $1 million grand prize, which will be unveiled at the Grow-NY Food and Ag Summit on Nov. 12
and 13 at the Riverside Convention Center in Rochester, N.Y.
"I would like to commend Empire State Development and Cornell University's Center for Regional Economic
Advancement for their inspiring commitment to supporting agtech innovation," says Schuett. "New York has been a
significant part of our startup story, having installed our very first commercialized system there. The New York dairy
industry has been incredibly supportive of our vision of lagoon-free farming, and I look forward to the opportunity to
help enhance the economy and business landscape of Upstate New York."
"We're very pleased with the number of applicants and quality of the finalists that Grow-NY generated during its first
year," said Tom Schryver, director of Cornell University's Center for Regional Economic Advancement. "We generated a
wide variety of submissions with substantial geographic, gender and ethnic diversity. Today's finalists should be very
proud to have been selected from this highly competitive field, and we're excited about their potential and the impact
we can have on our region."
The winning business will help contribute to job growth, connect with local industry partners and contribute to a thriving economy.
LWR's application was evaluated by a panel of 30 independent judges the spectrum of food, beverage and agriculture
businesses and academics. Grow-NY will award prize money to seven winners this November, all payable in stages,
based on business milestones. This includes the $1 million top prize, two $500,000 prizes and four smaller amounts. Tax
incentives will also be included. To learn more about the other finalists, as well as the mentors, judges and full schedule
of Grow-NY events, please visit grow-ny.com.
Earlier this year, in July in SALINAS, CA, SVG Ventures and Forbes announced Livestock Water Recycling as the recipient of the 2019 THRIVE-Forbes Innovation Icon Award at the fifth annual Forbes AgTech Summit in Salinas.
"Our mission is to help farmers feed the world while reducing their costs and regenerating the health of the farming ecosystem," says Karen Schuett, LWR Co-Founder and CEO. "Consumer expectations are evolving, and by combining our disruptive technology with the invaluable resources of large global brands, we're excited to be a part of the real change that's happening right now in the food and agriculture industry" she adds.