September 29, 2017
Lyofresh Technologies is proud to have participated in Innovation York’s LaunchYU AccelerateUP business accelerator program, where over the course of four months and 24 workshop sessions the company has benefited from training, mentorship and resources provided by the program to accelerate the development of a sustainable and profitable food processing technology business, while supporting its long term mission to end hunger, achieve food security, and create a sustainable food system.
Figure 1 The winning Ventures: Lyofresh Technologies, Cellface, and KPI Ninja; representatives from Aird & Berlis LLP Daniel Everall and Graham Topa; Innovation York Director Sarah Howe, and LaunchYU Entrepreneurship Manager Nilay Goyal
The culmination of this program was the Graduation Day pitch and networking event hosted by Aird & Berlis LLP on September 19, where Lyofresh Technologies pitched the business to investors, mentors, and university officials. Attendees of the event were welcomed by York University President and Vice-Chancellor Rhonda Lenton; Vice-President of Research and Innovation Robert Haché; and Innovation York Director Sarah Howe. Lyofresh Technologies was one of the three selected ventures by Innovation York to receive a $5,000 cash award, and is to go on to receive ongoing mentorship and compete for the newly created $25,000 Aird & Berlis StartupSource Market Entry Award.
Figure 2 Lyofresh Technologies Co-Founders Nicholas Steele and Shane Guignard with York University President and Vice-Chancellor Rhonda Lenton
As a student-run startup, the team is comprised of York University students, faculty and staff. The company actively connects with all entrepreneurial resources within York University’s ecosystem, and is currently also supported by the Lassonde School of Engineering, operating in the Bergeron Entrepreneurs in Science and Technology (BEST) Lab and the IP Osgoode Innovation Clinic.
Figure 3 Lyofresh Technologies Co-Founder and CEO Nicholas Steele pitching the venture
“As Lyofresh Technologies continues development and commercialization of its innovative freeze drying technology, we look forward to continue to work with Innovation York, York University, Aird & Berlis LLP as well as a wide range of partners including the United Nations Food and Agriculture’s (FAO) Save Food Initiative to rise up to the Zero Hunger Challenge of a world where no one goes hungry and food is no longer wasted”
Co-Founder & CEO,