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Maryland Innovation Lab Announces 9 Startups Selected to Join Innovation Bootcamp and Pitch Day

BALTIMORE, Maryland, United States — March 22nd, 2023 – The Maryland Innovation Lab has announced the 9 participants for its highly anticipated Bootcamp and Pitch Day. The Lab’s pioneering approach connects corporations, governments, and global startups to accelerate business growth through a proven innovation process.

The selected startups are AssetFloow, Colateral, Leeap Labs, Orbital Farm, ORMEX, PARiM, Sustained Impact, Vaayu, and Wholechain. This international cohort includes entrepreneurs from Canada, Germany, Portugal, the UK, and the US.

These 9 companies were chosen from over 600 startups and scale-ups identified by innovation firm L Marks following an extensive outreach campaign. The Maryland-based corporate partners, Pompeian, Sodexo, and SIMPLi, selected these companies to revolutionize their approach to sustainability standards, carbon tracking, supply chain & distribution processes, and understanding consumer behavior and experience.

The 3-day innovation bootcamp will enable the teams to rapidly develop customized use cases with expert guidance and mentorship from the corporate partners, L Marks, WTCI, the Maryland Department of Commerce, and local business executives. Culminating in a pitch and showcase event on April 4th, the entrepreneurs will present their solutions to industry and political leaders within the Maryland business ecosystem. The corporate partners will select the most exciting companies to pilot their unique use cases over a 10-week validation program.

The Maryland Innovation Lab is thrilled to support Governor Moore’s Equitech initiatives and Global Gateway Program. The inaugural cohort consists of global startups, many of which are driven by underrepresented founders. The diversity of the lab spans both the startups and corporate partners, representing the diversity of the State of Maryland.

“We are very excited to see this unique program progressing with the selection of nine global start-ups which will bring their innovative solutions to three prominent Maryland companies. This collaboration will generate new ideas in the food sector industry and also help keep Maryland competitive and cutting edge.”

Maryland Commerce Secretary Kevin Anderson

The Maryland Department of Commerce, World Trade Center Institute (WTCI), and L Marks are the forces behind the innovation lab as a part of Maryland’s Global Gateway Program, created last year to attract more international businesses to the state and ease their transition into the U.S. market by connecting them with local incubators and accelerators.

For more information about the Maryland Innovation Lab, please visit: www.MarylandInnovationLab.com

About World Trade Center Institute (WTCI)

The World Trade Center Institute (WTCI) is a globally recognized non-profit organization that fosters international business growth and innovation. WTCI provides startups and businesses with the resources, mentorship, and global connections needed to expand their international reach. WTCI is committed to driving economic growth, technological advancement, and global collaboration across various industries.

About L Marks

L Marks is a leading innovation specialist that has created over 100 innovation labs and collaboration programs with its partners in Europe, Asia and North America. With a track record of successful collaborations, L Marks brings startups into established corporate ecosystems to drive innovation and growth. Through their expertise and global footprint, L Marks enhances the success and impact of startups across various industries, achieving a successful deployment rate of over 70%. L Marks annually identifies 10,000 startups from more than 80 countries.

About Pompeian Olive Oil

Pompeian Olive Oil is a trusted leader in the olive oil industry, with a history dating back to 1906. Dedicated to providing high-quality, authentic olive oils, Pompeian is committed to promoting healthier cooking choices and culinary innovation. With a focus on sustainability and responsible sourcing, Pompeian Olive Oil has earned the trust of chefs and home cooks around the world.

About SIMPLi

A woman-owned and minority-owned company, SIMPLi’s mission is to simplify and transform a flawed food system into one that is equitable and regenerative – good for the people, producers, and the planet. The company stands out for its commitment to plastic-free packaging for its beans, grains, legumes, superfoods, oils, and spices. In an effort to commercialize sustainable and regenerative organic farming, SIMPLi works with native farming communities around the globe to transition their land to Regenerative Organic Certified®, a method of farming that restores and regenerates the planet. SIMPLi is a leading Regenerative Organic Certified® food company with transitional organic, organic, and regenerative organic certified products offered through its food service and retail channels.

About Sodexo North America

Sodexo North America is part of a global, Fortune 500 company with a presence in 45 countries. Sodexo specializes in sustainable food service and valued experiences, in all 50 U.S. states, Canada, Puerto Rico and Guam, at every moment in life: learn, work, heal and play. Additionally, the company indirectly supports additional jobs through its annual purchases of goods and services from small to large businesses. Sodexo North America is committed to meeting the challenges of everyday life with a dual goal: to improve the quality of life of our employees and those we serve, and contribute to the economic, social, and environmental progress in the communities where we operate. Our purpose is to create a better every day for everyone to build a better life for all.