WALTHAM, Mass.--(BUSINESS WIRE)--Mascoma Corporation, a leading provider of bioconversion technology, today announced that it has been selected as a finalist for SBANE’s 2014 New England Innovation Award. The Smaller Business Association of New England (SBANE), which has sponsored the New England Innovation Awards since its inception in 1986, selected Mascoma from 210 innovative organizations to compete in the final phase of this year’s competition.
Using its proprietary consolidated bioprocessing (CBP) technology, Mascoma provides yeasts and other microorganisms to reduce costs and improve yields in the production of renewable fuels and chemicals. Through its Mascoma Grain Technology, or MGT®, yeast products including TransFerm® and TransFerm Yield+™, Mascoma has produced over 1 billion gallons of renewable biofuels.
“We are honored to be selected as a finalist for this year’s SBANE New England Innovation Award,” said Bill Brady, President and CEO of Mascoma. “Innovation is at the core of everything we do at Mascoma, which is one of the reasons we have consistently been able to push the envelope to become the world’s leading technology provider for efficient bioconversion. We are proud to be recognized as one of New England’s leading innovators, and we are excited about our future growth and the new technologies we are developing that will benefit the region and the rest of the world.”
Innovation is at the heart of economic prosperity and SBANE continues to recognize those companies and organizations that have transformed their ideas into a product or service that delivers proven value to customers. Entering its 28th year, prior winners of the New England Innovation Award come from varying fields such as technology, manufacturing, service (both for profit and not for profit), and retail / distribution. Recipients of this prestigious award include some of the region’s most recognizable companies (selected in their early stage) including Staples, PictureTel, Ben & Jerry’s, Brooks Automation, Direct Tire, Genzyme, Nantucket Nectars, Imagitas!, Aurora Imaging Technology, and iRobot.
Winners and award finalists will be honored at the “Evening of Innovation” Gala Dinner on May 7, 2014 at the Westin Hotel, Waltham MA. The keynote speaker for this year’s Gala Dinner will be Andy Miller, Chief Innovation Architect, Constant Contact.
Mascoma Corporation is a provider of leading technology for the conversion of biomass to fuels and chemicals. Using its proprietary consolidated bioprocessing, or CBP, technology platform, Mascoma has developed bioengineered yeasts to reduce costs and improve yields in the production of renewable fuels and chemicals. Mascoma’s first commercial application of its technology platform are its Mascoma Grain Technology, or MGT®, yeast products, which are drop-in substitutes for existing yeasts designed to improve the economics of corn-based ethanol production. Mascoma is pursuing other commercial applications of its CBP technology and is partnering with companies that operate or plan to operate facilities that produce cellulosic ethanol. For more information on Mascoma, please visit www.mascoma.com or follow us on Twitter @MascomaCorp.
The Smaller Business Association of New England, Inc. (SBANE), founded in 1938, is a private not-for-profit association of approximately 600 member companies located throughout the six-state region. SBANE was established to provide a legislative voice for small business at the state and federal levels and to make practical information available to help business owners grow their companies. SBANE runs diverse, educational programs each year and has active chapters in Massachusetts and Rhode Island. The membership is characterized by a high degree of participation, reflected in a large and dynamic committee structure, addressing a range of topics from international trade to human resources. Visit SBANE at www.sbane.org.
TransFerm is a registered trademark of Mascoma Corporation and Lallemand Specialties, Inc.; MGT is a registered trademark of Mascoma Corporation.