Los Angeles, September 14, 2021 - The Data Economics Company (DECO) was one of 21 companies selected to present their company and technology as part of the Techstars Sustainability Roundtable: Net-Zero Challenge Demos Event. Techstars collaborated with Challenge Partners including Shopify, AWS Startups, The Heritage Group, Cargill, and The Nature Conservancy to seek innovators whose technology solutions “can accelerate commerce’s path to Net Zero.” Companies selected as finalists in the Techstars Net-Zero Challenge presented on September 15 to the Techstars sustainability network, including corporate partners and investors.
The Techstars Net-Zero challenge identified technology entrepreneurs and startups who are developing solutions to enable enterprises to achieve their Net Zero objectives, and forge meaningful collaborations to help founders get their innovative solutions to market faster.
“There is a lot of confusion about what Net-Zero means and the path to get there,” said Cody Simms, senior vice president of climate and sustainability at Techstars. “Establishing this new challenge will provide startup founders and corporations a clearer path for information gathering, deepen market insights and solutions diligence to feasibly achieve Net Zero goals.”
Companies presenting offered technology solutions in three categories: Carbon Accounting and Measurement, Quality Carbon Offsets, and Industrial Carbon Reduction. The Data Economics Company, via its Lydion Engine middleware platform and collaborations with climate and sustainability industry partners, offers solutions relevant to all three of these categories.
“The Lydion DEOS Engine has seen rapid adoption over the past year in the climate and sustainability industry, with Lydion-based applications enabling smallholder farmers in countries like Haiti to double their income through data-backed regenerative practices, tracking lead recycling compliance for battery manufacturers resulting in measurable reduction of lead pollution, and managing dynamic climate and sustainability investment portfolios for Fortune 100 companies,” said Arka Ray, Managing Director of the Data Economics Company. “At DECO, we are seeing increasing real-world evidence that empowering enterprises to create data-backed digital products and assets that unlock sustainability-enhancing incentives is going to be a key strategy on the path to Net Zero.”
About Techstars
The Techstars worldwide network helps entrepreneurs succeed. Founded in 2006, Techstars began with three simple ideas–entrepreneurs create a better future for everyone, collaboration drives innovation, and great ideas can come from anywhere. Now we are on a mission to enable every person on the planet to contribute to, and benefit from, the success of entrepreneurs. In addition to operating accelerator programs and venture capital funds, we do this by connecting startups, investors, corporations, and cities to help build thriving startup communities. Techstars has invested in more than 2,200 companies that today have a combined market cap valuation of $29 Billion.
To learn more about the event, visit: TechStars.
About The Data Economics Company and the Lydion Engine:
The Data Economics Company (DECO) has developed the Lydion® Engine, the Operating System for Web3. The Lydion Engine powers decentralized applications to solve complex, large-scale problems and generate new revenue streams for people and companies by converting their data into valuable digital assets—structured as NFTs—that can be monetized, shared, and transacted using secure, private Lydion Data Vaults and Networks (DENETs) without requiring underlying cryptocurrencies. DECO’s mission is to pioneer and propagate the field of Data Economics by leading scientific research in the field of Data Economics, building a toolset to enable a wide array of distributed applications via the Lydion Engine, and creating a global ecosystem of partners to advance Data Economics as an applied science. More information about DECO and the Lydion DEOS can be found at lydion.com.
About the Lydion DEOS :
The Lydion® Data Economics Operating System is the Operating System for Web3.
The Lydion® DEOS is a middleware engine used to develop distributed,decentralized applications and application platforms. By capturing energy spent in completing real-world work, The Lydion® DEOS mints digital assets called Lydions that can be utilized, shared, and transacted using secure, private Lydion Data Vaults and Networks (DENETs).
Current Lydion Engine-based applications target a combined $350B addressable market across the Health Sciences, Agriculture, Climate, Industrials, Fintech, Personal Data, Gaming, and Education sectors.