The story
Founded by Gavin McIntyre in 2007, in Green Island.1
Ecovative was developed from a university project of founders Eben Bayer and Gavin McIntyre. In their Inventor's Studio course at Rensselaer Polytechnic Institute taught by Burt Swersey, Eben and Gavin developed and then patented a method of growing a mushroom-based insulation, initially called Greensulate before founding Ecovative Design in 2007. In 2007 they were awarded $16,000 from the National Collegiate Inventors and Innovators Alliance.
Since 2008, when they were awarded $700,000 first place in the Picnic Green Challenge the company has developed and commercialized production of a protective packaging called EcoCradle that is now used by Dell, Puma SE, and Steelcase. In 2010 they were awarded $180,000 from the National Science Foundation and in 2011 the company received investment from 3M New Ventures, The DOEN Foundation, and Rensselaer Polytechnic Institute allowing them to double their current staff of 25.
In spring 2012, Ecovative Design opened a new production facility and announced a partnership with Sealed Air to expand production of the packaging materials. In 2014 their material was used in a brick form in 'Hy-Fi', a 40-foot (12 m) tower displayed in New York by the Museum of Modern Art and they started selling "grow-it-yourself" kits.
In November 2019, the company announced a $10M investment to support their new Mycelium Foundry.
In February 2020, IKEA committed to using Ecovative technology for packaging, replacing polystyrene.
In April 2021, Ecovative Design received a $60M investment to develop new applications for their technology and scale up manufacturing.
From Wikipedia’s article on Ecovative Design, shared under CC BY-SA 4.0.4