Client & Alumni News

Grovara Wins Philadelphia PACT Enterprise Award

Grovara won the Philadelphia PACT’s Emerging Technology Company of the Year at the May 24 Enterprise Award ceremony. Launched at Ben Franklin TechVentures, Ben Franklin NEP client Grovara is the leading B2B global marketplace for wellness brands, connecting natural and organic brands with international retailers. The Grovara platform streamlines the entire process, from product discovery and order processing, to payments and fulfillment, all in a single marketplace. WATCH the Grovara PACT interview 5-22

Criteria for the Emerging Technology Company of the Year included:

  • Product or service innovation, including proprietary technology or other advantage.
  • Company milestones including strategic decisions made by management that led to growth in revenues and/or earnings.
  • Strength of management team including ability to raise capital.
  • Profitability or demonstrated ability to achieve profitability and decisions that led to corporate collaborations or license deals.