Jakarta, Indonesia – On June 24, 2023 Archipelago Biotechnology Indonesia was recognized for their contribution to sustainable development at the YELP 2023 event. Archi Biotech, a startup dedicated to accelerating the green and blue economy, recently participated in the Youth Economic Leadership Program (YELP) 2023 organized by the Bank Indonesia Institute (BINS). The event, which focused on seeking initiatives from young Indonesians contributing to sustainable development through ESG technology and application, was aligned with Archi Biotech’s vision and mission.
At the event, Dwi Grawana Chalista, S.Biotek, as a representative of Archi Biotech pitching and showcased a CORALOVE product. This probiotic for microbial-based coral reefs designed to improve immunity and resilience to rising sea water temperatures caused by climate change. This innovation earned Archi Biotech the 4th Best Participant award, along with an enterprise development fund of 9 million IDR to further develop and commercialize CORALOVE.
The YELP 2023 event included various sessions such as sharing sessions with innovators, networking, expert material, mentoring, world cafe, and pitching, providing a platform for Archi Biotech to showcase their commitment to the green and blue economy. With the financial boost received at the event, Archi Biotech is poised to further advance their solution for the preservation and sustainable development of coral reefs.