More than 100 start-ups from around the world submitted applications for the first open call. Eight leading candidates have been identified to compete for funding and resources, and whose focus on sustainability includes new technologies such as nanotechnology and biomaterials as well as new barrier technologies, processes and business models for recycling infrastructure and reusable packaging.
In the next phase of Amcor Lift-Off, these companies will pitch their innovative ideas and business models to a panel of Amcor executives. The companies were divided into key areas of strategic interest such as bio-based packaging materials, recycling and new business models in consumer goods packaging.
“It’s exciting to see the number and variety of start-ups that responded to our call for innovative projects,” said Frank Lehmann, vice president of corporate venturing and open innovation at Amcor. “Amcor Lift-Off once again demonstrates our commitment to driving change through strategic partnerships and collaboration. We are excited about the next phase of the initiative to learn more about these companies, their ideas and the opportunities to work together to develop more innovative solutions that will help our industry move towards a more circular economy.
As a leader in sustainability, Amcor is committed to investing in and bringing technologically advanced packaging solutions to market. The Amcor Lift-Off program joins Amcor’s other key investments, such as the addition of two new innovation centers in Asia and Europe, and its partnership with Michigan State University’s School of Packaging which includes a $10 investment million dollars and the creation of a pulpit endowed with the packaging. Sustainability for school.
Startups reaching the final will receive up to $250,000 in funding as well as research and development support and operational guidance to help bring their ideas to life globally.