Following multiple pitch rounds, the winners of the initial Lift-Off program are:
- Bloom Biorenewables Ltd: A chemical and biomaterials company, which converts plant waste into chemicals used in packaging; and
- Nfinite Nanotechnology: An advanced materials company, which leverages smart nanocoatings to make packaging recyclable and compostable.
Each company will receive investments of US $250,000 and access to Amcor’s best-in-class research and development resources.
Frank Lehmann, Vice President, Corporate Venturing and Open Innovation at Amcor, said: “Amcor is continuously reimagining what is possible for packaging and our aim is to drive sustainability through unrelenting innovation. These initial investments are just the start, as Amcor will continue to invest in market disruptors and ways to elevate expectations for our industry.
“We’ve been very impressed with what Bloom and Nfinite Nanotechnology have to offer, having risen to the top of a highly competitive field to become the first recipients of Amcor Lift-Off funding. Both start-ups are rooted in a culture of innovation and creativity, looking to break boundaries and disrupt the packaging industry as we know it. Going beyond traditional borders and uncovering the best and brightest ideas from across the globe will enable Amcor to take innovative leaps for the industry and environment.”
Bloom technology responds to two acute needs of the chemical and packaging industry: the sourcing of renewable carbon for packaging made from biomaterials and circular end-of-life solutions for such packaging. The Swiss-based start-up has developed a new type of polyester made from plants. The properties of this new biomaterial match both the mechanical and functional requirements needed for quality packaging and provide a more sustainable end-of-life solution, being both recyclable and biodegradable. Amcor’s investment in Bloom will support its continued growth and expansion, notably helping with the installation of new technical facilities and team hires.
Remy Buser, co-founder and CEO at Bloom Biorenewables Ltd, commented: “Lift-Off is an outstanding initiative accelerating both innovations and their implementation in the field of sustainable packaging. Bloom is extremely proud and excited to join this program and co-develop tomorrow’s packaging solutions in collaboration with Amcor. We envision that a successful partnership will lead to offtake agreements and accelerate our market entry.”
Developed at the University of Waterloo, Nfinite Nanotechnology is a venture-backed startup in Canada, revolutionizing nanocoating to provide superior performance for keeping products fresh and enable the use of truly sustainable packaging at a commercial scale and cost. Nfinite’s vapor deposited nanocoating is eco-friendly, solvent-free, ultrathin, multifunctional, and applied at low temperature in open air without a vacuum chamber. This will be a step-change in the field, unlocking new opportunities for process integration and scalability, offering endless breakthrough applications beyond packaging. Amcor’s investment will help the start-up scale its team as well as demonstrate, certify, and adopt its innovations for broadscale commercial use in the packaging industry.
