Amcor Reveals Lift-Off Seed Capital Winners with Investments Aimed to “Drive the Packaging Revolution”

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ZURICH – Amcor (NYSE: AMCR, ASX: AMC), a global leader in the development and production of responsible packaging solutions, announced the first batch of recipients of its groundbreaking Amcor Lift-Off seed funding initiative. Launched in April, Amcor Lift-Off targets breakthrough breakthrough technologies that will advance Amcor’s initiatives to make the future of packaging more sustainable.

After several rounds of presentation, the winners of the initial take-off program are:

Bloom Biorenewables Ltd: Chemical and biomaterials company, which transforms plant waste into chemicals used in packaging; and

Nfinite Nanotechnology: a cutting-edge materials company, which leverages smart nanocoatings to make packaging recyclable and compostable.

Each company will receive investment from US $250,000 and access to Amcor’s best research and development resources.

Frank Lehmann, Vice President, Corporate Venturing and Open Innovation at Amcor, said, “Amcor is constantly reinventing what is possible for packaging and our goal is to drive sustainability through relentless innovation. These initial investments are just the beginning, as Amcor will continue to invest in market disruptors and ways to elevate our industry’s expectations.

“We have 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 steeped in a culture of innovation and creativity, seeking to break down boundaries and disrupt the packaging industry as we know it. Going beyond traditional boundaries and discovering the best and brightest ideas from around the world will enable Amcor to take innovative steps for industry and the environment.

Bloom technology addresses two acute needs of the chemical and packaging industry: renewable carbon sourcing 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 meet both the mechanical and functional requirements required for quality packaging and offer a more sustainable end-of-life solution, being both recyclable and biodegradable. Amcor’s investment in Bloom will support its continued growth and expansion, including helping to install new technical facilities and hire crews.

Remy Buserco-founder and CEO of Bloom Biorenewables Ltd, said, “Lift-Off is an exceptional initiative that is 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 together with Amcor. We anticipate a successful partnership will lead to off-take agreements and accelerate our market entry.

Developed at University of WaterlooNfinite Nanotechnology is a venture-backed start-up Canada, revolutionizing nanocoating to provide superior performance to retain product freshness and enable the use of truly sustainable packaging at commercial scale and cost. Nfinite’s vapor-deposited nanocoating is environmentally friendly, solvent-free, ultra-thin, multi-functional, and applied at low temperatures in open air without a vacuum chamber. It will be a sea change in the field, opening up new opportunities for process integration and scalability, delivering endless game-changing applications beyond packaging. Amcor’s investment will help the start-up grow its team as well as demonstrate, certify and adopt its innovations for large-scale commercial use in the packaging industry.

Chee Hau Teoh, CEO and Co-Founder of Nfinite Nanotechnology, said, “We are thrilled to be working with industry leaders of the caliber of Amcor to rethink and redefine packaging for a circular economy. Amcor’s expertise and support will enable us to streamline the integration of our nanocoating solution into existing packaging production ecosystems. With the support of partners like Amcor, we will accelerate the global transition to eliminate plastic waste. »

Bloom and Nfinite Nanotechnology represent the first two companies selected in the Amcor Lift-Off initiative, with more winners to be announced shortly. Amcor Lift-Off is part of the organization’s corporate work focused on investing in innovative businesses and more sustainable packaging solutions to drive long-term growth. Earlier this year, Amcor announced a strategic investment in PragmatIC Semiconductor, a world leader in ultra-low-cost electronics that can be integrated into packaging. This follows an earlier investment in ePac Soft packaging in 2021.

To learn more about Amcor’s corporate journey and how to submit entries focused on recycling systems, alternative barriers, paper-based solutions, smart and connected packaging, biomaterials or new industry business models for subsequent Lift-Off programs.

About Amcor

Amcor is a world leader in the development and production of responsible packaging solutions for food, beverage, pharmaceutical, medical, household and personal care products, and other products. Amcor works with leading companies around the world to protect their products and the people who depend on them, differentiate brands and improve supply chains through a range of flexible and rigid packaging, specialty cartons, closures and services. . The company is focused on making packaging that is increasingly lightweight, recyclable and reusable, and made from an increasing amount of recycled content. In fiscal 2022, 44,000 Amcor people generated $15 billion in annual revenue from operations spread over 220 sites in 43 countries. New York Stock Exchange: AMCR; ASX: AMC

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