Bloom Biorenewables wins over Amcor

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30.11.2022
Bloom Team

Bloom Biorenewables (Bloom) is among the first recipients of Amcor Lift-Off seed funding initiative. Launched in April, Amcor Lift-Off targets breakthrough, state-of-the-art technologies that will further advance Amcor’s initiatives to make the future of packaging more sustainable. The process initiated in September has already yielded some promising leads for the Fribourg startup.

Amcor, a global leader in developing and producing responsible packaging solutions, has selected Bloom Biorenewables for its LiftOff Program designed to “drive the revolution in packaging”. As Bloom Co-founder and CEO Remy Buser explains to Startupticker.ch, the program starts with a USD 250'000 investment in the form of a convertible loan, which allows the teams from both parties to evaluate possible synergies. Underway since September, the process has already led to some good leads says the CEO. The next step for Bloom will be to enter into a formalized LiftOff agreement which, based on this first exploratory phase, will allow the startup to co-develop sustainable and low-carbon packaging over the next 2 years and which will give Bloom access to Amcor’s best-in-class research and development resources.

Bloom Biorenewables, a chemical and biomaterials Swiss startup, which converts plant waste into chemicals used in packaging, was selected together with the Belgium startup Nfinite for the Lift-Off program after multiple pitch rounds. 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.

Envisioning a successful partnership

Remy Buser, co-founder and CEO at Fribourg cleantech Bloom Biorenewables, 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.”

(Press release - ES)

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