Amcor Lift-Off initiative extends deadline for compostable or recyclable barrier coating solution challenge

Rhea-AI Summary

Amcor (NYSE: AMCR) has extended the application deadline for its Amcor Lift-Off Sprints challenge, seeking innovative companies developing compostable or recyclable barrier coating solutions for paper and other compostable substrates. The initiative offers successful applicants a joint development agreement with Amcor's R&D team and funding up to $500,000.

The challenge focuses on enhancing packaging functionality and sustainability through advanced barrier coatings. Key dates include:

• Application deadline: April 13, 2025
• Shortlisting: April 25, 2025
• Final Pitch Day: May 12, 2025

Interested companies can submit applications through amcor.com/ventures/lift-off/challenges, including details about their technology, business, and funding status. Applications will be reviewed by Amcor's Corporate Venturing and R&D teams.

Positive

• Initiative demonstrates commitment to sustainable innovation and R&D investment
• Strategic investment in developing new recyclable packaging solutions
• Potential to acquire innovative technologies through joint development agreements

Negative

• None.

ZURICH, March 24, 2025 /PRNewswire/ -- Amcor (NYSE: AMCR) (ASX:AMC), a global leader in developing and producing responsible packaging solutions, announced the extension of the application period for a new challenge under its Amcor Lift-Off initiative, the Amcor Lift-Off Sprints. The challenge aims to support innovative companies that provide new, innovative compostable or recyclable barrier coatings solutions for paper and other compostable substrates.

The Amcor Lift-Off initiative is designed to foster technical collaborations with start-ups and innovators whose solutions address specific research and development (R&D) challenges. Successful applicants will have the opportunity to enter a joint development agreement with Amcor's R&D team and receive funding of up to $500,000.

The Amcor Lift-Off Sprints challenge is seeking companies that can provide barrier coatings for substrates that are either compostable or recyclable. These solutions should enhance the functionality and sustainability of packaging, aligning with Amcor's commitment to innovation and environmental responsibility.

Interested companies are invited to submit their applications through the Amcor Lift-Off website at amcor.com/ventures/lift-off/challenges. The application should include a detailed description of the technology, business and funding status. Applications will be reviewed by Amcor's Corporate Venturing and R&D teams.

Key Dates:

• Application deadline: April 13, 2025
• Shortlisting of applicants: April 25, 2025
• Final Pitch Day: May 12, 2025

"As a global packaging leader, we are committed to continually advancing circularity through new, innovative and more sustainable packaging solutions. This new challenge under the Lift-Off initiative is a testament to our dedication to fostering innovation and supporting the next generation of packaging technologies," said Frank Lehmann, Vice President Corporate Venturing and Open Innovation at Amcor.

For more information about the Amcor Lift-Off initiative and to apply for the challenge, please visit amcor.com/ventures/lift-off. To learn more about Amcor's corporate venturing, visit https://www.amcor.com/ventures.

About Amcor
Amcor is a global leader in developing and producing responsible packaging solutions across a variety of materials for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor works with leading companies around the world to protect products, differentiate brands, and improve supply chains. The Company offers a range of innovative, differentiating flexible and rigid packaging, specialty cartons, closures and services. The company is focused on making packaging that is increasingly recyclable, reusable, lighter weight and made using an increasing amount of recycled content. In fiscal year 2024, 41,000 Amcor people generated $13.6 billion in annual sales from operations that span 212 locations in 40 countries. NYSE: AMCR; ASX: AMC
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SOURCE Amcor

FAQ

What is the maximum funding available through Amcor's Lift-Off Sprints challenge?

Successful applicants can receive funding of up to $500,000 through the Amcor Lift-Off Sprints challenge.

When is the application deadline for AMCR's Lift-Off Sprints barrier coating challenge?

The application deadline for the Amcor Lift-Off Sprints challenge is April 13, 2025.

What type of solutions is AMCR seeking through the Lift-Off Sprints initiative?

Amcor is seeking innovative compostable or recyclable barrier coating solutions for paper and other compostable substrates.

What benefits do successful applicants receive from AMCR's Lift-Off program?

Successful applicants receive a joint development agreement with Amcor's R&D team and funding up to $500,000.