USA – Material science and manufacturing company Avery Dennison has selected BeFC, Moree, Peafowl Plasmonics, Puro Renewables and Stemly as the five winners of its second AD Stretch Accelerator Program cohort.
AD Stretch tackles crucial challenges in the labels and packaging industry, including connected packaging, materials innovation and sustainability.
The program, run in partnership with accelerator builder-operator Highline Beta, received over 300 applications from startups worldwide.
Following the success of the inaugural cohort, AD Stretch Cohort 02 will deliver a pilot-based accelerator program that encourages collaboration, planning, execution, and analysis with a select group of startups over a condensed six-month period, running pilots in North America and EMENA.
Steve Flannery, senior vice president and general manager at Avery Dennison Materials Group Europe for Europe, the Middle East and North Africa (EMENA) said: “Avery Dennison aims to foster a start-up mentality of agility and innovation throughout the organization by collaborating with start-ups, accelerators and investors.
“This strategy will create win-win outcomes for everyone involved. Our partnering will positively impact our industry and the world.”
Selected start-ups
BeFC produces electricity with papers and enzymes, reinventing power generation for microelectronics and providing data opportunities without the downside of battery disposal.
The expertise of Avery Dennison combined with BeFC’s printable and flexible bio-batteries will empower the next generation of logistics, medical devices, health wearables and environmental devices, says Avery Denison.
Meanwhile, Moree offers reusable packaging as a service on a pay-per-use basis that can help food companies ditch single-use items.
“Together with Avery Dennison, Moree will help brands take a big step toward zero waste while encouraging more sustainable lifestyles,” Avery Dennison details.
Current uses for Peafowl Plasmonics’ technology for light harvesting include low-power devices such as indoor sensors, e-paper displays and dynamic windows.
With its plasmonics, nanomaterials and solar capture expertise, the start-up will join Avery Dennison to advance sustainable energy.
Furthermore, Puro Renewables transforms plastic product manufacturing by utilizing carbon-negative, bio-renewable bio-waste materials.
It helps major manufacturers and brands create desirable products while reducing reliance on fossil fuels, decreasing their carbon footprint. Avery Dennison and Puro Renewables will collaborate to eliminate the long-term impact of plastic waste.
Stemly’s decision intelligence software platform has been selected to automate forecasting and optimize the supply chain, finance and sustainability decisions.
With Avery Dennison and an AI-powered platform and diverse dataset management, Stemly is deemed to deliver fast implementation and accurate forecasts, enabling executives to make better and more interconnected decisions across the company.
“The five start-ups will bring unique approaches and solutions to our challenges and fresh perspectives to our industry,” concluded Jeroen Diderich, senior vice president and general manager of Avery Dennison Materials Group North America.
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