ZURICH, Nov. 12,
2024 /PRNewswire/ -- Amcor
(NYSE: AMCR) (ASX:AMC), a global leader in developing and producing
responsible packaging solutions, has launched two new editions of
its open-call initiative, Amcor Lift-Off, to deepen its focus on
research and development (R&D) opportunities and key emerging
technologies: Amcor Lift-Off Sprints; and, Amcor Lift-Off
Connect. These new initiatives will build upon the
program's success with innovative start-ups
like Greyparrot's artificial intelligence (AI)-powered
waste recognition system, circolution's reusable
packaging, Nfinite Nanotechnology's sustainable
coatings and Bloom Biorenewables' bio-based polyethylene
terephthalate (PET).
Amcor Lift-Off Sprints is designed to foster technical
collaborations with start-ups whose solutions address specific
R&D challenges. Successful start-ups will enter a joint
development agreement with Amcor's R&D team and receive funding
of up to $500,000. The first session
of Amcor Lift-Off Sprints is scheduled for early 2025, with more
details to be announced early next year. Amcor plans to hold two
sessions of Amcor Lift-Off Sprints annually.
Amcor Lift-Off Connect aims to form strategic partnerships and
pilots with start-ups that address challenges beyond R&D. While
similar in approach to the "Sprints" edition, its goal is to
nurture collaborations that could lead to further investments. The
first session on Dec. 4 will focus on
AI in manufacturing and R&D. Future sessions of Amcor Lift-Off
Connect will be announced next year, with the aim of conducting two
sessions per year.
Through these programs, Amcor seeks to continually advance open
innovation and collaboration with early-stage start-ups, expanding
joint development partnerships in new areas like AI. Amcor is
committed to investing up to $3
million annually in these partnership activities, including
direct investments and in-kind R&D support. Additionally, this
will encourage collaboration between Amcor, its customers and
the winning start-ups, exploring opportunities for three-way
collaboration agreements.
Frank Lehmann, vice president of
Corporate Venturing and Open Innovation at Amcor, said, "We are
excited to expand our already successful Amcor Lift-Off initiative,
and further energize the packaging industry by elevating these
cutting-edge technologies." He added, "This is an important
opportunity to work alongside our customers to provide them with
the most innovative solutions available to tackle today's packaging
challenges."
Applications for next year's Amcor Lift-Off Sprints and
Connect sessions can be submitted in December. Learn more about
Amcor's Lift-Off program and corporate venturing.
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
www.amcor.com I LinkedIn I YouTube
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SOURCE Amcor