Funding Details
- Awarder
- PlugAndPlayTechCenter
- Date Award
- May 15, 2024
- Funding URL
- View Funding Page
Company Info
- Company Description
- AlterPacks, is a start-up supported by Temasek Foundation & SMU’s Institute of Innovation & Entrepreneurship, creating a new biodegradable material from food waste to replace plastics. The genesis of Alterpacks is rooted in garbage. 50-60% of global ocean plastics can trace their source to 5 countries in Asia (China, Philippines, Vietnam, Thailand and Indonesia). These countries are major producers of the raw materials that we use. Our technology upcycles the raw materials into bioresins on location and for use locally, providing a circular solution. It is a scaleable solution that uses existing manufacturing machines to create the products.
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