Five entrepreneurs have been chosen for Cohort 02 of the AD Stretch Accelerator Programme by Avery Dennison Corporation (NYSE:AVY). With regard to linked packaging, material innovation, and sustainability, AD Stretch addresses significant issues facing the labels and packaging sector. Over 300 applications from entrepreneurs around the world were submitted for the programme, which is administered in collaboration with accelerator builder-operator Highline Beta.
A unique pilot-based accelerator programme that promotes cooperation, planning, execution, and analysis with a small set of companies over a compressed six-month period will be offered by AD Stretch Cohort 02 in response to the success of the first cohort. Pilots will be run in North America and EMENA.
The five companies, according to Jeroen Diderich, senior vice president and general manager of Avery Dennison Materials, “will bring distinctive approaches and solutions to our challenges and fresh perspectives to our industry.” Subdivide North America. “Together, we will promote sustainability and innovation on a global scale.”
These businesses were chosen by Avery Dennison because they have the potential to change the label and packaging sector. They also had to have sales skills, be able to partner with a Fortune 500 industry leader, and have experience bringing products to market.
The businesses are:
A sustainable replacement for conventional small batteries, BeFC’s paper biofuel cells use enzymes to turn glucose and oxygen into energy. The next generation of logistics, medical, health wearable, and environmental devices will be aided by Avery Dennison’s experience and BeFC’s printable and flexible bio-batteries.
Reusable Packaging as a Service from Moree makes it simple for food firms to move to reusable packaging. They provide quick returns and reusable bags. through their SaaS platform, consumers can track inventory, orders, and environmental savings while also receiving digital rewards. Together with Avery Dennison, Moree will assist brands in making a significant progress towards zero waste while promoting more environmentally friendly lifestyles.
Peafowl Plasmonics’ light-harvesting cell, which will revolutionise electronic devices, can invisibly power any conductive surface, even transparent ones. Peafowl Plasmonics will work with Avery Dennison to advance sustainable energy with their knowledge of plasmonics, nanomaterials, and solar capture.
Puro Renewables: Puro Renewables and Avery Dennison will work together to eradicate the long-term effects of plastic waste. Puro Renewables reinvents the production of plastic goods by using carbon-neutral, biodegradable biowaste materials. They assist well-known brands and manufacturers in developing appealing products while reducing their reliance on fossil fuels, decreasingtheir carbon footprint.
Stemly: Stemly automates forecasting and optimizes supply chain, finance and sustainability decisions. Together with Avery Dennison, and with an AI-powered platform and diverse dataset management, Stemly delivers fast implementation and accurate forecasts, enabling executives to make better and more interconnected decisions across the company.
“Avery Dennison aims to foster a startup mentality of agility and innovation throughout the organization by collaborating with startups, accelerators and investors,” said Steve Flannery, senior vice president and general manager Avery Dennison Materials Group EMENA. This strategy will create win-win outcomes for everyone involved. “Our partnering will positively impact our industry and the world.”