Paptic bags an Expo Live grant
The eco-friendly plastic alternative convinced the organisers of the next World Expo, which will be held in Dubai in 2020.
The Expo 2020 Dubai’s Expo Live programme has allocated 100 million US dollars for grants to support initiatives that offer “creative solutions to pressing challenges that impact people’s lives, or help preserve the world – or both”. The programme grants up to 100 000 US dollars per project, and the money is made available incrementally depending on progress and results.
Paptic might also get the opportunity to showcase its solution at the 2020 event.
Paptic’s innovation is known as PAPTIC, a wood-based alternative to plastic packaging and bags. The material consists mainly of renewable materials and is 80 per cent biodegradable, more durable than paper and can be recycled like cardboard.
The Expo Live programme was launched in January. Its goal is to stimulate innovation that has a social benefit through funding, business guidance and promotion. To date, the programme has attracted more than 1 100 applicants from 107 countries.
“We are delighted to be supporting Paptic,” says Yousuf Caires, vice president at Expo Live. “We see innovation not as the process of generating ideas, but as the relentless commitment to solving a problem worth solving.”
Esa Torniainen, founder and chief business development officer at Paptic, tells the company is excited about the grant.
“It will allow us to develop new applications for PAPTIC beyond its use in carrier bags, and it will also help us take our product to other markets, to tackle this global problem beyond Finland and Europe.”
Good News from Finland spoke to Paptic earlier this year. Read the story here.