Groups receiving support range from a company launching reusable and compostable coco fiber packaging to an outfit seeking to establish a reusable, returnable wine bottle system.
Launch accompanies Sway’s successful $5 million seed round led by Third Nature Investments and includes investment from The Helm, Alante Capital, BAM Ventures, Superorganism, and other industry-aligned investors.
Building on the company’s recent partnership with the 2M Group of Companies, the investment will help expand the applications of Morro Coating to see the technology replace plastic-based coatings in takeaway packaging, sachets and cups.
Innovations in how compostable packaging is made, along with new technology for composting, are among the forces working to increase the use of this type of packaging.
Eco-Products was recognized for creating a superior method of printing on molded fiber products, and Vegware earned its award for bringing to market a fiber-based cutlery solution that is compostable.