Amcor supports next generation of innovators with Michigan State University

Amcor (NYSE:AMCR, ASX:AMC), a global leader in developing and producing responsible packaging solutions, announced it has launched an Amcor Lift-Off session dedicated to Michigan State University (MSU) with the support of the MSU Research Foundation and its network. The program offers an opportunity for early-stage start-ups from MSU and its wider network to win up to $250,000 in seed funding. Additionally, through collaboration with the MSU’s Burgess Institute for Entrepreneurship and Innovation, MSU student teams will compete for a grant of up to $10,000. This initiative follows the April 20 opening of the newly renovated MSU School of Packaging building, a program Amcor supported with a $10 million investment that included the establishment of an Endowed Chair of Packaging Sustainability.

Start-ups and student teams who participate in the Lift-Off program are invited to present their ideas within one of six focus areas: alternative barriers; smart and connected packaging; new business models; biomaterials; fiber; and recycling. Up to eight start-ups and student projects will then be shortlisted to present their innovations to a team of Amcor leaders in a pitch event at MSU on Nov. 2, 2023. Winners may have additional investment opportunities from Red Cedar Ventures and Michigan Rise – subsidiaries of the MSU Research Foundation – that could provide greater access to seed funding.
more at: https://www.amcor.com/media/news/amcor-next-generation-innovators-msu-lift-off

Related Posts

DS Smith Half Year Results 2020/21

Financial Highlights • Half-year profitability shaped by Covid-19 • Volumes building progressively throughout H1 ◦ -4.7% May, +3% October, overall H1 -1.0% ◦ November >+5% • Significant customer wins in Europe and North America driving market share gain • Q1 profitability affected by negative volumes, deflation and Covid related costs • Q2 good rebound in profitability – improving volumes and average Q2 RoS 9.5% • US showing good momentum driven by Indiana plant progress • Strong organic free cash flow +16%

Sonoco to Acquire Highland Packaging Solutions

Sonoco announced it has signed a definitive agreement to acquire Highland Packaging Solutions for approximately $150 million in cash. Highland is a privately owned producer of thermoformed plastic packaging for fresh produce and dairy products, based in Plant City, Fla. The transaction is subject to normal regulatory review and is expected to close in the second quarter of 2018. Owned by Steve Maxwell, Chief Executive Officer, and John Durham, along with select members of the company’s leadership team, Highland has grown from a regional supplier of agriculture packaging products into a global packaging company with 2017 net sales of approximately $90 million. The Company has approximately 425 employees operating a world-class production facility in Plant City producing a total packaging solution for customers that includes sophisticated engineered containers, flexographic printed labels and inventory management through distribution warehouses in the Southeast and West Coast of the United States. Click Read More below for additional information.

Flexible packaging manufacturer ceases trading after sale unsuccessful

Nottinghamshire-based Surepak Limited is ceasing to trade despite appointed administrators at PKF Smith Cooper being hopeful of a sale following the interest of 96 parties. Surepak Limited’s financial concerns became apparent during the global energy crisis when its electricity costs increased by more than 425%. This increase, coupled with the loss of two significant contracts, decreased the company’s turnover by c.£1m, due to customers’ packaging requirements changing and the relocation of a customer abroad. The Nottinghamshire-based organisation sought a buyer after sole director Stuart Yorston filed for administration on 9th February 2024. This was to safeguard the company’s business, assets, and employees from a winding-up petition served by a creditor, which was due to be heard on 14th February.
Back To Top
×Close search
Search