ZURICH, April 6, 2022 /PRNewswire/ — Amcor (NYSE: AMCR) (ASX: AMC), a global leader in the development and production of responsible packaging solutions, today announced the launch of Amcor Lift-Off, an initiative to open call aimed at supporting seed-stage start-ups that focus on innovative packaging solutions and associated technologies. Amcor Lift-Off offers these start-ups the opportunity to secure an investment of $250,000as well as operational guidance, to take their ideas to the next level.

Amcor seeks to partner with innovative leaders who are working to create more sustainable packaging solutions, new packaging technologies or who have developed a new business model. Applicants must innovate in at least one of the six strategic areas to apply: recycling systems, alternative barriers, paper-based solutions, smart and connected packaging, biomaterials or new industry business models. Incorporated companies from all over the world can apply for free, whether they have already raised funds or not.

The Amcor Lift-Off program will take place in three phases:

• Applications will be open online until May 15, 2022*
• Applicants will then be screened and shortlisted, with up to 20 start-ups invited for an initial call to pitch their ideas
• Five final start-ups will be invited to pitch on a first pitch day towards the end of June in front of a team of senior Amcor executives.

Based on the ideas submitted, each of the five finalists could receive $250,000 in the form of a convertible loan as well as support and resources from Amcor to refine their products, build partnerships and expand across geographies. Interested companies are invited to apply here:

Frank LehmannVice President Corporate Venturing and Open Innovation at Amcor, said: “As a global leader in diversified packaging, Amcor strongly believes in investing in and developing leading innovations in sustainability and digitalization for the packaging industry. We look forward to establishing an ecosystem of start-ups to complement and amplify Amcor’s growth. Amcor Lift-Off is just another example of how, for 160 years, Amcor has been driving and supporting industry-wide innovation – wherever and whenever it may originate.

“Our customers and their consumers want packaging solutions to evolve in line with society’s expectations for sustainability, transparency and traceability – these solutions are the next generation of packaging and Amcor is putting them at the forefront.”

Amcor’s corporate work focuses on investing in innovative companies and more sustainable packaging solutions to drive long-term growth. Earlier this year, Amcor announced a strategic investment in PragmatIC Semiconductor, a world leader in ultra-low-cost electronics that can be integrated into packaging. This follows an earlier investment in ePac Flexible Packaging in 2021.

* Applications received after May 15, 2022will be considered for a second Amcor Lift-Off event in November 2022.

About Amcor

Amcor is a world leader in the development and production of responsible packaging for food, beverage, pharmaceutical, medical, household and personal care products, and other products. Amcor works with leading companies around the world to protect their products and the people who depend on them, differentiate brands and improve supply chains through a range of flexible and rigid packaging, specialty cartons, closures and services. The Company is focused on making packaging that is increasingly lightweight, recyclable and reusable, and made from an increasing amount of recycled content. Approximately 46,000 Amcor people generate $13 billion annual sales from operations spanning approximately 225 locations in more than 40 countries.

SOURCEAmcor