Amcor plc launched two new initiatives, Amcor Lift-Off Sprints and Amcor Lift-Off Connect, on November 12, 2024, to deepen its focus on research and development opportunities and emerging technologies. Amcor Lift-Off Sprints is designed to foster technical collaborations with start-ups addressing specific R&D challenges, offering funding of up to $500,000 and joint development agreements.
The first session of Amcor Lift-Off Sprints is scheduled for early 2025, with Amcor planning to hold two sessions annually. Amcor Lift-Off Connect aims to form strategic partnerships and pilots with start-ups addressing challenges beyond R&D, with its first session in December focusing on AI in manufacturing and R&D.
Amcor is committed to investing up to $3 million annually in these partnership activities, including direct investments and in-kind R&D support. These initiatives are expected to advance open innovation and collaboration with early-stage start-ups, expanding joint development partnerships in new areas like AI.
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