OrganoClick receives SEK 3.7 million in funding

The project will be co-financed by the Swedish strategic innovation program BioInnovation – a joint program by Vinnova, Formas and the Swedish Energy Agency together with Business Finland for the Finnish partners.

The purpose with the project is to replace the plastic binders that are currently in use in the nonwoven material, with OrganoClick’s biobased and biodegradable binders. During the project, the binders will be adapted and optimized for different hygiene and medical applications. Therafter, full scale production trials of nonwoven will be performed, followed by production of hygiene and medical applications. The goal is to have products ready for market launch in the end of the project.

“This Bioinnovation-financed project gives us the opportunity to accelerate the development of our biobased and biodegradable binders for nonwoven used in advanced hygiene and medical applications. Our partners in the consortium give us a fantastic opportunity to get deep knowledge about the whole value chain, and at the same time secure a fast market entry after the project,” said Mårten Hellberg, CEO OrganoClick.

The project will be executed during 2.5 years with start in December 2019. The total project budget for all partners is SEK 18 million. Bioinnovation and Business Finland joíntly finances 50 per cent of the amount (~SEK 9 million) of which OrganoClick has been granted SEK 3.7 million. 

Fibre2Fashion News Desk (PC)