Planet Protector Packaging has been awarded $250,000 in seed funding through the latest round of the Innovation Districts Challenge, facilitated through Investment NSW and aimed at boosting the commercialisation of innovative research.
The company was chosen for its work on its flagship Woolpack product, a sustainable thermal packaging solution made from waste wool.
“Planet Protector Packaging is beyond excited to be announced as a recipient of the NSW R&D Innovation Districts Challenge,” said Joanne Howarth, Planet Protector Packaging CEO.
“We look forward to our continuing collaboration with the University of Wollongong as we transform food and pharmaceutical supply chains across Oceania.”
According to Stuart Ayres, Minister for Enterprise, Investment and Trade, backing innovative companies in emerging areas would help to enhance Australia’s sovereign manufacturing capabilities and boost local supply chains.
“We have seen the impacts of the Covid-19 pandemic on supply chains, which is why it’s critical we back homegrown innovative companies looking to expand and grow right here in NSW,” Ayres said.
“The challenge winners represent a range of companies in different sectors who are united in their efforts to solve big problems, which impact all people in NSW.”
Recently, Planet Protector Packaging also received a $4.8 million federal government grant, which will be used to establish a $9.6 million manufacturing facility to support the production of Woolpack.