Customer story

Borealis Innovation Challenge

Customer story in numbers

75

Potential partners recognized

7

Finalists

2

Winners

Finding project partners for Borealis on an open innovation project that furthers a circular economy approach for plastics and opens new and sustainable business opportunities.

Borealis aims to be a leading provider of high-value sustainable/recycled plastics for consumer applications such as packaging. The goal of Borealis is to take an active and leading role in driving the change towards a circular economy for plastics.

How we reached the goals

Spinverse organized first an open innovation strategy workshop with a group of key Borealis experts to discuss the critical development needs and opportunities for plastics recycling to high-value products. This set also the basis to define the type of partners, with whom Borealis could continue strategic collaboration. Spinverse then helped in defining a clear scope for the challenge together with Borealis, opened the call and managed the proposal submission system. Spinverse activated relevant companies and research teams to participate in the partner search and pre-ranked the submissions. Spinverse also organized the Borealis Innovation Day for the pitching final.

Key takeaways

Open innovation workshop gave important understanding on how to make open innovation projects and focused the scope for the Innovation challenge and related projects. Based on the partner search and joint evaluation of an extensive amount of potential partners by Borealis and Spinverse experts, finalists were selected to submit their finalized proposals and pitch their ideas at Borealis Innovation Day. Winners were provided with an opportunity for strategic collaboration with Borealis.

Photo by Borealis

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The decision on the equity granted by the European Innovation Council is very important to us and it helps us get other investors involved in financing the project. Spinverse helped us a lot during the application process. Their guidance and support were really needed — thank you Spinverse.

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With Spinverse taking care of the daily administration of this large consortium, I can focus on coaching the partners to achieve tangible results via the building blocks and their integration as part of pilots!

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So far we have not been disappointed by Spinbase in any way. We were able to use it to connect Europe to our focus areas and ambitions. Spinbase has become a part of the process in finding context, opportunities and partners. It has been very helpful.

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Spinverse team brings to the collaboration key capabilities in ecosystem leadership, but also wide expertise on polymer technology, bio and circular economy, which are important assets in our partnership.

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We were impressed by the broad expertise of the Spinverse team. Spinverse did not only demonstrate strong expertise on the technicalities of the funding application, but also provided support on the financial aspects and processes.

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