Enviro-tech startup, Samsara awarded Government grant to make infinite plastic recycling a reality
Newly launched enviro-tech startup, Samsara is one of the latest Australian companies to receive a co-investment grant under the Federal Government’s Advanced Manufacturing Growth Centre’s (AMGC) Commercialisation Fund. The $30 million Fund, which launched this year, aims to foster projects that bring industry and researchers together to commercialise new manufacturing products and processes.
Grants are awarded to companies that have developed innovations that focus on the six National Manufacturing Priorities outlined by the Australian Government as part of its Modern Manufacturing Strategy. Samsara has been awarded $568,491 under the Fund’s Recycling & Clean Energy priority pillar for its new approach to recycling. Combined with investment from Samsara and its partners, the total project will inject $1.14 million into the manufacturing program.
Samsara launched last month having developed a new way to infinitely recycle plastic to help end the plastic pollution crisis. Samsara’s ground-breaking technology uses enzymes to break plastic down to its core building blocks, which can then be used to recreate brand new plastic, again and again.
The company is co-founded by Woolworths Group, The Australian National University and deep tech venture fund, Main Sequence founded by CSIRO, who have joined forces to tackle the plastic waste problem with leading edge science.