Creator of natural alternatives to single-use plastic, Xampla, has today been announced as a finalist for the Tom Ford Plastic Innovation Prize after being given a vote of confidence from global investors. Senior figures from Encourage Capital, Sky Ocean Ventures, North Equity LLC, ALG Investment Management were amongst the judging panel that chose Xampla from 170 global competitors to be shortlisted after a highly competitive two-year process. The award recognises world-leading innovators, creating next generation, sustainable alternatives to flexible film plastic that are truly sustainable and scalable by 2025. The potential for this material will now be tested with global fashion and technology customers, such as Dell. As a University of Cambridge spin-out, Xampla has spent 15 years researching and pioneering the world’s first plant protein polymer for commercial use. With no other chemical changes made to its plant-based materials, Xampla’s products biodegrade safely at the end of life, leaving nothing behind. The applications for this technology have the potential to replace plastic across a range of industries, including in food and beverages, the home cleaning products industry and now technology and fashion. Read More