 |
| PVA PRO Startup representative presented the product at the acceleration program - exchange and investment connection in Korea. (Photo: VT) |
On August 3, PVA PRO - a startup providing technology solutions for producing water-soluble polymer packaging successfully raised nearly 1 million USD from the ITI Innovation Startup Investment Fund (ITI Fund) - one of the most dynamic domestic investment funds in Vietnam (according to the Vietnam Innovation and Technology Investment Report 2023).
Normally, traditional plastic takes more than 450 years to decompose, biodegradable plastic needs special environmental conditions at factories to decompose in 6 - 12 months, however, products made from PVA compound (Polyvinyl alcohol) only take 30 minutes - 60 minutes to dissolve in warm water (70 degrees Celsius).
In the world, PVA material has been used to produce products such as film for washing powder, film for medicine... however, because it is opaque and often dissolves immediately in cold water, it is not suitable for packaging.
Therefore, PVA PRO products with thin, transparent properties, dissolving quickly in hot water will be applied more widely.
“We have now completed our research on environmentally friendly packaging products used in the garment and fashion industry. Our goal is to continue researching and bringing PVA PRO solutions to other areas such as retail and fast-moving consumer goods (FMCG),” said Ms. Thai Nhu Hang, co-founder of PVA PRO.
The founding team of PVA PRO wants to improve the current situation of 1.8 million tons of plastic waste in Vietnam (according to the Ministry of Natural Resources and Environment) and in the world, this number is 300 million tons (according to the United Nations).
Referring to the motivation leading to the decision to invest in PVA PRO, Ms. Dang Thi Kieu My, Director of ITI Investment Fund shared: “We are completely convinced by PVA PRO’s solutions developed by an experienced, dynamic and capable team. In addition, the market context when a series of major brands in the world are increasingly serious about sustainable development (Sustainability), this will be the key point for PVA PRO to promote its potential, providing customers and consumers with truly green and quality products”.
With nearly 1 million USD in investment capital and strategic and operational consulting support that the enterprise receives from ITI Investment Fund, PVA PRO will make important steps in improving production capacity, developing new products and expanding business markets, contributing more sustainable values to the community.
Source
Comment (0)