FMN | September 25th, 2023

Avery Dennison Expands AD Stretch Accelerator Program Avery Dennison Corporation has launched Cohort 03, a program expansion that incorporates new challenges and a global reach to the rapidly matur- ing AD Stretch accelerator. Cohort 03 will focus on three challenge areas: the development of next-generation energy storage ma- terials, maximizing consumer experiences and im- proving sustainability. The program welcomes startups from across the globe to collaborate in tackling tangible business issues. AD Stretch offers nondilutive pilot-based accelerator programs to startups with proven sales and go-to-market experience, the ability to innovate and the vitality to engage with Fortune 500 compa- ny Avery Dennison. The accelerator aims to unite the financial, R&D and vast technical resources of Avery Dennison with startups to create impactful solutions. According to Shruti George, Vice President, strate- gic innovation platforms, Avery Dennison Materials Group, AD Stretch Cohort 03 builds on the foun- dation and achievements of past program cohorts while looking to the future for program growth and expansion. In just 18 months, the AD Stretch accelerator pro-

gram has grown from launch mode to a program that’s fielded more than 500 applications from more than 35 countries and created pilot programs for 14 startup businesses. Startups can apply for accep- tance to AD Stretch Cohort 03 from September 5 to November 27, 2023. Online PRX Market Allows Sales Of Excess Materials PRX Market has unveiled its online platform de- signed to promote sustainable sourcing practices. By providing a user-friendly space that brings together suppliers, converters, and printers, PRX Market aims to redefine the surplus material exchange, fostering value creation and increasing product lifecycles. PRX Market allows suppliers and converters to sell their surplus materials, particularly rolls, at actual value. The platform is said to boast an intuitive de- sign with comprehensive search functions and filters, making it easy for buyers to locate desired products without sign-up procedures or price negotiations. Listing materials on the platform is free, eliminat- ing financial risk. For buyers, PRX Market is a curated hub of ma- terials, reliable machinery, and essential roll stock, according to the company.

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6 September 25, 2023

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