Our Story
My co-founder and I have worked on this transformative idea for the last two years. We are both researchers and worked in the research lab for a long time. Our journey began when we noticed the amount of plastic waste generated by research labs.
We started looking for alternative or biomaterial-based lab plastic products, but unfortunately, we couldn't find any. This led us to seek out other labs facing similar issues, gradually turning our search into a dedicated mission to reduce plastic waste in research labs.
We took the initiative to collect data from various research labs, both within and outside our university. Conducting approximately 40 to 50 surveys and more than 100 interview during the initial stages, we discovered that on average, each lab produced approximately 60 to 80 kg of plastic waste, resulting in considerable costs ranging from 14000 to 18000 CAD. To put the scale of the issue into perspective, a single lab could accumulate around 44000 pieces of single-use plastic waste in just one month. These statistics reinforced our determination to find a solution that could address this environmental challenge and make a meaningful impact.
a single lab could accumulate around 44000 pieces of single-use plastic waste in just one month."
Our
Mission
We are on a mission to eradicate the single use of plastic from research labs and medical facilities! The Atlantic Provinces hold immense potential for ocean-based derived products. We believe it's an opportunity to utilize easily available raw materials around us to create such products. As various initiatives emerge to combat climate change, there is a shift towards greater renewable energy usage.
Our aim is to develop biomaterial products that not only protect the environment from harmful consequences but also contribute to a sustainable economy. Our goal is to create eco-friendly products that generate revenue and contribute to the economic growth of the Atlantic Provinces. Formulating products using seaweed also promotes the economy of the Atlantic Province.
Blue Economy
With a coastline stretching 29,000 kilometres, Newfoundland is rich in seaweed, abundantly available along many parts of its shores. Newfoundland holds immense potential for ocean-based derived products. We believe it's an opportunity to utilize readily available raw materials around us to create such products. The global commercial seaweed market is projected to grow from $15.01 billion in 2021 to $24.92 billion in 2028 at a CAGR of 7.51%. The potential of bioplastics is vast, evident by the market's impressive Compound Annual Growth Rate (CAGR) of 17.56%, projected to transform it into a thriving $30 billion industry. Particularly remarkable is the untapped opportunity within the Atlantic provinces, which possess abundant resources ripe for bioplastic innovation.