Startups and scaleups have a chance to access a wide range of advanced lightweight materials and to receive manufacturing and scaling-up support worth $25,000.
Growth Garage Business Incubator of the Advanced Materials Division of the Mitsubishi Chemical Group is calling upon entrepreneurs, innovators and founders aiming to lightweight parts and applications with carbon fiber-reinforced plastics (CFRP) to submit their big idea to the composite Engineering Challenge. The winner will receive a support package valued at $25,000 tailored to their current business and product development stage. This Challenge is open to everyone around the globe striving to lightweight with CFRP and scale up their production.
“To meet the challenges of tomorrow, we have to nurture the visionaries of today,” says Tim Vorage, Senior Manager and Founder of Business Incubator Growth Garage. “We foster open innovation and collaboration with innovators and entrepreneurs to implement great ideas, uncover new growth opportunities and positively impact the well-being of people and the planet.” The ambition of this engineering challenge is to unlock the full potential of modern composite materials and scale with advanced production technologies. For that purpose, winners will have access to technology resources and support in material selection, tool design, scalability and design for manufacturing. In addition, the winners will get access to industry experts, the Mitsubishi Chemical Group’s corporate venture capital arm and the wider network to create global exposure. The Challenge will close on December 31, 2022. A jury team of experts and industry leaders will select the overall Challenge Winner.
A special Innovation Award will be given to the most impactful, differentiated, and innovative idea. The winner of the Innovation Award will receive resource and scaling support valued at $10,000. Finally, together with the Mitsubishi Chemical Group’s partner Wevolver, a Community Winner (chosen by voting) will receive honorable recognition and a featured article on Growth Garage’s and Wevolver’s website.
Visit our page for more details: Composites Engineering Challenge.
About the Mitsubishi Chemical Group
The Mitsubishi Chemical Group is a specialty materials company that operates in four business fields: Performance Products, Chemicals, Industrial Gases, and Health Care. Around 70,000 employees around the world support people’s daily lives and global businesses by providing advanced chemistry-based solutions in the electronics, healthcare & life science, as well as other selected markets. Mitsubishi Chemical Group Corporation is listed on the Tokyo Stock Exchange Prime Market, with consolidated sales revenue of 3,976.9 billion yen in the fiscal year ended March 31, 2022. For further information, please visit our website: https://www.mitsubishichem-hd.co.jp/english/
About the Mitsubishi Chemical Group’s Business Incubator Growth Garage
Growth Garage is the Business Incubator of the Advanced Materials Division of the Mitsubishi Chemical Group. Our mission is to support and grow new ideas using our technologies and advanced engineering materials to help tackle some of today’s biggest engineering challenges. We are offering the opportunity for engineers and innovators to pitch us their ideas. Successful applicants will receive our full support, expertise and materials to help develop their projects from initial prototype to final product.
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