Borealis Innovation Challenge

Open innovation project that furthers a circular economy approach for plastics

Borealis aims to be a leading provider of high-value sustainable/recycled plastics for consumer applications such as packaging. The company wants to take an active and leading role in driving the change towards a circular economy for plastics.

How we reached the goals

Spinverse first organised first an open innovation strategy workshop with a group of key Borealis experts to discuss the critical development needs and opportunities for plastics recycling to high-value products. This set also the basis to define the type of partners, with whom Borealis could continue strategic collaboration. Spinverse then helped in defining a clear scope for the challenge together with Borealis, opened the call and managed the proposal submission system. Spinverse activated relevant companies and research teams to participate in the partner search and pre-ranked the submissions. Spinverse also organised the Borealis Innovation Day for the pitching final.

Key takeaways

Open innovation workshop gave important understanding on how to make open innovation projects and focused the scope for the Innovation challenge and related projects. Based on the partner search and joint evaluation of an extensive amount of potential partners by Borealis and Spinverse experts, finalists were selected to submit their finalized proposals and pitch their ideas at Borealis Innovation Day. Winners were provided with an opportunity for strategic collaboration with Borealis.

Photo by Borealis