Tom Ford Plastic Innovation Prize Awards

Tom Ford Plastic Innovation Prize Awards

Tom Ford and 52HZ are offering $1.2 million to the innovators who create the best replacement for thin-film plastic: one that can be used in everything from polybags to single-use etc. The Tom Ford Plastic Innovation Prize is a two-year competition, followed by three years of support for competition finalists designed to incentivise the development and adoption of these alternatives to thin-film plastic. 

The prize will catalyse the use of scalable, biologically degradable thin-plastic alternatives through an open innovation process, rigorous scientific and technical analysis, and in-depth partnership and facilitation activities.

The first round of the competition involves an initial submission where teams will be required to complete a detailed Submission Template outlining their innovation and describing how it aligns with the competition criteria. Up to 10 competitors will be selected as finalists and share in a milestone prize award of $200,000 to encourage the development of their technologies. Finalists will participate in the final round of the competition by providing samples of their materials for third-party lab testing. Prize winners will be selected based on a review of these results plus supporting materials. Three prize winners will share in a prize pool of $1 Million in investment capital and then move into the Accelerator phase of the competition.