Sky Ocean Ventures, the media-powered have an effect on funding fund, has introduced investments value a million kilos into two new blue start-ups – Algramo, a merchandising gadget distributor from Chile and EcoFlexy from Denmark.

Both companies have been recognised on the inaugural ‘Ocean Plastic Innovation Challenge’ (OPIC) in Washington, a world seek, through Sky Ocean Rescue and National Geographic, for cutting edge answers to lend a hand take on the arena’s single-use plastic downside.

Jamie Rowles, head of investments at Sky Ocean Ventures commented: “The awareness around single-use plastic has led to a real advent of an area that we’re calling blue tech – businesses developing ideas that are solving the plastic crisis and influencing consumers to reduce their single-use plastic use”. He added: “It’s an issue that affects everyone across the world and we’re excited to help these two brands support people in their countries around the world.”

 Algramo is actually translated from local Chilean as ‘by the gram’. It distributes merchandising machines containing basic items that have been historically bought in small plastic sachets. These are actually to be had for communities in handy, good and reusable packaging.

The 2d funding is EcoFlexy. It makes use of a pioneering new option to turn out to be fruit waste into a brand spanking new type of plastic unfastened packaging.

The two corporations, selected from a pool of 300 from around the globe, are main through instance through becoming a member of Sky’s campaigns within the battle towards single-use plastic and feature demonstrated the determination required to lend a hand others scale back and switch off the plastic faucet.

Sky Ocean Ventures in partnership with Sky Ocean Rescue has been main tips on how to make a distinction within the country’s attitudes and behaviours in opposition to unmarried use plastic. Set up in March 2018, with capital from Sky, Sky Ocean Ventures is pushed in opposition to financing corporations tackling ocean plastic.