GC3 Announces Preservative Challenge Winners; Sponsors Exploring Partnership Possibilities
This article was originally published in The Rose Sheet
Avisco, a biotech startup focused on the antimicrobial properties of the Inula viscosa plant, and IMD Natural Solutions, whose INS Glycolipid mushroom extract purportedly is “up to 80 times more effective than traditional preservatives,” are among winners named Aug. 6 by GC3.
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Trade group Cosmetics Europe launched an education and advocacy campaign in 2018 to address industry’s shrinking preservative palette, which many believe has reached “crisis proportions." Stateside, 2018 saw growing movement in the development and use of alternative preservative systems, while Cosmetic Ingredient Review activity accelerated around conventional go-tos.
J&J, P&G and other members of the Green Chemistry & Commerce Council (GC3) have issued a list of green chemistry technology needs for formulating personal-care and household products to guide submissions to a competition for innovative startups. Winners will present before potential development partners at a networking event in May 2018.
Aug. 24 is the deadline to submit early-stage preservative technologies for personal-care and household products to the Green Chemistry & Commerce Council’s Preservative Challenge, backed by a fleet of industry sponsors, including major chemical suppliers. GC3 says over 160 innovators have registered in the competition portal, with 15 submissions thus far and "a flurry of activity" expected in the final week.