Avery Dennison Corporation has launched Cohort 03, a program expansion that incorporates new challenges and a global reach to the rapidly maturing AD Stretch accelerator.
Cohort 03 will focus on three challenge areas: the development of next-generation energy storage materials, maximizing consumer experiences and improving sustainability.
The program welcomes startups from across the globe to collaborate in tackling tangible business issues. AD Stretch offers nondilutive pilot-based accelerator programs to startups with proven sales and go-to-market experience, the ability to innovate and the vitality to engage with Fortune 500 company Avery Dennison. The accelerator aims to unite the financial, R&D and vast technical resources of Avery Dennison with startups to create impactful solutions.
According to Shruti George, vice president, strategic innovation platforms, Avery Dennison Materials Group, AD Stretch Cohort 03 builds on the foundation and achievements of past program cohorts while looking to the future for program growth and expansion.
In just 18 months, the AD Stretch accelerator program has grown from launch mode to a program that’s fielded more than 500 applications from more than 35 countries and created pilot programs for 14 startup businesses. Startups can apply for acceptance to AD Stretch Cohort 03 from September 5 to November 27, 2023.