OrganoClick receives funding from Vinnova of SEK 815 000

OrganoClick AB (publ) has received funding of SEK 815,000 from Swedish governmental innovation agency Vinnova for a development project around bioplastic polymers. The project will be performed in collaboration with the Institute of surface chemistry (YKI) which is part of SP Technical Research Institute of Sweden. 

The funding comes from Vinnova's program "Innovation projects in companies". The project will be performed during a period of 2 years and aims at developing new products for textiles ans paper in which bioplastic polymers will be an integral part.

For more information please contact:

Mårten Hellberg

CEO, OrganoClick AB (publ)

Phone: +46 8 684 001 10

Email: marten.hellberg@organoclick.com

About OrganoClick

OrganoClick AB (publ) is a public Swedish cleantech company listed on Nasdaq First North. The company develops, produces and markets functional materials based on environmentally friendly fiber chemistry. Examples of products that are marketed by OrganoClick are the water repellent fabric treatment OrganoTex®, the flame and rot-resistant timber OrganoWood® and biocomposite materials. OrganoClick was founded in 2006 as a commercial spin-off company based on research performed at Stockholm University and the Swedish University of Agricultural Sciences within environmentally friendly fiber chemistry. OrganoClick has won a number of prizes, such as "Sweden's Most Promising Start-up" and "Sweden's Best Environmental Innovation", and has also received a number of awards, such as the WWF "Climate Solver" award and has also appeared for two years on the Affärsvärldens and NyTekniks list of Sweden's top 33 hottest technology companies. OrganoClick has its head office, production and R&D located in Täby, north of Stockholm. OrganoClick's Certified Adviser on Nasdaq First North is Pareto Securities AB.