27-10-2016 Innovative bioproduct company Paptic awarded for the most promising growth prospects Finland's largest sparring program for SME companies, Kasvu Open, granted the Kasvu Open Gaselli Award for the first time yesterday 26 October in Jyväskylä, Finland. Kasvu Open selected ten Finnish companies with the most promising prospects for growth to join a visit to Silicon Valley for five days in January 2017. Innovative bioproduct company Paptic was chosen as one of the awarded.

Paptic is a Finnish start-up company developing, producing and marketing innovative woodbased packaging material. PAPTIC® material is an alternative to non-renewable oil-based plastics. It is renewable, recyclable, re-usable and resource efficient. The most important component of PAPTIC® is sustainably sourced wood fibre. The material can be converted by paper and plastic converting lines enabling multitude of product applications. The first target of PAPTIC® are the carrier bags of sustainability oriented brand owners and retailers. The scalable business model is based on exploitation of existing paper industry infrastructure.

During visit to Silicon Valley the winner companies will receive a tailor-made schedule for their growth plans, opportunities to network with local investors and take part in intensive sparring and workshops with top experts. The companies will also gain visibility on Nasdaq's video screen on Times Square in New York. The Kasvu Open Gaselli Award is made possible by Nasdaq, Boardman 2020, Finnair, East Consulting Oy, KPMG, Sherpa and Jyväskylä University of Applied Sciences.