Sway, a startup which came to life on the California coast, isn't just looking to create a flexible plastic alternative derived from seaweed — it wants to 'sway' the future of materials with its regenerative approach. The material is designed to outperform plastic technically, socially, and environmentally, and it gained major traction when it was still only a concept. Now with a USD 2 million seed fund, a USD 600,000 prize fund, and Tom Ford's stamp of approval under its belt, it sits on the cusp of significant market cut through. It's early days, but clearly this is a material worth betting on.
Seaweed can grow up to 60 times faster than land-based crops
Sway has raised over USD 3.1 million in prize funds and seed funding
Sway disappears entirely in less than 48 days
Sway expects to reach a competitive price by 2027. In the meantime, the material will come at a premium. Are you able to bridge the gap in order to help scale a regenerative solution?
According to Marsh, testing revealed that many US consumers just 'don't get' composting due to a lack of availability. Can you increase circular material literacy or make connections to composting schemes?
Sway highlights the benefits of plastic it aims to mirror, rather than completely damning the material, which helps to smooth the transition when working with conventional plastics manufacturers. Can you take a diplomatic approach so as to convert rather than alienate people who could become part of the solution?