News About Radical Plastics
Radical Plastics looking for a Business Development Manager
December 20, 2020
Plastic is one of the most important inventions of the last century. Plastics are strong, lightweight, cost-effective materials that have transformed our lives. Globally there is over 380 million tons of plastic produced each year and only 4% is recycled.
Every living creature on this planet is affected by plastic waste. Each year there is enough plastic in just the oceans to cover Australia in cling film. We all see and feel the effects of the millions of tons of plastic waste per year. The plastic is threatening our food supply, choking wildlife, and degrading human health.
Radical Plastics has developed a solution to eliminate plastic waste. Acclaimed plastic industry veterans Dr. Yelena Kann and Kristin Taylor developed a patented technology that involves blending conventional plastics with proprietary, naturally occurring compounds. The resulting Radical Plastics biodegrade fully in the environment leaving no residue, no toxic substances and no microplastics.
Plastic is omnipresent on farms. It is used to wrap silage, to cover crops, in tubing for irrigation, and to transport feed and fertilizer. The total U.S. agricultural plastics generation is estimated to be 816 million pounds. Of the total 816 million pounds, 126 million pounds is estimated to be horticultural film plastic. The options for farmers to recycle used plastics is limited because of soil contamination.
Radical Plastics initial product offering is Ag Film. After each growing season the product simply is tilled into the soil and the plastic will biodegrade.
This is an excellent opportunity for someone who wants to transform the plastics industry. You will be joining a powerful, diverse team committed to making a meaningful contribution in the battle against plastic pollution. You will be critical to our commercialization and growth strategy as we launch patented, biodegradable plastics.
We seek an accomplished Business Development Leader who has overachieved throughout their career and built strong, deep relationships with growers and food brands. The role will require working with the overall Agriculture ecosystem to help secure lighthouse customers, develop strategic partnerships, establish revenue, and build a pipeline of opportunities.
Identify, prioritize and execute business development agreements, including supply agreements, funded R&D projects, joint development, sales and licensing agreements
● Create and manage a robust pipeline of opportunities to facilitate growth and technology adoption
● Work with customers to identify key performance characteristics and succinctly communicate requirements back to the organization
● Lead strategic planning efforts to support technical validation with key customers from conception through commercialization
● Use CRM platform to document communications, manage pipeline, capture business opportunities and manage customer projects from inception to implementation
The ideal candidate will have a business and agriculture background. The right person will have a demonstrated ability to build and convey compelling value propositions and work cross-functionally.
● Experience leading strategic Go-To-Market activities for new product/solutions
● 5+ years experience in Market / Business Development in a related field (plastics, chemicals, agriculture)
● Exceptional written and oral communication skills as well as analytical, project management, research and planning abilities
● An understanding of plastics and/or agriculture and the ability to effectively communicate the value proposition to potential customers and stakeholders
● Bachelor’s Degree in appropriate specialty (preference for Chemistry, Materials Science, Life Science, Agriculture or Engineering), Advanced degree preferred
● Willingness and availability to travel overnight up to 25% to visit customers, suppliers and attend industry related events (post-Covid)
• Competitive salary, generous vacation policy and stock options
• 100% employer paid health and dental insurance benefits
• Access to a 401(k)
• Opportunity to work remotely on occasion
• Be an early employee at a cleantech start-up poised for incredible growth
It is the policy of Radical Plastics to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status or a person’s relationship or association with a protected veteran, including spouses and other family members, marital or domestic partner status, or any other category protected by federal, state and/or local laws. As an equal opportunity employer, Radical Plastics is committed to a diverse workforce.
Radical Plastics Raises $1.435 Million in Early Stage Venture Capital Funding
October 13, 2020
Good Growth Capital led the funding round with participation from Hub Angels, Vector Advisors, Safar Partners and existing individual investors
Beverly, MA, October 13, 2020 – Radical Plastics, the developer of biodegradable plastics technology raised $1.435 in an over-subscribed deal led by Good Growth Capital with the support of other VC firms and private investors. The funds will advance the company’s efforts to promote the use of its patented biodegradable plastics technology to eliminate plastic pollution. Initially targeting soil degradable applications in agriculture, Radical Plastics will begin to scale commercial applications in the next twelve months. This will allow the company to expand into other pollution-prone applications such as plastic bags, paper coatings and flexible packaging.
“We are excited to have strong support from our investors. This will enable the company to make a significant contribution in the battle against plastic pollution,” said Kristin Taylor, CEO, Radical Plastics. “Our focus is on engineering new materials that offer the economics, high-performance and advantages of traditional plastics with one key difference. These redesigned plastics won’t persist in the environment long past their useful life.”
Founded by Kristin Taylor, CEO/Co-Founder and Dr. Yelena Kann, CTO/Founder, the woman-owned business holds a patent for its core technology, which uses a naturally-occurring, fine mineral powder as a catalyst to convert non-biodegradable polyolefins into biodegradable plastics. When exposed to outdoor environmental conditions, the catalyst system creates a free-radical reaction within the polymer that degrades the material completely into a fully biodegradable wax that microbes can metabolize turning it into biomass, CO2 and water.
“Good Growth Capital looks for winning teams and winning technology, and Radical Plastics has both. An experienced team who has worked in the plastics industry – focusing on biodegradability for 30 years,” said Maureen Stancik Boyce, Ph.D., Managing Partner, Good Growth Capital. “We are thrilled to see the momentum with Radical Plastics’ commercialization, as the market is responding with commercial trials and inbound demand for the technology.”
The company is targeting the agriculture industry as a first market, which is a significant consumer of non-degradable, commodity plastics on a global scale. The Radical Plastics technology blends conventional plastics with its proprietary catalyst to produce completely biodegradable plastic compounds. This game-changing technology provides brand owners and converters with an economically viable, biodegradable, drop-in replacement for conventional plastics: A win for both the industry and the environment.
About Radical Plastics
Radical Plastics, a woman-owned privately held business, develops economical plastic compounds that have the same outstanding performance as conventional plastics, but with the added benefit of complete and efficient biodegradability. Headquartered in Beverly, MA, the company is commercializing a patented drop-in replacement solution for high-polluting, commodity plastics used in agriculture, bags and flexible packaging. For more information, visit www.radical-plastics.com.
About Good Growth Capital
Good Growth Capital (GGC) is an early-stage venture capital firm known for its exceptional expertise in finding, assessing and developing complex science and technology start-ups. Formed by a team of experienced operators, GGC’s strong capacity for understanding early-stage science and technology investments enables them to invest well at an earlier stage than most venture capital firms, giving priority access to high-performing investment opportunities. GGC invests in seed-stage and Series A deals through the General Fund family and in pre-seed and seed-stage companies through the Infinite Corridor Fund, which primarily targets MIT-affiliated and transformative science start-ups. GGC is majority woman-owned and is uniquely positioned geographically in both the Southeast and New England. For more information, visit www.goodgrowthvc.com.