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2010 Top 10 Finalist Solegear receives Product Innovation Award

Vancouver’s Solegear Bioplastics announced today that they have been recognized by Frost & Sullivan with the 2010 North American Award for New Product Innovation of the Year for its Polysole® Bioplastic.

Earlier this week the New Ventures BC judges selected Solegear Bioplastics as one of the 10 Finalists for the the 2010 competition.

In June, Solegear announced its commercialization of Polysole and its biocomposite product, Traverse. Since that time, and exceeding initial projections, Solegear has attracted and delivered product to customers across North America. Solegear now has a pipeline of business worth over $4 Million in recurring business for 2011.

Solegear is nearing the end of raising Series A investment and has decided to immediately pursue further funding due to its rapid growth and recognized market position.

This entry was posted on Wednesday, September 1st, 2010 at 4:13 pm and is filed under 2010 Competitors. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “2010 Top 10 Finalist Solegear receives Product Innovation Award”

  1. Solegear Bioplastics recognized as 2010 Best Green Business by CYBF | New Ventures BC Says:
    November 24th, 2010 at 11:44 am

    [...] & Sullivan, a leading global market research firm, recently presented Solegear with the 2010 New Product Innovation of the Year Award in Bioplastics before Solegear won an unprecedented three awards at the BCIC New Ventures [...]