Jyväskylä-based startup Spinnova has secured a substantial €1.9 million grant from Business Finland, earmarked for its research and development efforts spanning from April 15, 2023, to April 14, 2025. The startup’s technology converts materials like wood and waste into textile fibres without the use of harmful chemicals, thereby transforming the landscape of textile manufacturing. The grant, which constitutes half of the total projected project cost of €3.9 million, will propel Spinnova’s transformative work at the forefront of global textile manufacturing.
The product development project aims for pilot-scale production of SPINNOVA® fibre from textile and agricultural waste streams. The refining environment to be developed during the project can also be used for the recycling of SPINNOVA® fibre. The project aims to expand Spinnova’s technology offering by adding new refining and fibre recycling components, which could be used by factories producing SPINNOVA® fibre. This will open new strategic opportunities for Spinnova to expand its business. More energy-efficient refining is also expected to improve the competitiveness of the SPINNOVA® fibre.
“Business Finland’s grant supports our development work to become even more sustainable and competitive by being able to offer technology that can process multiple circular raw materials into textile fibre”, says Spinnova’s Chief Technology Officer and co-founder Juha Salmela.
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