Knoxville startup company Grow Bioplastics was selected as one of four finalists in the 2017 Farm Bureau Rural Entrepreneurship Challenge for its biodegradable plastics made out of lignin to eliminate oil-based plastics for farmers, home gardeners and greenhouse and nursery managers.
The company was awarded $15,000 for being selected and will compete at the American Farm Bureau Federation's 98th Annual Convention & IDEAg trade show in Phoenix in January.
The challenge judges looked at each business owner's idea, potential impact that that idea on the agriculture industry across the nation, the traction the company had and the team the company put together, Tony Bova, co-founder of Grow Bioplastics, said.
Grow Bioplastics' product would help farmers save money and reduce waste sent to landfills, Bova said.
"In the farming industry, especially crop growers, a lot of them use plastic films, mulch films, to lay over their field to increase the amount that can grow," Bova said. "Now they have to be ripped off the field and sent to the landfill at the end of the season. It costs at least $100 an acre or more, so our technology would allow them to buy a biodegradable plastic at the same price, and then they can plow the plastic into the field to break down naturally."
The company will pitch its product to a panel of judges and attendees at the final conference Jan. 8 in competition for the Rural Entrepreneur of the Year award and $15,000, which Grow Bioplastics would use to create prototypes of its product for farmers to test.