RHA Ventures has made a strategic investment in Materia Bioworks, a Canadian startup focused on replacing petroleum-based plastics with sustainable materials through its innovative machine learning platform.

Information on the Target

RHA Ventures Inc. has announced a strategic investment in Materia Bioworks Inc., a Canadian startup dedicated to innovating the development and launch of sustainable products. Materia Bioworks utilizes its pioneering machine learning platform, known as MAPS (Materials Application Prediction System), to revolutionize the research and development processes of brands and manufacturers. This cutting-edge system enables companies to substitute petroleum-based plastics with high-performance sustainable materials more efficiently, economically, and intelligently.

Materia Bioworks is actively engaged in pilot projects with prominent brands across various industries. The company is simultaneously constructing a dynamic marketplace that connects material suppliers with innovators seeking to commercialize next-generation sustainable products, positioning itself as a vital player in the sustainable materials sector.

Industry Overview in Canada

Canada is becoming increasingly recognized for its proactive stance on sustainability, particularly within the materials industry. Stricter regulations surrounding plastic usage have placed heightened pressure on businesses to transition