Verretex obtains CHF 150,000 from Venture Kick to create circular-glass fiber textiles
Summary
Due to rising costs, supply chain pressures, and sustainability regulations, industries like aerospace, automotive, and wind energy urgently need recycled glass fiber textiles to replace virgin materials. This approach restores the fibers strength and durability, offering industries a cost-effective and sustainable alternative to virgin materials. The company is already working with automotive, aerospace, sporting goods, and wind energy sectors to develop next-generation recycled glass fiber products.Verretex will employ the CHF 150,000 from Venture Kick to advance business development by expanding customer engagements, scaling pilot projects, and strengthening industry partnerships. The funding will also support market entry strategies, certification, and supply chain development to ensure its recycled glass fiber solutions meet industry standards and commercial demands.The founding teamCEO Mitchell Anderson, COO Lidia Rocoffort de Vinni\xe8re, CFO Pierre W\xfcst, and CSO Nour Halawanibrings expertise in composites, sustainability, and business development to launch Verretex. Drawing on their experience at EPFL, IMD, and in industry, they developed a scalable solution to transform recycled glass fibers into high-quality, sustainable products, positioning Verretex as a leading EPFL spin-off.Our experience with Venture Kick has been crucial in shaping Verretexs growth, offering not only essential funding but also invaluable mentorship, emphasized CEO Mitchell Anderson.