SPNV
Industry:
Paper, Containers, & Packaging
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DESCRIPTION

Spinnova is a Finnish materials technology company that develops a proprietary mechanical process to produce textile fibre from wood pulp and recycled feedstocks, such as leather and textile waste. The company's fibre, branded as SPINNOVA, replicates the look and feel of cotton without using harmful chemicals or dissolving cellulose, allowing apparel brands to process it within existing textile supply chains for applications like denim and outdoor wear. Spinnova operates an early-stage technology licensing model, aiming to sell its production platform to industrial partners who build and operate full-scale fibre plants. Spinnova plans to generate revenue through technology sales and engineering services, recurring licensing royalties, and direct fibre sales from its demonstration facility in Jyväskylä, Finland. The company also operates a joint venture with ECCO, called Respin, to commercialize fibre made from leather waste. Spinnova's strategy centers on validating its production process at its demonstration plant, collaborating with apparel brands to create demand, and securing industrial partners to fund and deploy commercial-scale manufacturing facilities.

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