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Overview
At StarchTek, we are replacing plastics with biomaterials, working to replace styrofoam packaging with our sustainable, patented StarchaFoam™.
We teamed up with Michigan State University to leverage their work to date, merge our technologies, and create a green Foam alternative that’s biodegradable and can even dissolve in your kitchen sink. We are on a mission to abolish Styrofoam pollution by making our eco-friendly affordable StarchaFoam™ and by working on future solutions to replace more plastic.
All StarchTek products are currently in development and not yet available on the market.
THE Problem
There’s a lot of plastic out there, we all know that. In fact, an estimated eight million tons of plastic, basically over 26,000 747 planes, are swept into our seas and oceans annually (source).
Expanded PolyStyrene (AKA: Styrofoam) is a wildlife killer, as it creates an overwhelming amount of seafoam.
That’s because it’s petroleum-based non-biodegradable, which the EPA and International Agency for Research on Cancer consider PolyStyrene a “possible human carcinogen” and “that such materials can have serious impacts upon human health, wildlife, and aquatic environment, and the economy,” (source).
the solution
Shipping sustainable foam, safely to your home!!!
We are on a mission to abolish Styrofoam usage for food, medication, furniture, appliances, and electronic packaging.
By offering legacy packaging manufactures, a turn-key solution to replace EPS (aka: Styrofoam), with our eco-friendly StarchaFoam™ - we are bringing to market a 100% starch-based compostable foam with outstanding sustainability properties unavailable in Styrofoam yet protects and keeps cool, like Styrofoam.
*The above is a prototype of a future product. Product is still currently under development not yet available on the market
This modified starch-based manufacturing licensed solution uses our sustainable…
Our technology offers the following benefits, all sustainable and biodegradable:
*The above is a prototype of a future product. Product is still currently under development not yet available on the market
Not to mention, it even can dissolve in water
We are developers of new green packaging solutions that we license our formulation & process and sell the raw-materials to packaging manufacturers. We have a subscription business model similar to major printer businesses - ones that practically give away the printers, but make money from selling ink.
StarchTek works similarly, as we charge a minimal licensing fee, but we mark up (50% to 100%) the raw material our customers perpetually need, and are required to order through us, per the licensing agreement.
The company plans on taking advantage of the great demand that is building for bioplastic packaging. StarchaFoam™ competes directly with EPS/Styrofoam and breaks new cost/performance/sustainability barriers with price per ton starting at $1,353, versus EPS/Styrofoam, at $2,100 per ton.
The increasing oil prices will further positively impact the demand for StarchaFoam™ over EPS/Styrofoam.
Please note the below economics chart is subject to change once the StarchTek product is on the market and may vary depending on costs.
The market
The protective packaging market is growing at a 6%+ annual rate, growing from $33 billion to $40 billion in just the next few years (source).
*TAM (Total Addressable Market), SAM (Serviceable Addressable Market), SOM (Serviceable Obtainable Market)
Not to mention…
Other major protective packaging companies have caught the market’s and investors' attention recently (source). But how StarchaFoam™ stands out is that we provide almost the same protection, but 66% thinner, less expensive to make, and requires 5x less capital to install.
*The above is a prototype of a future product. Product is still currently under development not yet available on the market
our traction
At our core is our partnership with Michigan State University and our exclusive rights to their ten chemically modified starch patents.
Additionally, StarchTek has achieved the following milestones:
why invest
We are here to protect packages and our planet by insulating and cushioning well, at an affordable cost.
Why is this the right time and place? It’s the perfect storm…
1) Governments are banning plastics
2) The environment has been suffering
3) Consumers are fed up with plastic pollution and are demanding a green solution
Be part of the plastic pollution solution and Invest in StarchTek….invest in a brighter, environmentally conscious future.
StarchTek offers a turn-key starch-based manufacturing licensing solution as an alternative to dreaded Styrofoam. Using our sustainable patented formulations, extrusion process and proprietary equipment. StarchTek is in the prototyping stages with 8 patents - aiming to launch products in 2023.
By age 25, Mr. Dubuk received a Bachelor of Science & MBA and began his finance career in the life insurance industry during the junk bond climb and eventual demise. Ever the solution provider, Mr. Dubuk shortly thereafter started his own boutique investment banking firm (Accord Financial Services “AFS”) that grew to $50MM AUM, mainly from high net worth entrepreneurs looking for i) High Yield Life Insurance Strategies, ii) Direct Lending Opportunities: Subprime-RE/Subprime-Auto/Factoring/Lease-Paper, iii) Government Redevelopment Capital and iv) Strategic Business Development & Funding
By 2004, 16 years later, Mr. Dubuk moved into operations of the then thriving market; Subprime-Auto. Mr. Dubuk Co-founded Integrity Capital Management “ICM”) which focused on the Houston used automobile market. The ICM team led by Mr. Dubuk placed, managed, and grew the portfolio to $30MM from private investors and Wall Street capital. As the “2009 global nuclear financial winter” arrived, Wall street went into hibernation and the equity partners elected to run off the portfolio for self-preservation reasons.
Having a good understanding of the immigrant underserved market, Mr. Dubuk then engaged with Fundamo LTD to bring mobile payment services to the unbanked US market. Specifically, the large money transmitting corridor between Hawaii and the Philippines by partnering with a prepaid phone carrier in Hawaii and G-Cash in the Philippines, to overpay the phone bill and remit the difference back home. VISA acquired Fundamo in 2011.
Thereafter, Mr. Dubuk applied his skills and experience in working with startups in the Sustainable Foods and Cold Chain Packaging Markets holding the position of CFO, SVP-Strategy & Finance and at times, the de-facto CEO and raising over $35MM in equity capital at valuations as high as $40MM. Hence, Mr. Dubuk brings the experience and knowledge to understand and leverage the key drivers the market and the investment world is looking for in all functional areas of a business: Finance, Accounting, Human Resources, Legal, Marketing, Sales, Public Relations, Business Development, Supply Chain, Manufacturing, Engineering, R&D, Investor Relations.
Mr. Dubuk offers a unique skill set with his mathematical and creative talents together with his manufacturing, investment, operations and multiple asset class experience and global strategic networks, for companies that are looking to grow.
Mr. Coltun currently serves as the Director of Process and Automation for a major engineering and technology firm located in northern California. He graduated with a BS degree in Chemical Engineering from Purdue University, and a MS degree in Engineering from University of Wisconsin-Madison. He is currently a licensed Professional Engineer in the State of California and is a Certified Automation Professional through the International Society of Automation.
Dr. Graham M. Chapman
Organic Chemist - Consultant
Dr. Graham currently serves as a Consulting in the field of specialty plastics, particularly biodegradable and water-soluble plastics, waste management and novel materials. Client companies in the UK, USA, Canada, Germany, Middle East, Denmark the Director of Process and Automation for a major engineering and technology firm located in northern California. He graduated with a MA from Cambridge University in Organic Chemistry/Natural/Sciences/Chemistry/Mathematics/Biochemistry and Physics. He also hold a Ph.D. degree from Imperial College in London in Organic Chemistry. He is a Member of ASTM D20.96 Committee for Degradable Plastics
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Time-Based:
Friends and Family Early Birds
Invest within the first 5 days and receive 15% bonus shares
Super Early Bird Bonus
Invest within the following 72 hours and receive 10% bonus shares
Early Bird Bonus
Invest within the following 5 days and receive 5% bonus shares
Amount-Based
Bronze Investor | $5,000+
Invest $5,000 and receive 5% bonus shares.
Silver Investor | $15,000+
Invest $15,000 and receive 10% bonus shares.
Gold Investor | $30,000+
Invest $30,000 and receive 20% bonus shares.
Diamond Investor | $60,000+
Invest $60,000 and receive 25% bonus shares.
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
StarchTek Corp. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $10.00 / share, you will receive 110 shares Common Stock, meaning you'll own 110 shares for $1,000. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any).
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Salary payments made to one’s self, a friend or relative. Vendor payments. Any expense labeled “Travel and Entertainment”. Inter company debt or back payments.
Members get an extra 10% shares in addition to rewards below!
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Cancel anytime before 48 hours before a rolling close or the offering end date.
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