The StarchTek offering is now closed and is no longer accepting investments.

StarchTek

Replacing plastics with biomaterials

StarchTek

Replacing plastics with biomaterials

WILMINGTON, DE
Clean Technology
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.

$125,079

raised
82
Investors
$10.6M
Valuation
$10.00
Price per Share
$500.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left

$125,079

raised
82
Investors
$10.6M
Valuation
$10.00
Price per Share
$500.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on September 02, 2022 and is no longer accepting investments.

Reasons to Invest


  • MINIMIZE STYROFOAM CONSUMPTION: We have safe, eco-friendly, and cheap alternatives to Styrofoam. AND, more solutions are coming.  


  • BIG OPPORTUNITY: 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)


  • THE PERFECT TRIFECTA STORM:  i) Governments are banning Styrofoam, ii) the consumer is demanding green packaging solutions, and iii) our environment is pleading for us to stop polluting– a Perfect Storm, for StarchaFoam

Overview


Na na na na, hey hey, Goodbye Styrofoam, hello StarchaFoam  

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


The global Styrofoam battle


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


StarchaFoam protects packages while protecting our environment…


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… 


  • Patented formulations
  • Extrusion process
  • Proprietary equipment


Our technology offers the following benefits, all sustainable and biodegradable:


  • Excellent Functionality: Insulation, cushioning, and surface protection
  • Contribution to minimizing the global plastic pollution problem
  • Striving to make our planet a cleaner and safer place
  • Eliminates filling up the black trash box with bulky Styrofoam
  • Increasing customer satisfaction knowing they are using green packaging and that is less annoying than Styrofoam particles (all over the house)
  •  A great alternative to support global governmental Styrofoam bans   


*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 market shows us that people want green alternatives


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…


  • Over 59% of pharmaceutical R&D investments are into drugs that will require temperature control packaging (source). 
  • U.S. e-commerce jumped 49% in April, FY 2020, compared to the baseline period in early March before shelter-in-place restrictions came into effect. Online grocery helped drive the increase in revenues, with a 110% boost in daily sales between March and April. Meanwhile, electronic sales were up 58%, and book sales have doubled (source).
  • The demand for protective packaging in the e-commerce industry is set to witness unprecedented growth as a result of the rapid strides in consumer electronics sales in e-retailing. This market segment was non-existent a decade ago; however, the pace of growth in e-commerce has picked up and has given rise to this fledgling segment in the e-commerce protective packaging market (source).

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


A realistic IP roadmap with solutions vetted by engineers and scientists


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:


  • Developed multiple formulas for StarchaFoam with different types of starch, since the prices of starch range from $.19 to $.81 per pound.
  • Designed multiple solutions with cost-efficient formulas
  • Developed a proprietary extrusion process 
  • Designed and manufactured proprietary extrusion dies
  • Developed extensive interest and strategy validation from raw material processors, large paper companies, and packaging manufacturers (even the Styrofoam makers)
  • Attained nonbinding commitments from prospective hires; engineers & scientists.

why invest


We aim to be a market leader in starch-based foam solutions


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.


Offering Summary


Company

:

StarchTek Corp.

Corporate Address

:

3911 Concord Pike #8030, SMB 12973, WILMINGTON, DE 19803

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,070,000.00

Minimum Investment Amount

(per investor)

:

$500.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

1,000

Maximum Number of Shares Offered

:

107,000

Price per Share

:

$10.00

Pre-Money Valuation

:

$10,622,670.00











*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.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$8,186.00 USD
$9,807.00 USD
Cash And Cash Equivalents
$694.00 USD
$0.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$183,832.00 USD
$23,992.00 USD
Long Term Debt
$41,600.00 USD
$0.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$203,314.00 USD
-$25,134.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

REMEMBER TO FOLLOW US ON SOCIAL MEDIA...THANK YOU!

about 1 month ago

LAST CHANCE TO INVEST @ CURRENT VALUATION

about 1 month ago

We received a recent comment that we completely agree with and are working on (see  below)...This is a great reason to invest today!  Thank you! - J. Danny Dubuk

RECENT COMMENT:  Please work on getting a contract with AMAZON and/or Walmart.
They ship millions of packages everyday.
This company will 100x or even 1000x if a deal is signed with Amazon.

2 Days Left To Join The StarchTek Mission

about 1 month ago

We are humbled and grateful for the new 70+ StarchTek partners that have joined us through Start Engine.  There are a few days left for the many followers to still join StarchTek, as we head into a very exciting end of 2022.    


Thank You!!!!!

J. Danny Dubuk - President 

TIME IS RUNNING OUT!

about 1 month ago

THERE ARE ONLY A FEW DAYS LEFT IN OUR CAMPAIGN AND WE NEED YOU ON OUR TEAM...THIS IS THE TIME TO INVEST.


Thank you!

J. Danny Dubuk - President

STARCH PLASTICs HAVE BEEN AROUND FOR A WHILE & SO HAVE ELECTRIC CARS....

about 1 month ago

https://archive.timesrecordnews.com/topstories/back-in-the-day-gremlin-electric-died-with-its-namesake-car-2898277b-217f-103c-e053-0100007f37a5-366555361.html/


However, recent advances in modified starches and extrusion processes, have created the nextgen. StarchTek opportunity...  

GREAT QUESTIONS FROM FACEBOOK, ABOUT STARCHAFOAM

about 2 months ago
We received many comments on our Facebook page but these 2 questions (see below) stood out to me because they are valid...to a degree since there are more factors that need to be included.  For example:
How much does it cost to clean up one-time-use plastic pollution?
What is the impact (financial losses) from one-time-use plastic pollution on fisheries? on ocean wild life in general?


QUESTION: So what are the amounts of energy, pollution created, and infrastructure/transportation required for these products to both be made and ecogically disposed of compared to Styrofoam and the plastic products they replace?


QUESTION: Do the new material products provide the same degree of user friendliness and lifespan of what they are replacing?
These are SOME of the realistic questions that must be asked when looking at the ecological impact of manufacturing?


ANSWER:  https://www.sciencedirect.com/science/article/pii/S0921344917302793 





IMPORTANT: ONLY 17 DAYS LEFT

about 2 months ago

The STARCHTEK campaign will end in 17 days as we  anticipate a promising 2022 fourth quarter.

PROGRESS IN STARCH-BASED MATERIALS FOR FOOD PACKAGING APPLICATION

about 2 months ago

STARCH FORMULATION DETAILS TO THE STARCHTEK OVERALL OPPORTUNITY:  the food packaging sector generates large volumes of plastic waste due to the high demand for packaged products with a short shelf-life. Biopolymers such as starch-based materials are a promising alternative to non-renewable resins, offering a sustainable and environmentally friendly food packaging alternative for single-use products. This article provides a chronology of the development of starch-based materials for food packaging. Particular emphasis is placed on the challenges faced in processing these materials using conventional processing techniques for thermoplastics and other emerging techniques such as electrospinning and 3D printing. The improvement of the performance of starch-based materials by blending with other biopolymers, use of micro- and nano-sized reinforcements, and chemical modification of starch is discussed. Finally, an overview of recent developments of these materials in smart food packaging is given. 


https://www.researchgate.net/publication/357858594_Progress_in_Starch-Based_Materials_for_Food_Packaging_Applications

CAMPAIGN EXPIRES IN 22 DAYS

about 2 months ago

AFFORDABILITY IS KEY

about 2 months ago

I search on google for affordable plastic-free solutions and I get many results.   Initially, it appears that StarchTek is late to the game because there are multiple solutions.  However, a deeper dive,  indicates a massive opportunity for StarchTek because the operative word is AFFORDABLE. 

Yes! consumers and corporate America love green packaging but they don't want to pay more for it than plastic solutions.  Hence, the challenge and opportunity is in the unit economics.  That is why we are utilizing your investment proceeds to further maximize our IP parameters as illustrated in the attached StarchTek IP diagram.

Sincerely, 

J. Danny Dubuk - President  

"STARCHTEK one of the top companies of the month by Kingscrowd"

2 months ago

Check out this article on us by Kingscrowd: https://kingscrowd.com/impact-investing-june-2022/

STARCHTEK VIDEO CLIP

2 months ago

Dear current and future investors, a StarchTek video clip was produced to better tell our plastic-free StarchTek story.  I trust you will find it useful.  You can find it on the front page of our crowd funding campaign;https://www.startengine.com/starchtek , or by clicking the little arrow icon or by going to the following link https://vimeo.com/733121522  .   Thank You!


Regards

John Danny Dubuk     

New Report Reveals U.S.’s Significant Role in Plastic Pollution Crisis

3 months ago

Oceana Calls for Federal Action to Curb Single-Use Plastics Polluting Our Oceans

https://usa.oceana.org/press-releases/new-report-reveals-u-s-s-significant-role-in-plastic-pollution-crisis/

We at StarchTek are pushing Oceana to support our cause because they can open up many doors for us, since our goals align.

I encourage you to read the article, and contact the individuals below to visit starchtek.com to support private industry in developing affordable plastic-free solutions.  Thank you!

Regards, J. Danny Dubuk 

Contact:

Melissa Valliant  410.829.0726 (cell)
Dustin Cranor, APR  954.348.1314

INTERVIEW: StarchTek Founder John Danny Dubuk on the Power of Starch-Based Materials

3 months ago

https://kingscrowd.com/founder-profile-starchtek-john-danny-dubuk/

Styrofoam is a convenient material that can help insulate a steaming cup of coffee and keep breakable goods safe through transit. But like many everyday conveniences, it’s bad for the environment. Styrofoam is littered more than any other material, makes up 30% of landfills throughout the world, and releases harmful chemicals as it slowly decomposes over half a millennia.

MORE LEGISLATION IN FAVOR OF STARCHAFOAM

3 months ago

Governor Newsom Signs Legislation Cutting Harmful Plastic Pollution to Protect Communities, Oceans and Animals

 https://www.gov.ca.gov/2022/06/30/governor-newsom-signs-legislation-cutting-harmful-plastic-pollution-to-protect-communities-oceans-and-animals/

https://www.latimes.com/environment/story/2022-06-30/california-new-law-phase-out-single-use-plastics-containers

https://www.npr.org/2022/07/01/1109289220/california-rules-reduction-plastics

This is part of the "perfect starchafoam storm"...Governments, Consumers, Legacy-Packaging-Giants, The-Ocean-Police, and The Environment All Want A Plastic-Free Alternative and Starch, is The Ideal Natural Polymer To Meet This Demand; It is Biodegradable,  in Abundance, and Annually Renewed.

It was the deal of the century. Microsoft retained all the rights to DOS and the money started pouring in.

3 months ago

StarchTek is emulating the Microsoft Strategy.

Microsoft purchased their first operating systems from Seattle Computer Company (DOS) for less than $100K and never mentioned the IBM name, Bill Gates & Paul Alen added added some technology to DOS, renamed it MS-DOS, and delivered the operating software to IBM, but attained exclusive licensing rights for MS-DOS.  The rest is history.

https://www.windowscentral.com/microsoft-bought-ms-dos-os-early-ibm-pcs-july-27-1981

https://apennings.com/how-it-came-to-rule-the-world/microsoft-and-the-ibm-pc-case-study-the-deal-of-the-century/

Since day one, I utilized a very lean start-up strategy to leverage outstanding starch-based plastic technology and avoided trying to compete with legacy packaging companies.  I believe in working with the legacy giants.

Therefore, I went to Michigan State University, attained the exclusive rights to 8 patents in exchange for a 5% ownership stake in StarchTek,  agreed to eventually fund R&D for StarchTek benefits, established a partnership with one of the leading extruder manufacturers, and developed the StarchTek proprietary formulations and processes to layer on top of the Michigan State University technology.  Now, we are in talks with multi national companies interested in licensing StarchTek starch-based plastic technology.  We are in the process of establishing partnerships with the "IBM's" of the packaging industry.

I find the Microsoft story fascinating, educational and applicable to StarchTek.  I hope you agree and find it useful.  Thank you!


Sincerely,


J. Danny Dubuk - President




CORN STARCH PACKAGING: IT'S THE NEW POLYSTRYRENE

3 months ago

We could not agree any more!!! Because our solution is corn starch and one of our solutions, can be recycled (blue bin).  Great Read!


StarchTek Business Development

3 months ago

While we are humbly experiencing a great beginning to our Start Engine campaign, we are also making great progress in business development among the large US Styrofoam manufactures, multinational paper companies, and home food delivery businesses; that rely on Styrofoam to keep their perishables cold.  In our talks with our future customers (after signing NDA's), we realize that our experience and knowledge of the starch unit economics packaging solutions, is a big differentiator.  Because, most people want an eco-friendly packaging solution, they just don't want to pay for it.  Yet, we show how StarchaFoam, is not only a great eco-friendly alternative to Styrofoam, but it is a great economical/eco-friendly/high-performing alternative, to Styrofoam.   

Welcome and Thank You!

4 months ago

Dear Investors, I want to thank you for being the first investors to entrust StarchTek Corp. to prudently manage your investment and at the same time, innovate biodegradable starch-based solutions, that we believe will benefit our environment, team, and shareholders. Have a great day and happy fathers days to all the dads!

Sincerely,

J. Danny Dubuk - President

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