The Biodegradable Packaging Patent Forecast® has highlighted TIPA’s activity over 4 times during the past year. The startup has raised over $50 million and has been fairly active with 12 patent assets over the past 5 years. TIPA is in a good position, but it appears to have slipped up when it comes to biodegradable and compostable sachets.
TIPA offers a compostable stick pack & sachet but none of its patent assets mention sachet. This could be a problem as Procter & Gamble had a patent asset published in mid-April of 2021 directed to a biodegradable and compostable sachet. P&G is a key stakeholder in the Biodegradable Packaging Patent Forecast® and has a Safe Drinking Water Program that includes a sachet and cleans 10 liters of dirty water in just 30 minutes!
Procter and Gamble has a significant financial advantage over TIPA and a commercial footprint that eclipses TIPA. Possible good news for TIPA is that P&G appears interested in partnering for mutual value with emerging companies, so TIPA, with its other patent assets, may be able to work out a cross-licensing agreement with P&G.
For more updates related to TIPA, P&G, and Biodegradable Packaging patent activity, follow the Biodegradable Packaging Forecast here.