AGC Innovate wins 1st place of start-up competition
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Company Director Mahinda Wijesundera (right) and a company official with the award
AGC Innovate (Pvt) Ltd has been selected as the winner of the Country Finals of Innovate Lanka 2022 Competition, organised by the Lankan Angel Network together with SLASSCOM and the Council for Start-ups. The Winner AGC International and the Runner – Up will be representing Sri Lanka at the Entrepreneurship World Cup 2023 hosted by the Global Entrepreneurship Network GEN.
AGC Innovate (Pvt) Ltd has won this prestigious award for its innovative product Plastic Modified Asphalt Concrete (PMAC) the sustainable solution to the ever-increasing waste plastic environmental menace by utilising green technology to convert waste plastics into an industrial raw material which becomes a stronger and more effective alternative to conventional asphalt, used for Highway, Road and Car Park paving, the company said in a media release.
The technology piloted in 2018 under the supervision of the national regulator, RDA on a stretch of highway in Ratmalana, has been certified as an environmentally suitable initiative following more than two years of rigorous testing and observation and has also received CEA Certification and is registered with the National Intellectual Property Agency of Sri Lanka.
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