Applied Bioplastics, with a valuation of $20 million, is raising funds on Raise Green. They are commercializing low cost, cellulose based biopolymers as a substitute for standard plastic. Applied Bioplastics feedstocks are less expensive than traditional plastic, and are made and used in the same capital equipment utilized by the entire plastics industry– which means there should be no barriers to massive adoption. Alex Blum and Colin Ardern founded Applied Bioplastics in 2018. The current crowdfunding campaign has a minimum target of $125,000 and a maximum target of $ 1,235,000.00. The campaign proceeds will be used for hiring, research and development, and marketing and sales.