Deadline: 30-Sep-22
Do you have an innovative solution to reduce plastic waste across the packaging value chain? If yes, then apply for TRANSFORM Plastics Challenge.
TRANSFORM (a unique joint initiative between Unilever, the UK’s Foreign, Commonwealth & Development Office and EY) and Social Alpha aim to support Indian social enterprises working towards sustainable technologies and solutions along the plastic.
TRANSFORM, in collaboration with Social Alpha, aims to support sustainable technologies and solutions along the plastic packaging value chain, that drive positive environmental impact and create meaningful livelihood opportunities for the informal workforce involved.
Focus Areas
- Material recovery and waste to value
- Bringing cost efficiencies to the collection, segregation of flexible plastics while improving the traceability across the value chain.
- Innovations in processing/recycling of flexible plastic waste.
- Resource recovery from waste streams through science and technology innovations and/or value chains.
- Reuse and refill
- Business models that enable reuse of packaging material in the value chain.
- Refill-based systems that are user friendly and economically viable.
- Material science innovations
- Materials or substrates to make packaging recyclable, compostable / biodegradable.
Funding Information
Up to 5 start-ups will receive grants (up to INR 60 lakh per start-up), access to seed capital from Social Alpha and its investor network and a wide range of technology and business support through TRANSFORM and its partners.
Program Offerings
Up to 5 selected start-ups will receive:
- Financial support
- A grant of up to INR 60L from TRANSFORM. Grants will be provided for operational expenses and bringing about behavioural change, etc.
- Eligibility to seed capital (equity) up to INR 1Cr per start-up from Social Alpha.
- Market Access and Scale up support
- Opportunities to work with various functions across the value chain of HUL.
- Workshops with experts, specialists and sector leaders on making the product market fit and go-to-market strategy.
- Access to TRANSFORM and its partner’s wide network of public/private organisations and facilitation of introduction, where required.
- Fundraising support
- Access to TRANSFORM and Social Alpha’s large and diverse investor and donor network.
- Networking Opportunity
- Exposure to the wider network of stakeholders (corporates, government agencies, international development agencies etc.) as well as high visibility opportunities offered by TRANSFORM, through its partners Unilever, the UK’s Foreign, Commonwealth and Development Office and EY.
- Knowledge Services
- Monitoring and evaluation technical assistance to enable evidence-led socio-economic impact assessment.
Eligibility Criteria
They invite Indian social enterprises working on science and technology solutions and that can demonstrate:
- Positive social, environmental and economic impact
- Ability to scale across Indian geographies
- Business model sustainability
For more information, visit https://www.transform.global/news/do-you-have-an-innovative-solution-to-reduce-plastic-consumption-and-waste-across-the-packaging-value-chain/