Deadline: 25-Jun-21
IUCN has invited proposals for the Circular Plastic Economy Innovation Lab.
The Circular Plastic Economy Innovation Lab (CPEIL) aims to accelerate, at regional, national and sub-national levels, the transition at scale towards a circular plastic economy as a driver of development of a sustainable, inclusive and resilient blue economy. Through the CPEIL, IUCN intends to identify and support one initiative per country.
Ideal proposals showcase initiatives that foster strong cooperation and coordination between various stakeholders across the plastic value chain for enhanced plastic leakage reduction or avoidance; demonstrate application of circular economy principles in practice; contribute to reduced or avoided leakage of plastics into the marine environment; and capture lessons to help others better develop sustainable plastic leakage reduction or avoidance measures.
What can you expect?
Becoming part of IUCN program will allow you to:
- Unlock a network of leading experts, mentors (entrepreneurs, innovation experts, impact experts, scientists, lawyers, etc.), impact investors and potential clients
- Get support to fast-track your growth by acquiring new customers or running your first Proof of Concept, and scaling your business through commercial contracts and fundraisers.
What the Program Offers?
- Mentorship & Support:
- Weekly thematic training sessions
- Hands-on mentorship from their team of mentors
- Tailored business skills and personal development 1 to 1 coaching
- Network:
- Access to networking events and conferences, including participation at the IUCN World Conservation
- Congress (September 2021), Ocean Innovation Africa Summit (November 2021), among others
- Access to potential clients (market leads) for local expansion
- Access to their international network of ocean-impact incubators/accelerators to scale overseas
- Fundraising Support:
- Initial funding of $10 000 per shortlisted project
- Support in preparing and running investor pitches, including training sessions with investors directly to further financial support offered by this program
Eligibility Criteria
- Initiative undertakes plastic leakage reduction efforts;
- Operates in Kenya, Tanzania, Mozambique or South Africa;
- Contributes to social impact;
- Is innovative by design;
- Achieves a scalable product or service;
- Initiative demonstrates ‘a prototype’ or ‘soon to have a prototype’ looking for growth;
- Assigns a full-time equivalent resource dedicated to the project.
Selection Criteria
- Impact on plastic leakage reduction efforts: potential, measurability
- Business model: Business readiness, Business traction, Revenue streams, Market potential, Go to market strategy
- Technology: Level of innovation, Technology readiness, Reliability/sustainability, Scalability/adaptability, Differentiators, Intellectual property
- Team: Skills (technology, business, impact), Relevant experience, Vision and values
For more information, visit https://www.iucn.org/news/eastern-and-southern-africa/202106/iucn-circular-plastic-economy-innovation-lab