Re Sustainability announces initiative to fund innovation in SWM, recycling, and circular economy

Picture credit: stux from Pixabay

Re Sustainability Limited, formerly known as Ramky Enviro, has announced an innovation fund for waste management, recycling, and circular economy ideas that have the potential to bring about transformative change.

Through this initiative, the company seeks to provide a platform for individuals or organizations who have innovative ideas, technologies, concepts, or business models that can create an impact at scale. The initiative seeks entries from around the world across 5 categories within a 30-day window. 

Ideas will be scrutinized and shortlisted by an Innovation Council made up of sustainability thought leaders and business leaders. The selected ideas will receive financial support up to Rs 5 crores and a customized incubation program including one-on-one mentoring, technology validation, go-to-market support, and where relevant, a longer-term partnership opportunity with the company. 

Initial entries, in the form of a brief description of the idea, its impact potential, and scalability, have to be mailed to on or before 05 July 2022. The relevant innovation themes include:

  • Waste Segregation & Treatment Technologies.
  • Recycling & Resource Recovery Technologies.
  • Social Inclusion & Community Engagement towards Circular Economy.
  • Fuels and Energy from Waste.
  • New Circular Economy and Decarbonization Business Models.

Following the first round of screening in July, up to 25 shortlisted entries will receive guidance and support from the Company towards second-level submissions and further detailing of the ideas. Up to five selected ideas will be taken through a structured “Innovation Funnel” approach, from Proof of Concept/ Pilot Scale onwards, eventually towards full-scale implementation.   

Disclaimer: This article is taken from a press release issued by Re Sustainability Limited.

Read Previous

Nearly 15% increase in waste dumped at Delhi landfills

Read Next

Amul asks PM to delay plastic straw ban starting July 1