FINILOOP PLASTIC LAB

FINILOOP PLASTIC LAB

Incubation & Mentorship Program for Plastic Waste Management Startups

FINILOOP Plastic Lab applications are now closed!
Thank you to all applicants for the overwhelming response!
Stay tuned for the results!

ABOUT FINILOOP PLASTIC LAB

FINILOOP PLASTIC LAB is part of FINILOOP (Financial Inclusion & Improved Livelihoods Out of Plastics) – a city-level solid waste management model to work towards plastic waste free cities.

 

The FINILOOP program is designed to work towards plastic waste free cities through improving solid and plastic waste management while strengthening the livelihood opportunities of informal waste workers and fostering innovation for plastic waste enterprises. The program is supported by the IKEA Foundation (www.ikeafoundation.org) and being implemented by AspireLabs (www.aspirelabs.com), WASTE Foundation (www.waste.nl) and Trust of People (https://trustofpeople.org).  The program has Strategic partners as Finish Society (www.finishsociety.org), Shriram Institute for Industrial Research (http://www.sri-tbi.org/) and Take a Stake Fund (https://take-a-stake.org/). 

 

FINILOOP PLASTIC LAB –

FINILOOP Plastic Lab, run by AspireLabs is a 14-month Incubation & Mentorship program focused on early stage, technology driven start-ups in Plastic waste management space with impact in any of the focus cities. Selected startups would be supported through customized program broadly covering –

  • High quality intensive Mentorship, Coaching by:

         – Startup Experts

         – Functional Strategy Experts

         – Domain and Technical Experts.

  • Post Program Support upto 9 months
  • Prototype Funding

 

Supported by : IKEA Foundation

Implementation Partners : AspireLabs, WASTE Foundation, Trust of People

Strategic Partners : Shriram Institute for Industrial Research, FINISH Society, Take a Stake Fund

Ecosystem Partners : Udaipur Municipal Corporation, Amritsar Municipal Corporation, Innovation Mission Punjab, Venture Garage, TiE Udaipur, Atal Incubation Centre – Banasthali Vidyapith

HOW WE HELP STARTUPS

High Quality Mentoring

Prototype Support

Access to Markets

Selected start-ups would get an opportunity to pitch for an investment of up to INR 25 lakhs and 14 month incubation support under this sustainability incubation & mentorship program. 

SALIENT FEATURES

Evaluation of Startups and selection of 30 Startups for the incubation Program. Selected Startups would undergo a fourteen month incubation program. 

 

High quality intensive mentorship by: 

         –  Functional Strategy Experts

         – Startup Experts 

        – Domain related Technical & Sector Specific Experts. 

 

Access to “Appropriate” Technology, Seed-Capital, Impact investors and Potential Customers. 

 

Access to seed fund through linkages to angel investor & venture capitalist. 

 

Post incubation support to graduating startups.

SELECTED FINILOOP PLASTIC LAB COHORT

Cluster 1 – Collection & Segregation

 

Cluster 2 – MLP to Boards, Paver Blocks and Bricks
Cluster 3 – MLP to Bags

 

Cluster 4 – City level Waste Management Startups (Large)
Cluster 5 – End of Life, Hazardous
Cluster 6 – Alternatives to plastics

SUPPORTING PARTNER

IMPLEMENTATION PARTNERS

STRATEGIC PARTNERS

ECOSYSTEM PARTNERS

Amritsar Municipal Corporation

FINILOOP PLASTIC LAB TIMELINE