FINILOOP PLASTIC LAB
Incubation & Mentorship Program for Plastic Waste Management Space Startups
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 achieve plastic waste free cities.
The FINILOOP program is designed to achieve 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 Accelerator (www.aspirelabs.com), WASTE Foundation (www.waste.nl) and Trust of People. 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 Accelerator, 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.
WHO SHOULD APPLY?
Startups working/planning to work in Plastic Waste Management Space (for Amritsar or Udaipur city) but not limited to following:
– Difficult to Recycle Plastic/ Multi Layer Plastic Waste Management
– Collection, Segregation and Recycling Innovations Startups
With minimum viable product (MVP) or Early stage start-ups with some customer traction / validation and revenue generation are preferred however ideation stage startups are also encouraged to apply.
Start-ups having direct or indirect impact on Triple bottom line:
– Social
– Financial
– Environmental
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.
SUPPORTING PARTNER
IMPLEMENTATION PARTNERS
STRATEGIC PARTNERS
ECOSYSTEM PARTNERS
Amritsar Municipal Corporation
