Finiloop Plastic Lab

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 programme is designed to combat plastic waste pollution while improving the livelihoods of informal waste workers in the plastic waste value chain. The Program is being implemented in Amritsar and Udaipur in India from Sep’22 till Aug’25 by WASTE Foundation (The Netherlands), Aspirelabs Accelerator (India) and Trust of People (India). This program is funded by Ikea Foundation and is supported by FINISH Society(India) and Take a Stake Fund (The Netherlands).

 

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

 

Implementation Partners : Aspirelabs Accelerator, WASTE Foundation, Trust of People

Sponsored by : Ikea Foundation

Supported by : Finish Society, Take A Stake Fund

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.

IMPLEMENTATION PARTNERS

FUNDING PARTNER

SUPPORTING PARTNERS

FINILOOP PLASTIC LAB - PROPOSED TIMELINE