Finiloop Plastic Lab

Finiloop Plastic Lab

Incubation & Mentorship Program for Plastic Waste Management Space Startups

ABOUT FINILOOP PLASTIC LAB

Finiloop Plastic Lab is a 14-month Incubation & Mentorship program focused on early stage, technology driven start-ups in Plastic waste management space working in any of the 3 cities (Udaipur, Amritsar and one more city to be decided by Dec’23), Selected startups will receive the following benefits – 

   • High quality intensive Mentorship, Coaching by:

         – Startup Experts

         – Functional Strategy Experts

         – Domain related Technical & Sector Specific Experts.

   • Post Program Support upto 9 months

   • Prototype Funding


Brief about Finiloop- 

Financial Inclusion Improves Livelihoods Out of Plastics(FINILOOP) is a city-level solid waste management model targeting plastic waste free cities to do the Following – 

   • Create sustainable waste management systems

   • Improve livelihoods of (in)formal waste workers

   • Professionalize and scale the plastic recycling sector

   • Reduce plastic waste leakage into the environment


Implementation Partners : Waste Foundation, Trust of People, Aspirelabs

Sponsored by : Ikea Foundation

Supported by : Finish Society, Take A Stake Fund, Shriram Institute for Industrial Researchs

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

SRI-TBI
FINILOOP PLASTIC LAB - PROPOSED TIMELINE