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
