Yunus Environment Hub Impact Report 2023 Published

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Innovate2PREVENT

Yunus Environment Hub is running the Innovate2Prevent program on behalf of the PREVENT Waste Alliance, with 15 selected innovators from around the world. The program aims to inspire and mobilize creative minds globally to develop innovative, inclusive, and data-driven circular business solutions. Combining an innovation contest with business acceleration, it offers a unique platform for innovators, environmentalists, and forward-thinkers to showcase and advance their groundbreaking ideas for a more sustainable future.

Innovative solutions contribute to one of three tracks:

  • Track 1: Solutions contribute to extending product lifetime, closing resource loops or optimizing resource efficiency through reuse, refurbishment or repair of electrical and electronic equipment
  • Track 2: Upstream solutions in the plastics value chain that contribute to phasing down single-use plastics, fostering alternatives to plastics and reuse models, contributing to closing material loops, improving recyclability, increasing secondary raw material use, and/or reducing environmental pollution.
  • Track 3: Solutions contribute to a circular economy by integrating digital solutions and interoperable data models across product life cycle stages and value chains.

Participants receive non-financial & financial support including:

  • Peer learning and capacity building on innovative circular business models through Innovation Bootcamps, Masterclasses and one-on-one Coaching Sessions
  • Market access support i.e., support in identifying market opportunities and developing strategies for their utilization.
  • Communication support, including pitch trainings for investment readiness.
  • Technical assistance such as (digital) business model trainings, technology workshops, access to testing and prototyping facilities and circular design tools.
  • Legal and regulatory guidance.
  • Networking and matchmaking support via the PREVENT network.
  • Access to PREVENT members as (local) mentors.
  • Access to information about funding opportunities and requirements.
  • Priority access to the PREVENT Leadership Training, if suitable.
  • Seed funding of up to EUR 9,000 depending on the stage of the innovation and financial needs.

 

 

Innovate2PREVENT Participants