Application for The Incubation Network’s 2021 Global Innovation Challenge: Future of Flexibles is now open!
Today, Asia is the fastest growing market for flexible packaging, with over 42% of the global market share. Flexible plastic packaging is most commonly made from low-density polyethylene (LDPE), polypropylene (PP), or mixed materials and is notoriously difficult to recycle, resulting in very low recycling rates across the region. As a result, plastic bags and food wrappers are the second and third most common marine debris, and are the culprit for many environmental and health concerns across Asia.
But it doesn’t have to be this way. The complexity of the challenge means there are many potential entry points for solutions, from upstream redesign to downstream end-of-life uses.
Global Innovation Challenge : Future of Flexibles
Flexible plastics are notoriously difficult to recycle and, as a result, plastic bags and food wrappers are the second and third most common marine debris. Now is your chance to change the future of flexibles for the better.
The Incubation Network is proud to launch its second annual Global Innovation Challenge: the Future of Flexibles. The Incubation Network is looking for solutions that recycle flexible plastics or rethink the materials and business models.
Who Should Apply To The Challenge ?
Any established venture equipped with a possible solution for hard-to-recycle, flexible plastic materials and their relevant value chains aiming to build a waste-free future in South and Southeast Asia.
The Incubation Network will select a cohort from around the world and assign them to one of two tracks: an incubation track for young startups eager to get their innovation off the ground, and an acceleration track for those more mature startups and SMEs interested in expanding their footprint in South and Southeast Asia.
Why Apply To The Challenge ?
The Future of Flexibles brings together key leaders from the biggest consumer-good brands in the world along with multinational organisations working in sustainability, circular economy, and waste management and recycling sector. This is a group with enormous insight and power to change the world around us. Selected applicants will work directly with these leaders and organisations to scale their solutions, and will also get access to:
CHALLENGE TIMELINE
Read terms and conditions here.
For specific inquiries regarding the application, mentorship or partnership opportunities, please send an email to venturesupport@incubationnetwork.com
ABOUT THE INCUBATION NETWORK :
The Incubation Network by The Circulate Initiative and SecondMuse is developed in partnership with the non-profit Ocean Conservancy and supported by the U.S. State Department, corporate and philanthropic partners. Our first project, the Ocean Plastic Prevention Accelerator, is also backed by the Australian Government’s Department of Foreign Affairs and Trade.
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