Circular Jumpstart is a startup incubation program, designed to help startups in their infancy succeed by providing mentoring, training, and access to seed funding as well as investments. This 2-month program is targeting climate-tech startups for they are the key players towards the success of a circular economy.
By 2050 close to 70% of the world’s population will live in cities. Cities emit 70% of greenhouse gas emissions and account for 50% of global waste production. But we are determined to change that because we love our cities – and our planet. The transition to a circular economy is key in helping cities reach their climate targets and a sustainable future in line with the Paris Agreement and the UN global goals. A transition that will help us build back better towards more green, resilient, and inclusive cities in the recovery from the COVID-19 crisis. Cities in which designing for circularity means providing new jobs and opportunities for all communities and citizens. In contrast to the ‘take-make-waste linear model, a circular economy is regenerative by design and aims to gradually decouple growth from the consumption of finite resources. The radical changes needed will not come without better use of data and insights on the materials and products we use, new circular business models, and new ways of engaging all city communities, especially the micro-small-medium enterprises (MSME). We believe that emerging technologies and digital solutions are key to accelerate this transition. Can your innovation drive this change?
The following three innovation areas are the challenges that are faced from upstream to downstream in creating circular economy practice. Your solution can have its impact within one, or across more of them – but these are our main areas of focus.
We are seeking from early prototypes to market-ready innovative solutions, with the potential to significantly strengthen our ability to create a circular, sustainable, and thriving city.
Your solution can be cross-sector or focus on specific areas such as plastics, food, construction, textile, or others.
It can focus on improving material lifetime, direct material reductions, or on business and consumer behavior. The most important thing is that your solution responds to one or more challenge areas.
The challenge is a call to action for innovators and entrepreneurs, businesses, and organizations. We invite and encourage early-stage ecopreneurs to apply and help us find the answers to create better and more circular cities.
Your innovation will be evaluated based on its potential to create a significant impact on the innovation areas. The following criteria will be used to guide the review of your innovation:
The solution’s overall potential for creating significant impact within its area of focus.
The solution’s potential for impact on increasing circular resource flows and lowering climate impact.
The solution’s potential for creating thriving cities and creating new opportunities for diverse communities in the city.
The technical feasibility of bringing the solution to market.
Why are you the right person to solve this challenge and how your team can execute the solution?
Your company or initiative’s ability to demonstrate a pathway to profit or sustained operations.
The solution’s potential and ability to scale and be replicated across different cities and urban contexts.
The submitted solutions will be reviewed and selected by a jury consisting of representatives from partners and mentors on the circular economy, startup development, and financing. Find information on jury members and more on the process on https://indonesiacef.id/
Managing Partner C4D
Investment Manager Prasetia Dwidharma