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Climate Angels Fund Partners with GoMassive to Launch ZeSUP Challenge


Sustainability-focused Climate tech fund, Climate Angels has joined forces with GoMassive for its one-of-its-kind ZeSUP Challenge – the Zero Single-use Plastic Challenge for startups who’re main the battle in opposition to single-use plastics within the F&B business. Under this distinctive initiative, Climate Angels will collaborate with GoMassive to speed up startups in India for the subsequent 6 months to pilot their options to cut back single-use plastic waste. The chosen startups will get challenge and startup funding from a pool of USD 500,000, devoted mentorship and technical help for the challenge, securing partnerships with F&B companions to pilot options, and deep studying and network-building alternatives.

 


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Climate Angels

 


This problem is applied by The Incubation Network and funded by the PREVENT Waste Alliance, an initiative of the German Federal Ministry for Economic Cooperation and Development (BMZ), and ECCA Family Foundation. It is a part of PREVENT’s Innovate & PREVENT program. GoMassive has been chosen as an Entrepreneur Support Organization (ESO) by The Incubation Network and is working with companions like The Beer Cafe in India to beat the challenges confronted by the F&B business.

 


“We are really excited to launch this unique challenge to support early-stage companies who are championing the cause of sustainability and working on reducing single-use plastic waste. This will greatly help them to overcome key challenges such as lack of collaborative industry partners, underdeveloped value chains, and complex policy and regulatory frameworks. The F&B industry relies heavily on Single-Use Plastics for its needs and the outcomes of this endeavor will certainly bring viable solutions to tackle the menace in the long run,” mentioned Mr. Shailesh Vickram Singh, Founder of Climate Angels.

 


The demand for packaging within the Food & Beverage (F&B) Industry, significantly Single-use Plastics (SUPs), is dominated by polystyrene and different varieties of hard-to-recycle plastics, together with flexibles (movies, sachets, and extra). By 2025, these are projected to make up greater than 70% of the marketplace for meals packaging in South and Southeast Asia. Moreover, the food-service business closely makes use of single-use packaging, from the acquisition of meals provides to preparation and for off-premises meals providers resembling deliveries, drive-throughs, and takeaways. Being completely reliant on their provide chains, the sector is unaccustomed to working with various options for typical plastics or round reuse/refill fashions developed by early-stage firms. The ZeSUP Challenge will goal at discovering options to those and associated issues within the business.

 


The insights derived from their pilots will contribute to a examine round understanding the environmental impacts of other options to single-use plastic packaging. The outcomes might be outlining the environmental concerns related to single-use substitute enterprise fashions and the alternatives to cut back unfavorable impacts or acknowledge carbon financial savings, relative to virgin plastic manufacturing.


 


About Climate Angels

Climate Angels is a SEBI CAT I funding fund centered on making a sustainable future by solely specializing in firms working in Pollution Reduction/Climate Change house. The community invests in start-ups working in Clean Energy, Clean Mobility, Clean Water, Clean Food & Clean Cities sectors. 

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