Plastic Fantastic Challenge
The Plastic Fantastic Challenge invites entrepreneurs, industry and environmental experts to co-create game changing business concepts on plastic waste.
The Plastic Fantastic Challenge is a European innovation challenge to reduce plastic packaging waste. The best entries are invited to a Bootcamp Programme at a central location in Europe in March 2016, where they receive training and coaching to prepare a competitive business plan and get exposure to potential investors.
Love Plastic Not Waste! Plastic is definitely one of the most fantastic breakthroughs in history. Its low-cost design, flexibility, indefinite lifespan, unbreakable structure and low weight helped us design many products that increased our standard of living enormously. However, the environmental problems caused by plastic waste are disastrous!
Innovating the plastic packaging industry
Most plastic waste originates from packaging (63%), which is primarily designed for single-use and is discarded straight after. Many industry players and governments show willingness to change, but find themselves with their backs against the wall. Strict requirements from buyers, high consumer expectations and pressure on cost efficiency make it hard for the industry to innovate.
We need systemic change across the plastic value chain to prevent further negative environmental impact. This problem is too large to solve in isolation. Companies, entrepreneurs, academia, knowledge institutes and governments have to take action together to solve the plastic packaging waste issue.
Inspiration: From October 2015 the Plastic Fantastic platform is open for new business ideas.
Idea generation: Show how you think we can reduce the amount of plastic packaging waste through innovative business solutions. You can submit as many business ideas as you want until 14th December!
Clustering & matchmaking: Now that we have a lot of great ideas, let’s team up! Many hands make light work. Together with your team you can bring your idea to the next level in the co-creation phase.
Co-creation: You’ve set up your team, together you have time to co-create with the experts and your business coach.
Pre-selection: The 10 most promising teams will be selected for the business development phase. The assessment is made by a jury of technology, business and innovation experts.
Business development: The 10 teams are invited to the Plastic Fantastic Bootcamp. The main goal of the programme is to deliver a final business plan and pitch which will be presented to the jury during the final Demo Day.
BUSINESS BOOTCAMP & PRIZES
During the pre-selection phase the jury selects 10 teams to participate in the Plastic Fantastic Bootcamp. This Bootcamp takes one week and will take place in a central European location. This dynamic week will cover all aspects of developing and validating your business concept and is made up of various training days covering all aspects of your future business. Travelling and accommodation expenses will be covered! The main goal of the programme is to deliver a final business plan and pitch which will be presented to the jury during the final Demo Day. The final jury finally selects one team to take the grand prize.
This prize consist of €10,000 and six months membership at your local Impact Hub!