The Circular Economy Challenge 2020

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The CEC 2020

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Government of India has recognized Circular Economy (CE) as an important strategy to meet the Sustainable Development Goals (SDGs). NITI Aayog has been spearheading India’s CE Agenda. The Ministry of Environment, Forests and Climate Change has drafted National Resource Efficiency Policy. State of Goa has formulated a CE Action Plan. The European Union’s Resource Efficiency Initiative (EU-REI) is playing an important catalytic role on all above.

In the COVID-19 pandemic, CE will play an important role by guiding the businesses to identify alternatives minimizing the consumption and transportation of resources, increasing resource use efficiency and building resilience. In addition, a CE approach will generate new jobs, offer opportunities for building skills, especially to the informal sector as well as migrant workers.

Innovation will however be the key. It is necessary that innovation in CE is promoted, recognized and supported, especially in young entrepreneurs.

Ekonnect Knowledge Foundation and EU-REI are pleased to announce the Circular Economy Challenge (CEC) with an aim to promote entrepreneurship in CE.

The Challenge invites innovative ideas focussing on technologies and business models on CE that can be scaled and replicated.

The CEC 2020 is open to applicants from India and the European Union (EU) encouraging cross-country collaboration. The shortlisted participants will be mentored by experts from India as well as the EU. The CEC 2020 will be concluded in December 2020.

IDEAS INVITED TO ADDRESS 3 CHALLENGES

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Avoiding Single Use Plastic and Managing Safe Disposal in the wake of COVID-19

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Extending Product Life - Innovative Repair and Refurbishing Services, Smart Waste Sorting and Cleaning Systems

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Business models on Extended Producer Responsibility

SUBMIT YOUR IDEAS BY 15TH OCTOBER 2020

Teams shortlisted for participating in mentoring and pitching session will be announced by October 31, 2020. Mentorship sessions will be conducted in November 2020. The pitching sessions will be held in December 2020.

Shortlisted teams will receive Mentorship to pitch their ideas to the jury consisting Indian and EU experts. The winning teams will receive  Financial Assistance to further their Idea.

All participants will be given membership to join CEkonnect (www.cekonnect.net), a knowledge network operated by Ekonnect on Circular Economy

WHO SHOULD PARTICIPATE?

  • Students, Research Scholars and Young Professionals from India and EU
  • Age group 18-40
  • Team with 1 to 3 members

WHY SHOULD YOU PARTICIPATE?

  • Address some of the pressing problems arising due to COVID-19 pandemic
  • Contribute to innovative solutions that can be upscaled and replicated
  • Get Mentorship from Experts from India and European Union (EU) on preparing a Business Plan
  • Make new connections and Join CEkonnect’s Knowledge Network on CE
  • Be a Winner to obtain financial assistance for taking ahead your ideas for implementation
  • Receive Certificate of Participation

THE CEC 2020 PROCESS

The CEC 2020 will be conducted in three phases.

  • Phase I will end with screening of applications and announcement of 30 shortlisted teams by October 31st.
  • Phase II will consist of Mentorship Session, development of business plans by the 30 teams  and evaluation of business plans by Ekonnect.
  • Phase III will see shortlisted teams competing on the final day in a pitching session to be held in December 2020. Winners will be announced at the end of the pitching session. Dates will be announced shortly on this page.

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The CEC 2020 is supported by

Packaging 360

For more information on EU-REI, please visit www.eu-rei.com

and conducted by

Ekonnect Knowledge Foundation

For more details on CEC 2020, write to Sivaranjani@ekonnect.net

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Established in 2012, Ekonnect Knowledge
Foundation is a Section 8 not-for-profit
company offering awareness, training and
education programs in the domains of
environmental management and sustainability.

Contact Ekonnect

Ekonnect Knowledge Foundation
504/505, 5th Floor, Balarama Building,
BKC, Near MMRDA Office,
Bandra (East) Mumbai – 400051
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Email: prasad.modak@ekonnect.net 
Phone: 91-22-62215944 / 5946

 

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