Recykal has been selected as the 1st Indian company to be a cohort member for the World Economic Forum(WEF)’s Circulars Accelerator Programme 2021. The company has been selected for the category ‘Recovering Value’. This is Circulars Accelerator’s 1st cohort of leading circular innovators from around the world.
i.The 6 month program is headed by Accenture, in partnership with Anglo American, Ecolab and Schneider Electric, and in collaboration with UpLink and the World Economic Forum(WEF).
ii.The programme will connect 17 circular economy entrepreneurs to upgrade the disruptive, cross-sector value chain innovation.
iii.The other category of the programme include, Transforming Consumption & Innovating Products & Production.
Circulars Accelerator Program
The Circulars, the world’s premier circular economy awards has now been transitioned to a Circulars Accelerator program.
What Happens in the Program?
i.It connects innovators and entrepreneurs with industry leaders and circular experts who provide targeted mentorship.
ii.The innovators will receive deep expertise through the key program elements including, workshops among others.
iii.It also supports innovators to develop plans to improve their circular solutions, championed and guided by cross-industry leaders.
Gist about Recykal:
i.It is India’s first digital waste-commerce (w-commerce) company that connects waste generators with waste processors and recyclers, and brand owners to solve some of the biggest challenges faced by the industry including demand-supply mismatch and lack of transparency and traceability
ii.It is an end-to-end digital solutions provider, that ensures high rates of waste collection, recycling and facilitates transactions for all stakeholders across India’s waste management and recycling value chain.
This provides an opportunity to the circular economy to ensure that more materials are being entered in the recycling streams and less moving to landfills.
iii.The company through its digital platforms channels more than 10,000 tonnes of recyclables every month and plans to increase it to 2 million tonnes of plastic annually by 2025.
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On September 14, 2020, India & Afghanistan were elected as Members of the United Nations (UN) Commission on Status of Women, a body of the Economic and Social Council (ECOSOC). The Commission on the Status of Women is a UN organ promoting gender equality and the empowerment of women.
Founder– Abhay Deshpande
HeadOffice– Hyderabad, Telangana