NextCycle Michigan announces 16 teams for Innovation Challenge programs

2022-11-26 18:04:21 By : Mr. jieming Wang

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Kimberly Velasquez Gutierrez, RRS communications specialist, kvelasquezgutierrez@recycle.com, 346-314-3301

The Michigan Department of Environment, Great Lakes, and Energy (EGLE) is pleased to announce the selection of 16 teams from around the state to participate in two upcoming NextCycle Michigan Innovation Challenge program tracks: Foods, Liquids, and Organic Waste Systems (FLOWS), focused on organics recovery; and Recycling Innovation and Technology (RIT), focused on novel recycling technologies.

NextCycle is an EGLE initiative that provides tools, resources, expert consulting, and investment pathways to support growing businesses and organizations focused on material recovery, reuse, recycling, and manufacturing using recycled content to advance Michigan’s circular economy. Projects can create Michigan jobs, have positive environmental and climate impacts, and provide equitable opportunities for individuals and communities from all corners of the state. NextCycle is designed to connect entrepreneurs, companies, organizations, and communities to technical support, financial resources, and capacity building for recycling, recovery, and reuse initiatives.

NextCycle’s Innovation Challenge helps teams develop investment-ready initiatives that support a resilient economy and equitable solutions in communities. The teams selected to move forward are primed for success to implement solutions in Michigan aligning with a 2021 gap analysis.

“NextCycle Michigan continues to identify innovative initiatives that will advance Michigan’s circular economy and provide teams with the tools needed to succeed,” said Matt Flechter, EGLE recycling market development specialist. “As we invest in teams, we are also creating more economic opportunity for Michiganders while positioning Michigan as a leader in climate action.”

The 16 teams were chosen from among 36 applicants based on potential to address the waste material stream gap analysis, advance equity, and leverage collaboration and partnerships. During the next eight months, NextCycle will provide mentorship, subject matter expertise, partner networking, business plan and pitch development, funding preparation, and more. In spring 2023, teams will showcase their accomplishments and deliver a pitch to state stakeholders, NextCycle Partners, and investors.

The FLOWS track challenges teams to transform any aspect of organics recovery. Half of the cohort is in the startup phase, and 50% identify as owned by women or minorities. Selected teams are:

The RIT track challenges teams to create innovations and technology. Half of the cohort is in the startup phase, with 75% of applicants coming from a qualified HUBZone federally supported small business growth area. The selected teams are:

NextCycle Michigan Innovation Challenge teams have received more than $6 million in funding to date. In addition to funding, NextCycle has a variety of pathways to advance recycling, recovery, and reuse initiatives in the state through traditional grants, data, and partner connections. Learn more about the program and teams at NextCycleMichigan.com.

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