Today, cleantech incubator Greentown Labs
announced that it has chosen five startups to fund for its Circularity Challenge, run with global chemicals firm BASF. Dutch blockchain startup Circularise was selected for its ‘smart questioning’ protocol which enables circular economy applications.
The circular economy model is gaining traction as an alternative to growth models reliant on scarce natural resources, such as minerals and fossil fuels. Instead, growth comes from renewables and providing reusable and upgradable products. The Circularity Challenge focuses on the value chains of plastics, energy storage, and recycling.
Greentown Labs and BASF have chosen five challenge finalists, which will be funded and supported. They include materials science firm Corumat, renewables-focused Nexus Fuels, plastics researcher Interface Polymers, and the American Battery Metals Corporation looking at sustainable mining.
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