(DENVER) Nov. 1, 2023 — CDPHE is happy to announce the launch of the fifth 12 months of NextCycle Colorado, a program designed to spice up companies with progressive options for repurposing recyclable supplies. NextCycle Colorado offers an accelerator program for companies and entrepreneurs hoping to develop their recycling companies and operations whereas selling sustainable and resilient financial progress. Chosen groups will obtain no-cost consulting assist, take part in a boot camp, and current to funders at a pitch competitors for the chance to win a money prize.
“We’re thrilled to unveil the upcoming NextCycle Colorado alternative, a crucial element of our mission to perform the state’s waste diversion objectives,” stated Kendra Appelman-Eastvedt, CDPHE Program Supervisor. “This enterprise accelerator program represents a dynamic answer to ignite progress in recycling, organics restoration, and reuse markets. I’m assured we are going to recruit one more inspiring cohort of groups.”
NextCycle Colorado helps taking part groups develop new or improved recycling, composting, and reuse finish markets. Having native markets for these commodities permits the supplies Coloradans recycle and compost to transition into high quality, new merchandise. This leads to constructive environmental, financial, and social advantages for all Colorado residents and companies. The accelerator’s program will run from January by way of Could 2024 and can assist the groups develop enterprise plans, create partnerships throughout the state, perceive trade and financial knowledge, determine sources of product, safe funding, and work towards shovel-ready initiatives.
Within the first 4 years of this system, 34 groups have participated within the 6-month lengthy enterprise accelerator program. CDPHE supplied almost $3 million in grant funding to over a 3rd of the groups. Moreover, lots of the groups which have progressed by way of NextCycle Colorado have gone on to safe further investments totaling greater than $70 million. Enterprise ventures have ranged from hyper-local composting initiatives to improvements in superior recycling processes for textiles and carbon fiber.
Companies, entrepreneurs, universities, Tribal entities, public businesses, and non-profits with investable mission concepts could apply. Out-of-state organizations may apply. Nevertheless, the proposed mission should happen in Colorado. All initiatives should straight advance the event or enchancment of recycling or composting finish markets in Colorado.
“At Trash Panda, our partnership with NextCycle Colorado has been pivotal in our journey to success,” stated Jesse, Founding father of Trash Panda Disc Golf. “This program unlocked thrilling alternatives and invaluable advantages throughout our early years, which helped us accomplish our mission of rising the game of disc golf sustainably by manufacturing discs out of 100% recycled plastic. We deeply admire our expertise with NextCycle and are excited to spend money on future groups by way of participation on the Technical Advisory Committee.”
Functions for the six-month-long program will shut on December 1. CDPHE’s Resource Recycling Economic Opportunity grant program offers funding to NextCycle to assist its mission and Useful resource Recycling Techniques, a sustainability and recycling consulting agency, facilitates this system.