How can we incubate solutions to ocean plastic?
New collaboration with US State Department, WeWork Labs, McKinsey. org and SecondMuse
Last week, at the G7 Oceans Partnership Summit in Halifax, I announced the launch of The Incubator Network by Circulate Capital and SecondMuse, supported in part by a new grant from the U.S. State Department and an existing grant from the Australian Government. This philanthropic initiative will support the development of waste management and recycling innovation ecosystems—the essential building blocks of truly circular economies. See below for my new blog on the announcement.
The Circulate Capital team has spent more than a year looking at investment opportunities in South and Southeast Asia that could prevent plastic from getting into the ocean. Our research identified a critical need for the increased development of ideas, companies, and supportive eco-systems for ocean plastic prevention opportunities in the region.
The challenge is that bankable ventures, projects, and initiatives are in short supply. While talented entrepreneurs exist in the waste management sector, many could benefit from experience, knowledge, and resources to develop their businesses into investable entities. Not only do they need technical and financial resources, they also need supportive ecosystems to ensure their success over the long term. In other words, they need to be incubated.
We are thrilled to be working with three incredible incubation partners: SecondMuse, WeWork Labs, and McKinsey. org. Please click through to learn more.
This is just the beginning.