This year they have launched a new Circular Economy Award, supported by Zero Waste Scotland, to celebrate businesses with innovative circular economy ideas and encourage entrepreneurs to explore more circular ways of doing business. Applicants to this award could be in the running for up to £100k worth of support from Scottish EDGE.
A circular economy is one that’s sustainable, and as much as possible eliminates waste. In a circular economy everything has value and nothing is wasted. Circular ways of doing business include new business models offering ‘products as a service’, products designed with their whole life cycle in mind, remanufacturing and reprocessing to create new products from old, and re-using and repairing – all to keep products and materials in the economy for as long as possible.
For Zero Waste Scotland, the partnership provides an opportunity to encourage and support more circular ways of doing business which can result in resource efficiencies, improved profitability, higher quality products, increased customer base and alternative supply chains for businesses.
Previous Scottish EDGE circular economy success stories include: Revive Eco, a company that transforms coffee ground waste into fertilisers and biomass pellets that can be used as a low carbon heating source; MiAlgae, a startup that aims to revolutionise the animal and fish feed industries with microalgae made from the co-products of whisky; CuanTec, a blue biotech company taking food waste, extracting chitin and creating antimicrobial compostable food packaging that makes food last longer; and Aurora Sustainability, a circular economy and sustainability consultancy firm based in Forres.
As well as this new addition, the Social Enterprise award runs again, after a significant increase in representation at the application and finalist stages round on round. Scottish EDGE are running an application workshop to help you put forward the best application you can. The Social Enterprise EDGE Workshop will take place in Edinburgh on the 18th February. Register here for free.
To date, Scottish EDGE has made 350+ awards, totally over £13 million while helping to create over 1600 jobs and boosting turnover of awardee companies by £131.29 million.
The Scottish EDGE category has three assessment stages:
1. 1st Stage Assessment of Application and Video Presentation
2. Live Semi-Final Presentation (3-min presentation followed by 7-minute Q&A)
3. Live Final Presentation (3-min presentation followed by 7-minute Q&A)
What you can win:
Funding of up to £100,000 (£150,000 for Higgs EDGE), taking the form of a
40% grant, 60% loan
Mentoring and support from a mature entrepreneur
Enrolment into the EDGE Alumni programme
Package of Support from leading business organisations
Plus much more.
Applications close at 2.00pm on the 4th of March. To apply visit their website.