Circular Economy Award

The EIT Circular Economy Community launches the Circular Economy Prize

Are you an SME or start-up with an innovative service, technology, or product around circular economy? Compete for the chance to showcase your idea to an expert panel, secure the award prize and be part of the European innovation community!

OBJECT

The EIT Community Circular Economy aims to identify and reward relevant start-ups and SMEs with significant new solutions around the circular economy.

AIMED AT

The competition is open to any legal entity or group of legal entities established in an EU Member State or in a HorizonEurope partner country. For partners and entities that have already received funding from the participating EIT KICs (EIT Raw Materials, EIT Climate-KIC, EIT Food, EIT Urban Mobility and EIT Manufacturing) restrictions may apply. For more information, please consult the Award Rules.

We are looking for solutions in the areas of:

Topic 1: New circular business models in two specific areas:

• From products to services: This model is an alternative to the established “buy and own” approach and includes lending, renting, or pay-for-use agreements. It allows the customer to purchase a service or desired result, rather than buying the product itself.
• Sharing economy: The primary feature that defines a sharing economy is cooperation. It creates the opportunity for consumers to tap into the unused potential of products by reducing their idle time and increasing access to goods and services.

Topic 2: Circular economy assessment methodologies: new methodological approaches to monitor and/or quantify circular economy from a general perspective or in specific sectors as critical raw materials, building, food.

Topic 3: Waste valorization including logistics: new ideas and approaches for waste valorization in specific sectors as critical raw materials, building, food including digital solutions to improve logistics.

Topic 4: Digital Products Passports: new ideas and developments in the field of Digital Products Passports as efficient tool to improve materials traceability to support the implementation of sustainable products.

AMOUNT OF SUPPORT

Financial prize of:
- EUR 15,000 for the first place in themes 1, 2, 3 and 4.
- In addition, the winners will be able to apply for business support and acceleration services from the
Knowledge and Innovation Communities (KICs) of the EIT (EIT Raw Materials, EIT Climate-KIC, EIT Food, EIT Food
Climate-KIC, EIT Food, EIT Urban Mobility and EIT Manufacturing).

APPLICATION DEADLINE

Apply by 31 August 2022

DOWNLOAD THE RULES: