CIRCULAR INNOVATION COHORT

Brought to you by Upaya Social Ventures, Global Business Inroads, and rePurpose Global, the nine-month long Dignified Jobs Accelerator brings deep expertise, global networks, and access to finance to early-stage entrepreneurs in the plastics, and textiles & fashion waste management sector. This program will be conducted in two phases: Level 1 will be a three-month virtual program for 60 businesses and Level 2 will be a six-month tailored, hands-on, capacity building program for 10 businesses.

This program is supported by Aspen Network of Development Entrepreneurs (ANDE) at the Aspen Institute and IKEA Foundation under the Investment Innovation Fund designed to improve access to finance for waste and circularity enterprises in India and Kenya.

About The Program

The waste management sector is expected to be a $35.87 billion opportunity by 2028. However, in the current scenario, increasing levels of mismanaged waste and lack of adequate resources, scalable infrastructure and regulations, and relevant or innovative solutions to manage waste is an increasing threat to the waste crisis. Additionally, there is a huge dependency of this sector on the informal economy who face tremendous health, economic, and social challenges. Businesses in waste & circularity have the potential to reimagine the sector through innovation and one that is based on social inclusion.

The Dignified Jobs Accelerator under the Circular Innovation Cohort will bring together a passionate cohort of impact entrepreneurs who are building innovations and creating jobs in the waste management and circularity sector. Specifically focused on plastics, and textiles & fashion value chain, this program is designed to support businesses that work closely with sanitation workers or rural communities, the first-mile in the waste management value chain.

Join us for an informational webinar to learn more about the Dignified Jobs Accelerator and the Circular Innovation Cohort on October 16, 2024 at 4PM IST.

About The Circular Innovation Cohort

With a focus on plastics, and textiles & fashion waste management value chains, we are looking for circular innovations across the following categories:

  • waste management including collection, segregation, and sorting where advanced technologies and community-based initiatives ensure that materials are properly categorized and prepared for recycling or repurposing

  • processing of waste to value creation such as reusing, upcycling or downcycling, and transforming discarded plastics and textiles into new products, raw materials, or energy sources, thereby reducing reliance on virgin resources and minimizing waste

  • developing sustainable alternatives to plastic and other waste materials like food packaging, single-use plastics, and/or creating biodegradable textiles

These innovations have the potential to create new revenue streams, enhance the efficiency of supply chains, and open up new markets, contributing to a more sustainable and resilient economy.

What We Offer

  • Level 1

    This will be a virtual group learning model for 60 businesses, focused on building readiness for global market access and fundraising. The cohort will get access to:

    A. Expert Sessions and Masterclasses on business strategy, global market readiness, aligning to global best practices, measuring climate and livelihood impact, and investment-readiness

    B. Visibility and Market Access Opportunities through Global Business Inroads’ GTI Platform

  • Level 2

    This will be a tailored program for 10 businesses selected from the Level 1 cohort, to drive market access and investment opportunities. The offerings for this cohort are:

    A. Global Market Access including market and technology validation

    B. Capacity Building in technical, business and investment readiness

    C. Impact Assessment

    D. Investment Opportunity from Upaya and other investment partners

Who Should Apply

Businesses that are selected for the cohort will meet the selection criteria listed here, in addition to showcasing how their companies are aligned with the theme of circular innovation.

Businesses operating in low income states or districts in India and those that are led by women are encouraged to apply.

Entrepreneurs who can commit to the nine-month program if selected for Level 2 should apply.

Post Revenue Business

Your enterprise is generating revenue, showing traction in sales, and growing fast.

Climate Action

You are using technology or innovative approaches to solving the plastics, and textiles & fashion waste problem.

For Profit Business

Your company is registered as a for-profit entity.

Impact Focus

You have an inclusive business model (supply chain or backward linkages with sanitation workers or rural communities).

Funds Raised

You have not raised more than $50,000 in institutional funding at the time of application.

Global Scale

You are interested in accessing global markets for your business.

Program Timeline


Call for applications

October 7, Monday

Informational webinar

October 16, Wednesday

Applications close

December 23, Monday


November 15, Friday

January to March, 2025


For any queries, please reach out to cohort@upayasv.org.


Cohort announcement

Level 1 cohort


April to September, 2025


Level 2 cohort

Our Partners

SUPPORTED BY:

PROGRAM PARTNERS:

INVESTOR PARTNERS:

FAQs

  • The Dignified Jobs Accelerator grew out of Upaya’s experience making impact-first investments in the “missing middle.” We know that attracting the right kind of capital to grow both impact and financial success could be challenging for early-stage businesses.

    Our accelerator takes a comprehensive approach to building investment-readiness capacity for each member of the cohort, going beyond pitch decks and investor connections to truly build a business model and narrative that is attractive to investors. We help entrepreneurs scale their businesses as well as their impact, using our unique insights and network.

  • Upaya Social Ventures is a nonprofit organization, building a dignified economy by providing investment and support to early-stage businesses creating sustainable livelihoods for people living in the most extreme poverty.

    Upaya’s award-winning impact-first model seeks out and supports oft-overlooked companies creating work that is safe, stable, inclusive, and rewarding—generating a transformative impact on families, communities, and economies. Since its founding in 2011, Upaya’s portfolio companies have created over 42,000 dignified jobs across India.

  • Global Business Inroads (GBI) is an international business, tech, and innovation management platform that actively connects new markets, investors, and technology adopters across India, Europe, UK, USA, LATAM, Africa, and Asia. GBI has developed networks and has access to 450+ multipliers, tech, and innovation clusters and investors across 40 countries. 

    Over the last 14 years, GBI has supported over 300 institutions, corporates, Small & Medium Enterprises (SMEs) and start-ups in internationalisation and soft-landing support, technology validation and business model mentorship, government liaison, and facilitated strategic financing. GBI has developed a proprietary online digital platform for companies, entrepreneurs, SMEs, start-ups, and SGBs called the Global Technology Interface® (GTI®), that showcases innovative technologies, facilitates market linkages, and partnerships globally.

  • rePurpose Global is a leading Plastic Action Platform that unites brands, consumers, innovators, and policymakers to tackle plastic waste. By offering solutions across the circular economy value chain, rePurpose has helped over 500 companies measure, reduce, and address their plastic footprints. Its Impact Projects have recovered over 70 million pounds of plastic waste, protecting coastal regions in America, Africa, and Asia. Additionally, rePurpose has provided waste management services to over one million people and improved the livelihoods of thousands of marginalized waste workers globally.

  • The Aspen Network of Development Entrepreneurs (ANDE) is a global network of organizations that propel entrepreneurship in developing economies. ANDE members provide critical financial, educational, and business support services to small and growing businesses (SGBs) based on the conviction that SGBs create jobs, stimulate long-term economic growth, and produce environmental and social benefits.

    As the leading global voice of the SGB sector, ANDE believes that SGBs are a powerful, yet underleveraged tool in addressing social and environmental challenges. Since 2009, we have grown into a trusted network of nearly 300 collaborative members that operate in nearly every developing economy. ANDE grows the body of knowledge, mobilizes resources, and connects the institutions that support the small business entrepreneurs who build inclusive prosperity in the developing world.

    ANDE is part of the Aspen Institute, a global nonprofit organization committed to realizing a free, just, and equitable society.

  • Funding is not included as part of the accelerator program. However, at the end of the program, Upaya will select up to 3 companies for investment from the Level 2 cohort based on fitment. The Level 2 cohort will also get opportunities to connect with our investment partners and other capital providers.

  • Circular innovation in plastics, and textiles & fashion waste management refers to solutions that aim to eliminate waste and pollution. These solutions focus on shifting from a linear economy (where products are made, used, and discarded) to a circular economy (where products are reused, repaired, and recycled).

  • The World Bank defines extreme poverty as living on under USD $1.90 per day. We partner with companies creating jobs that are targeted at this extremely poor population. While extreme poverty looks different around the country and the world, what people living in these conditions have in common is their dire economic vulnerability.