The Colorado Department of Public Health and also Environment is releasing another year of NextCycle Colorado, it’s third straight. The program is created to increase remanufacturing options for recovered or recycled web content in the state.
Remanufacturing includes taking a used commodity and turning it into better-than-new or brand-new problem. The dedication to NextCycle Colorado is made to assist the state reach its 45% statewide garbage dump diversion rate by the year 2036.
According to the CDPHE, “Businesses accepted right into the program are offered personalized technological assistance as well as mentorship by Resource Recycling Systems to refine their suggestions as well as establish investable and shovel-ready service plans. Teams that advance through NextCycle are eligible to look for CDPHE grant funding.”
During the initial 2 years of the program, CDPHE hired and supported 15 teams, all with the potential to reinforce Colorado’s recycling markets. of those groups, 5 were awarded gives by the Recycling Resource Economic Opportunity program to expand their organizations.
According to the CDPHE, several of the previously effective NextCycle Colorado teams consist of:
– Vartega, a plastic composite recycling startup located in Golden, Colo. Vartega has actually developed a procedure to recycle carbon fiber, a high value and also difficult-to-recycle commodity. With NextCycle, the company had the ability to explore the regional supply chain for composite plastics and also secure investment to sustain the development of their service.
– Table to Farm Compost started in the NextCycle Colorado program as an onset collective group interested in food waste and also organics healing in the southwest corner of the state. The team got technological composting assistance as well as promoted collaborations needed to start the area’s initial effective composting collection and handling program.
– Timber Age Systems Inc. was the winner of the 2020 Pitch Session. The start-up established a concept to utilize previously extra regional timber in southwest Colorado to create cross laminated timber, an ecologically lasting structure material crafted from sawed, glued, and also split wood. Through the program, the business had the ability to dramatically advance its business version as well as CDPHE consequently awarded them more than $430,000 to money the development of an increased, longer term manufacturing facility.
” Thank you, NextCycle Colorado, for putting in the time to encourage us. We review our NextCycle time as exceptionally crucial in the growth and focus of the company,” stated Timber Age Systems Co-Founder Andy Hawk in a statement. “We received as well as made contacts support we could not imagine in other incubators or accelerators.”