RECYSMART SIGNED

Project "RECYSMART" data sheet

The following table provides information about the project.

 Partnership

Take a look of project's partnership.

Map

 Project objective

ReCircula Solutions has created a platform for the creation of intelligent and easily scalable technological solutions that provide an accessible space for the different actors involved in waste management and who can improve the sector at a global level. This technology will solve main current problems related to the low packaging recycling rates: the lack of incentives (developing an incentive system), the citizens passive role (through interactive touch screen and gaming), the inefficient collection routes (optimizing itineraries), the lack of information (increasing the amount of data available by citizen and package recognition), the economic issue (changing the current expensive landfilling practice to selling this valuable materials for recycling, and increasing their quality and quantity) and the environmental issue (reducing carbon footprint and landfilling) ReCircula Solutions is a Spanish company, managed by an experienced team of professionals with business, financial and technical profiles. Since 2015, we have researched and manufactured the optimal waste management solution. We plan to launch RecySmart to the market and we seek to further develop it to a market-ready product. We will use Phase 1 to develop and implement a structured business plan, which allows broad penetration of an innovative packaging smart container system connected with a big data platform to increase packaging recycling rates and boost circular economy. Subsequently, Phase 2 will centre on the activities needed to upscale and launch the process. The overall plan is to commercialize RecySmart across Europe with a direct sales business model. By 2025 there will be 22 people employed directly in Recysmart, with many more employed indirectly, both within the company, their suppliers and the manufacturing companies. Considering total project costs of €1 million, by 2025, the project earns a net present value of over 2M€ and an internal rate of return of 45%.