Researching New Materials to replace plastics
The World Economic Forum Annual Meeting in Davos, the Ellen MacArthur Foundation will announce the winners of the $1 million Circular Materials Challenge. Combined with the necessary infrastructure, the winners’ innovations could prevent the equivalent of 100 garbage bags per second of plastic waste being created.
The Circular Materials Challenge, run in collaboration with NineSigma, forms part of the $2 million New Plastics Economy Innovation Prize, funded by Wendy Schmidt, Lead Philanthropic Partner of the Foundation’s New Plastics Economy initiative.
Together with the winners of the $1 million Circular Design Challenge announced last November, the five winners of the Circular Materials Challenge will each receive a $200,000 share and join a 12 month accelerator programme to make their innovations marketable at scale – with potential to contribute to a system in which plastics do not become waste.