Follow the journey of the six startups

We need more circular factories!

 

As entrepreneurs in the circular economy, it is our observation that too few circular startups make it to scaleups.’ Sabine Biesheuvel (co-founder BlueCity) and Lindy Hensen (co-founder PeelPioneers & Tekkoo)

 

The Netherlands aim to have a circular economy by 2050: a waste-free economy that runs – as much as possible – on sustainable and renewable raw materials, in which products and raw materials are reused. This requires scaling the circular ideas we already have and building a new processing industry.

We know from experience that scaling a circular startup is complicated, especially in the phase from prototype at lab-scale towards real production in a demo plant. Circular Factory is the supporting start-to-scale-up program dedicated to this phase, offering specific knowledge and a tailor made ecosystem of partners and experienced entrepreneurs.

 

The six startups

In May 2022, Tekkoo and BlueCity opened the call for the participants of Circular Factory. Out of all the applications, six startups were selected: Bakkersgrondstof, Biophilica, BlueBlocks, Fairm, MaGieCreations and Nature’s Principles. These six startups are now in the middle of the program, working towards their ultimate goal: building their own circular factory.

The program

Based on our experience as and with circular entrepreneurs, we developed a program that centers on four topics, each essential to building a circular factory:

 

Feedstock
get your sourcing, logistics, quality control & legal status

Customer
from interest to contract and product certification

Plant design
preparing for a fit-for-purpose plant

Finance
building the storyline & finding the right financing mix

The program consists of the following phases:

 

1 Meet & Greet

1 month

In this phase, we opened the call for potential Circular Factory participants. We searched far and wide for startups that were ready to become a scaleup. The applications deadline was on May 31st and on June 9th we invited 10 potential participations to our Selection Day. At the end of this day, 6 of them were chosen to participate in Circular Factory.

2 Due diligence

1 month

In the Due diligence phase, the program really kicked off. On June 15th, 22th, 29th and July 6th and 7th, our startups gathered with BlueCity and Tekkoo, and dove into feedstock, customers, plant design and finance issies. Together with experts they determined their needs in terms of expertise and experience and defined a plan for the rest of the Circular Factory program. The startups are currently in this phase.

3 Partner matching

4 months

Based on the due dilligence phase, we now know the personal program goalsof the startups and will start to build your ecosystem of partners. We’ll help them get access to the right networks of partners. Next to an experienced entrepreneur as mentor, we put them in touch with experts. Central to this is the opportunity to pitch their key-requests towards potential partners that can help them in terms of facilities, expertise and/or launching customers at the Pitch & Plug event on September 20th.

 

 

4 Asset development

7 months

This phase is all about the plant. We are now ready to fully focus on all that is needed to build the future circular factory of our participants. We’ve aligned the current information and critical assumptions about their business and clients and rallied partners. In this phase we focus on what is needed to build the plant. We gather experts, organize peer to peer sharing and build the business plan for scaling your production process and building that plant. The Final Event of Circular Factory will be in May 2023, where startups will show results or announce their investment.

11.08.2022

Stichting Ondernemers- belangen Rotterdam supports Circular Factory

Stichting Ondernemersbelangen Rotterdam supports the Circular Factory program by BlueCity and Tekkoo. Last month, Diederik van Dommelen and Jeannette Baljeu of Stichting Ondernemersbelangen Rotterdam and Sabine Biesheuvel of BlueCity signed the contract. In this interview, Diederik van Dommelen and Jeannette Baljeu talk about why Stichting Ondernemersbelangen considers it important to give circular startups the opportunity to scale-up. “The great thing about Circular Factory is that it focuses on the production side of circular entrepreneurship. That combination of entrepreneurship and production fits in seamlessly with the objectives of Stichting Ondernemersbelangen Rotterdam.”

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23.06.2022

The Circular Factory participants have been selected

Six circular startups have been selected for the Circular Factory program of BlueCity and Tekkoo: Bakkersgrondstof, Biophilica, BlueBlocks, Fairm, MaGie Creations and Nature’s Principles. In the coming year, these startups will start preparing for their own circular factory.

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19.05.2022

Circular Factory launched at SYMBIOSIS symposium

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