City’s [Re]Verse Pitch awards $10,000 for best initiatives using waste materials to create new businesses
AUSTIN, TEXAS – Austin’s second annual [Re]Verse Pitch Competition will award a $10,000 innovation prize to an entrepreneur with the best new business idea. What’s the catch? The new venture must create products or services using discarded materials from existing Austin businesses. The competition is designed to inspire viable new ventures while keeping valuable discards out of landfills.
Six businesses and non-profits will pitch their byproduct materials to competing entrepreneurs at the opening event October 11, 2016, 6 – 8 p.m, at Atlassian’s downtown Austin office at 303 Colorado St #1600. This year’s material suppliers and the items in need of reuse solutions include:
In-N-Out Burgers: Mesh plastic bags
Austin Creative Reuse: Fabric sample books
LIVESTRONG Foundation: Yellow wristbands in out-of-date packaging
Central Texas Food Bank: Inedible canned goods
Half Price Books: Books, records and other media
City of Austin Transportation Department: Vinyl street banners
In addition to $10,000 for the top initiative, a second place winner will receive a free spot in the 2017 FastForward business accelerator and training program and a pass to the 2017 Small Business Festival.
“[Re]Verse Pitch is the type of collaboration between the public, private and non-profit sectors needed to reach Zero Waste as a community! It’s exciting to see businesses in our community team up to work with Austin’s entrepreneurs to solve tough waste challenges through this innovative competition," said Austin Resource Recovery Director Bob Gedert.
Prospective entrepreneurs, the public and anyone interested in the competition may RSVP to the opening pitch event at ReversePitch.org. Competitors will receive guidance from mentors and technical advisors as they formulate a business plan and test their concepts for viability. Finalists will pitch in hopes of winning one of the innovation prizes at the closing event on December 6, 2016. The Competition is looking for volunteer mentors and advisors, and in-kind sponsors. Anyone interested in these opportunities can visit reversepitch.org/get-involved.
The [Re]Verse Pitch Competition is a collaboration between the City of Austin, U.S. Business Council for Sustainable Development, Impact Hub Austin and the UT Herb Kelleher Center for Entrepreneurship, Growth and Renewal, with additional support from a wide variety of community partners.
About the Recycling Economic Development Program
Two City of Austin departments, Austin Resource Recovery and the Economic Development Department, have teamed up to launch the Recycling Economic Development Program. The program’s mission is to attract, retain and grow zero waste businesses and entrepreneurs in order to create local jobs and foster a resilient zero waste ecosystem in Central Texas.
About Austin Resource Recovery
Austin Resource Recovery provides a wide range of services designed to transform waste into resources while keeping our community clean. Services include curbside collection of recycling, trash, yard trimmings and large brush and bulk items; street sweeping; dead animal collection; household hazardous waste disposal and recycling; and outreach and education. Austin Resource Recovery offers free, voluntary, and confidential consulting services to help Austin businesses reduce waste and comply with the City’s recycling ordinances. In December 2011, the Austin City Council approved the Austin Resource Recovery Master Plan, which is the City’s roadmap to Zero Waste. The City of Austin is committed to reducing the amount of waste sent to area landfills by 90 percent by 2040. Learn more at austinrecycles.com.
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