Nigeria - Startup under 3 years old

Describe your project or startup in a few words

Recyklable is dedicated to addressing environmental sustainability issues. We enhance waste management by serving as an intermediary between waste generators and recycling companies, focusing on the three highest forms of waste: paper, food and Plastics.

01.01 Describe your startup in more detail

Recyklable is a startup dedicated to addressing environmental sustainability through an innovative approach that combines advocacy and action. Our primary focus is on collecting the three most significant waste types—paper, food waste, and plastics—from households, businesses, and institutions. We act as an intermediary between waste generators and recycling companies, providing financial incentives to encourage proper waste segregation. By collecting and sorting waste at the source, we ensure that these materials are efficiently recycled, reducing environmental pollution and resource depletion. Our model not only promotes sustainability but also empowers underserved communities economically. In the future, we aim to establish our recycling facilities to further enhance our impact and create a circular economy.

01.02 What is the main problem you are trying to solve?

Recyklable addresses the pressing issue of improper waste management, focusing on paper, food waste, and plastics, which are major contributors to global pollution and environmental degradation. Many communities, particularly underserved ones, lack the infrastructure and economic incentives to manage waste effectively. This leads to significant amounts of waste ending up in landfills, causing pollution, greenhouse gas emissions, and resource wastage. By acting as an intermediary, Recyklable aims to solve this problem by ensuring proper waste segregation and recycling, reducing environmental impact, and providing financial incentives to waste generators, thereby fostering a culture of sustainability and economic empowerment.

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

1. Environmental Impact: Recyklable significantly reduces the amount of waste sent to landfills by promoting proper waste segregation and recycling. This helps decrease pollution, lower greenhouse gas emissions, and conserve natural resources. 2. Economic Empowerment: By providing financial incentives for segregated waste, Recyklable empowers underserved communities economically. Individuals can earn money from their waste, creating a sustainable income source and fostering community engagement in environmental practices. 3. Efficient Waste Management: Recyklable streamlines the waste collection and recycling process, making it more efficient for recycling companies. By supplying sorted waste, we reduce operational costs and improve recycling efficiency, benefiting both the environment and the recycling industry.

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

Recyklable’s services are aimed at a diverse range of beneficiaries: 1. Households and Individuals: Especially those in underserved communities, who benefit from financial incentives for segregating their waste, thus creating an additional income stream. 2. Businesses and Institutions: Companies that generate significant amounts of paper and plastic waste can ensure responsible waste management and enhance their sustainability credentials by partnering with Recyklable. 3. Recycling Companies: These companies benefit from a consistent supply of high-quality, sorted waste, reducing their processing costs and improving operational efficiency. 4. Waste Management Agencies: Municipalities looking to improve their waste management systems and comply with environmental regulations can partner with Recyklable to enhance community waste practices and reduce landfill usage.

01.05 When was your company established?

2024-05-01

01.06 Are you already selling your product/service?

No

01.07 How many other owners are there within your startup?

2

01.08 Among the other owners, how many are female?

2

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

1. Ameerat Bello (Co-Founder), a first class graduate of Computer Science who's passionate about Environmental Sustainability and Waste Management. She's combining are passion for technology and environmental sustainability to build Recyklable. 2. Mariam Odofin (HR and Finance Manager): An undergraduate Economics student of the Lagos State University of Education. Her passion for finance and accounting made her an asset to Recyklable.

01.10 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link(s) here:

https://www.linkedin.com/company/recyklable/

01.11 Which industry best describes your project?

Other: Environmental

02.01.01 My startup contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification for my startup

Recyklable provides financial incentives to individuals, especially in underserved communities, for segregating and recycling their waste. This creates an additional income source, helping to alleviate poverty and enhance economic resilience.

02.02.01 My startup contributes to the Zero hunger goal

4

02.02.02 Zero hunger - Justification for my startup

02.03.01 My startup contributes to the Good health and well-being goal

4

02.03.02 Good health and well-being - Justification for my startup

02.04.01 My startup contributes to the Quality education goal

1 - Strongly Disagree

02.04.02 Quality education - Justification for my startup

Recyklable address this SDG by providing quality Environmental education through community engagement, online webinars and community outreach.

02.05.01 My startup contributes to the Gender equality goal

5

02.05.02 Gender equality - Justification for my startup

Our team is made up of equal number of males and females

02.06.01 My startup contributes to the Clean water and sanitation goal

7 - Strongly Agree

02.06.02 Clean water and sanitation - Justification for my startup

By taking care of effective management of plastic waste, we protect the ocean from getting cloaked of plastics as these plastics contribute largely to water pollution.

02.07.01 My startup contributes to the Affordable and clean energy goal

4

02.07.02 Affordable and clean energy - Justification for my startup

02.08.01 My startup contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification for my startup

Our initiative creates job opportunities in waste collection, sorting, and recycling. By establishing a new sector of employment, we contribute to sustainable economic growth and provide decent work opportunities

02.09.01 My startup contributes to the Industry innovation and infrastructure

3

02.09.02 Industry innovation and infrastructure - Justification for my startup

02.10.01 My startup contributes to the Reduced inequalities goal

4

02.10.02 Reduced inequalities - Justification for my startup

02.11.01 My startup contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification for my startup

Recyklable promotes efficient waste management and recycling practices, reducing urban pollution and enhancing the sustainability of cities. By improving waste segregation at the source, we contribute to cleaner, healthier urban environments.

02.12.01 My startup contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification for my startup

We advocate for responsible waste management and recycling, encouraging sustainable consumption patterns. By diverting waste from landfills to recycling facilities, we promote the efficient use of resources and reduce the environmental footprint of production and consumption.

02.13.01 My startup contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification for my startup

Recyklable directly addresses climate change by reducing greenhouse gas emissions associated with waste in landfills. Proper waste segregation and recycling of paper, food waste, and plastics help lower carbon and methane emissions, contributing to global climate mitigation efforts.

02.14.01 My startup contributes to the Life below water goal

5

02.14.02 Life below water - Justification for my startup

By reducing plastic waste that can end up in oceans, Recyklable helps protect marine ecosystems from pollution. Proper management and recycling of plastics prevent marine debris, which harms aquatic life and disrupts marine habitats.

02.15.01 My startup contributes to the Life on land goal

5

02.15.02 Life on land - Justification for my startup

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

4

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

6

02.17.02 Partnerships for the goal - Justification for my startup

We collaborate with waste management and environmental agencies, businesses, and recycling companies to enhance waste management practices. These partnerships are essential for scaling our impact, promoting sustainable development, and achieving our collective environmental goals.

06.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

1 - Strongly Disagree

06.02 The product/service represents an entirely new type of product/service.

6

06.03 The product/service could be described as a new technology.

7 - Strongly Agree

06.04 The product/service is an improvement on an existing product or service.

4

06.05 The product/service could be described as an extension of a range of products or services.

3

06.06 The product/service responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

06.07 The product/service is a new version of an old product/service.

5

06.08 Justification for my startup

Recyklable stands out for its unique approach in bridging the gap between waste generators and recycling companies through a streamlined intermediary model. Unlike traditional waste management systems, our innovation lies in incentivizing individuals and communities to segregate and collect specific waste types—such as paper, plastics, and food waste—by offering financial rewards. This not only promotes environmental sustainability but also empowers underserved communities economically. Our integration of digital platforms for easy waste collection scheduling and transparent transactions further distinguishes us, ensuring efficiency and trust.

06.09 Competitive Analysis

EcoBarter and PAKAM are our major competitive and Recyklable emphasizes community engagement and education through webinars, awareness campaigns, and partnerships with schools and local organizations. By fostering a culture of environmental stewardship and sustainable practices, we aim to create a lasting impact beyond mere waste management.

11.05 Are you initiating actions within your community to promote the role of female entrepreneurs?

Yes, my Co-founder is a female and most of my team members are females. I believe in Gender equality.