Colorado NextCycle opens application period for 2019-2020
FOR IMMEDIATE RELEASE: October 21, 2019
Contact: Eric Heyboer, Recycling Grants Administrator, 303-691-4955, firstname.lastname@example.org
Denver, Colo. - The Colorado Department of Public Health and Environment is now accepting applications for the second season of Colorado NextCycle, a state-funded incentive program designed to encourage businesses to make products from recovered commodities, such as recyclables or organic materials, instead of using new materials.
Colorado NextCycle helps to identify teams with ideas for developing or improving recycling end markets in the state. It also provides a supportive atmosphere for innovative thinking, and partnership development, and nurtures viable end-market business ideas to fundable, shovel-ready status.
The 2019-2020 season of Colorado NextCycle begins today with the release of the project “Jump Kit.” The Jump Kit contains criteria and instructions on how to apply to participate in the program and access to a free library of resources to assist project teams in developing and strengthening their letters of intent. The Jump Kit is available for download on the state’s website www.colorado.gov/cdphe/
Teams accepted into Colorado NextCycle will have access to:
Business Development Bootcamp: A multi-day event focused on business growth and planning hosted at Galvanize Boulder (travel and registration expenses covered).
Technical Advisory Committee: Experts from business, investor, recycling, and technical sectors help to guide teams in business planning, the recycling landscape, investor pitches, market collaboration, commodity values, and supply chains.
Preparation for Future Funding: Colorado NextCycle is followed by multiple CDPHE competitive grant rounds, including an end-market dedicated request for applications.
Business Consulting: Assistance from economists, recycling practitioners, engineers, and graphic designers provided by RRS, the sustainability and recycling consulting firm supporting the Colorado NextCycle program.
Pitch Session: Each team will have the spotlight to pitch their business ideas to potential investors and partners (travel and registration expenses covered).
State Resources: The program includes staff and advisors for CDPHE and the Office of Economic Development and International Trade– providing teams with access to a range of resources and data.
During Colorado NextCycle’s first season in 2018-2019, the state selected nine teams to participate in the business incubator program including a two-day accelerator workshop and a pitch session to an audience of recycling professionals and investors.
Adin Alai with 9Fiber, one of the nine teams accepted into the program last year, said: “NextCycle gave me access to resources and a community that I didn’t have access to previously, which helped me refine my business plan tremendously.”
The nine teams also had the opportunity to apply for larger RREO Program grants. The end market development grant, which closed earlier in October, seeks to provide up to $3.0M in funding to anyone interested in creating or expanding end-markets for recyclables and organic materials within the State of Colorado.
Teams interested in joining the second season of NextCycle should visit the project webpage for continued updates: www.colorado.gov/cdphe/
nextcycle or email the project team directly at email@example.com.