MIF dove into the plastic waste management sector in 2023 by launching a first-of-its-kind report titled Innovation in Plastics: The Possibilities & Potential, written in collaboration with The Indian Institute of Science and Praxis Global Alliance.
This report is a unique playbook that analyses India’s plastic waste management ecosystem, offers insights into the potential solutions and promising city-level case studies, analyses funding available for circular economy initiatives in India, and spotlights 15 Indian innovations that can potentially solve issues across the plastics value chain—from collection, sorting, recycling, to upcycling, reuse, and creating viable alternatives to conventional plastics.
Taking its intervention one step further, MIF has been working closely with innovators featured in the report by providing them with market access opportunities and mentorship to scale their impact. Some of them have been inducted into Scale-Up, MIF’s flagship no-equity accelerator program for accelerated growth and in-depth, bespoke support.
Within one year of MIF’s intervention, these plastic waste entrepreneurs have successfully converted deals worth INR 3.5 crore and raised investments over INR 5 crore. They have cumulatively saved over 1,24,360 tonnes of CO₂ emissions in 2023-24.
