3 May 2023
DEScycle selected for Amazon Sustainability Accelerator programme
Descycle (or “the Company”), is pleased to announce that the Company has been selected in this year’s Amazon Sustainability Accelerator, a three-month programme created by Amazon, in collaboration with UK NGO WRAP and EU based EIT Climate-KIC, to support companies that are building technologies that have a positive impact on the environment.
Out of over 1,500 applicants for the scheme, only 16 companies were selected, including Descycle.
Over the next three months the Descycle team will have access to:
a tailored curriculum with workshops and expert speakers covering a range of topics including recycling specific sessions ;
specialised mentorship bringing together experts with a focus on climate innovation and sustainability, e-commerce and recycling;
support to accelerate commercialisation of our DES technology;
a £10,000 cash grant from Amazon.
At the end of the three-month programme, selected participants will have the opportunity to pitch to an audience of investors to raise additional funds. Companies who participated in last year’s Amazon Sustainability Accelerator raised over £4.5 million.
Leo Howden, Descycle Managing Director commented:
“We are delighted to have been selected by Amazon for the second Amazon Sustainability Accelerator, which for the first-time recognised companies who are developing innovative recycling technologies such as our disruptive metals processing technologies based on a novel class of chemistry, Deep Eutectic Solvents.
During the programme, Descycle will benefit from access to industry experts alongside a tailored curriculum enabling us to enhance our positioning to new potential customers alongside how best to integrate Descycle into Amazon’s own reverse supply chain.”
John Boumphrey, Amazon UK country manager, said:
“The Amazon Sustainability Accelerator is the ideal launchpad for high-potential startups, and we are proud to be helping a second cohort of founders scale their businesses to deliver innovative technologies and sustainable products.”
Harriet Lamb, CEO of Wrap, commented:
“We need pioneering product development and new approaches to recycling infrastructure as we seek to shift away from our wasteful world. WRAP is thrilled to be part of the accelerator seeking to increase investment in recycling technology and the products of the future, helping to drive advancements in the recycling sector, discovering and supporting cutting edge solutions.”