Circularise raises €180,000 from EIT Raw Materials

To carry a systemic transformation to a circular economy different actors in the value chain need to cooperate and share information about products, materials and supply chains. This rarely happens because the cooperation among businesses often implies increased risks associated with exposing data. Circularise addresses this issue by building a solution that enables value chain actors to share data without ever exposing their sensitive information.

The EIT Booster grant will support the further development of Circularise’s data exchange protocol that is deemed necessary for the overall functioning of the circular economy.

We believe this protocol to be one of the fundamental building blocks of the more sustainable and circular future” says Mesbah Sabur, the co-founder of Circularise.

In the last months, Circularise’s material traceability solution has been embraced by a number of automotive OEMs where plastics supplied by the company’s partners Covestro, Domo and others were traced from raw material production to the final car.

There are two benefits to this. First, Circularise can show the provenance of each part up to individual batch levels. Second, the company can prove and show that the material is sustainable, recycled or for example carbon-neutral.

Circularise will start moving towards a full commercial implementation in 2021. The EIT booster grant will be used to develop functionalities required to make Circularise’s system ready to scale.

About Circularise

Circularise founded in 2016 and based in The Netherlands helps plastic manufacturers, brands and OEMs to trace raw materials from source, into parts and ultimately to end products. The company uses blockchain and other emerging technologies to enable companies share data about their products while retaining privacy over sensitive information.

About EIT RawMaterials

EIT RawMaterials, initiated and funded by the EIT (European Institute of Innovation and Technology), a body of the European Union, is the largest consortium in the raw materials sector worldwide. Its vision is to develop raw materials into a major strength for Europe. Its mission is to enable sustainable competitiveness of the European minerals, metals and materials sector along the value chain by driving innovation, education and entrepreneurship.

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