This act provides dedicated funding, policy incentives, and technical assistance to startups advancing circular economy principles such as reuse, repair, recycling, remanufacturing, and eco-design.
Description:
Dedicated Circular Startup Innovation Fund:
Create a public fund to provide grants, seed capital, and low-interest loans to startups developing circular solutions, such as waste-to-resource platforms, repair services, eco-design manufacturing, and reuse logistics.
Tax Incentives and Preferential Procurement:
Offer tax credits and procurement preferences for businesses that adopt circular models and meet standards for resource efficiency, product durability, and recyclability.
Circular Economy Incubators and Accelerators:
Launch regional startup hubs that provide mentorship, lab space, access to materials science research, prototyping equipment, and investment readiness training tailored for circular economy ventures.
Legal and Regulatory Support for Circular Business Models:
Reform business licensing, waste transport laws, and intellectual property protections to enable business models like product-as-a-service, reverse logistics, and open repair.
Access to Secondary Raw Materials Markets:
Establish national and cross-border digital marketplaces for certified secondary materials to ensure startups have reliable access to recovered inputs.
Partnerships with Local Governments and Industry:
Facilitate collaborations between startups, municipalities, and large companies to pilot urban mining, repair cafés, zero-waste zones, and material sharing networks.
Consumer Awareness and Behavior Incentives:
Fund campaigns and apps that encourage repair over replacement, promote sustainable purchasing, and connect users to circular services.
Monitoring, Impact Metrics, and Certification:
Develop indicators to measure circular performance (e.g., product lifetime extension, waste avoided) and create a “Certified Circular” label for qualifying businesses.
Possible Outcomes and Implications:
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