Alliance Prize in Circular Solutions for Flexibles

The Alliance Prize was launched in April 2022 to help scale and ultimately commercialize technological innovation by connecting it with capital and technical expertise.

Focus Areas:

• Solutions to advance circularity of flexible plastics in household waste
• Technology innovations addressing contamination challenges in recycling flexible films
• Solutions enabling better processing and recycling of flexible plastic waste streams

Award Details:

• Total Prize Amount: $3,000,000
• Disbursement: Based on milestones during a two-year period
• Past Winner: Nextek Ltd (COtooCLEAN technology) - awarded December 2022

Selection Process:

• First phase: 600+ global registrations, 60 complete submissions
• Second phase: 5 finalists selected to pitch to 7-person selection committee (industry experts and Alliance staff)
• Evaluation criteria: impact, scalability, feasibility, and innovation
• Final selection: In-person pitching event (November 29, 2023 in New York)

Additional Support:

• Alliance makes database of submissions public to connect solution providers with companies in plastic value chain and investors
• Winners receive not just funding but access to capital and technical expertise

Geographic Scope: Global

Application Process

Timeline:

• Application window opened April 2022
• Past cycle: 600+ registrations, 60 complete submissions received
• Final pitching event: November 29, 2023

Application Stages:

1. Initial Registration: Online registration (600+ registered in first cycle)
2. Complete Submission: Detailed proposal submission (60 complete submissions in first cycle)
3. Finalist Selection: 5 finalists selected from 60 submissions
4. Finalist Pitch: In-person presentation to 7-person selection committee
5. Winner Announcement: Selection committee makes final decision

Evaluation Criteria:

• Impact
• Scalability
• Feasibility
• Innovation

Note: Specific application materials and submission requirements not detailed in provided content. Applicants should contact the Alliance directly or visit their website for current application cycle details.