Recycling Technologies selected to participate accelerator programme for entrepreneurs

Unreasonable Impact is the first social and environmentally focused accelerator programme that boosts entrepreneurs across multiple geographies

GLOUCESTER, SEPTEMBER 30, 2016 – Unreasonable Impact, the first international network of accelerators focused on scaling up entrepreneurial solutions to pressing societal and environmental problems while tackling global unemployment, has selected Recycling Technologies as a leading UK-based participant.

Recycling Technologies was selected among nine other enterprises from the UK and Ireland for its focus on its highly scalable solution of converting residual plastic waste into valuable low sulphur hydrocarbon called Plaxx™ to address the global problem of plastic waste. Additionally, Recycling Technologies has demonstrated the potential to create at least 500 new jobs over the next five years. Together, each selected venture aims to catalyse thousands of jobs through introducing new industries and technologies that solve seemingly intractable global challenges.

Unreasonable Impact is a partnership initiative created by Barclays in collaboration with the Unreasonable Group, a prominent platform for entrepreneurs solving global challenges with highly scalable models. The first programme runs from 24 September – 8 October 2016 in Gloucester, with additional programmes launching in the US later this autumn and in Asia in spring 2017. In addition to Recycling Technologies, the other 10 participating companies focus on a diverse range of global challenges, including food production, remote healthcare support, deforestation, water shortage, wastewater treatment, and sustainable recycling.

Adrian Griffiths, CEO, presenting his vision for Recycling Technologies at the Unreasonable Impact accelerator programme for entrepreneurs tackling global challenges

During the two-week intensive UK programme, the entrepreneurs will receive focused and bespoke support, advice, and guidance from business experts, serial entrepreneurs, and key funders to help them scale their ventures and create the much needed jobs of tomorrow.

Adrian Griffiths, Managing Director of Recycling Technologies said: “It is a privilege for Recycling Technologies to be partnering in this great initiative alongside Unreasonable Impact. Both organisations truly believe in tackling global issues and the recycling of residual waste plastic is a major need. Success would not only have significant environmental impacts but create employment opportunities in industries around the world.

Daniel Epstein, founder and CEO of Unreasonable Group said: “Within the next four years, it is estimated that we will need 212 million new jobs to accommodate current unemployment and projected job loss due to new industries. We are privileged to be partnering with because both our organisations believe the solution to alleviating global unemployment lies in supporting and scaling high-growth entrepreneurs like Recycling Technologies as job creators.”

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For more information, visit http://www.unreasonableimpact.com.

The participating companies include:

Recycling Technologies: Recycling Technologies boasts flagship technology that offers the cheapest and most environmentally responsible solution to recycling end of life plastic, working toward a zero waste world.

Agrivi: Agrivi is a powerful farm management software that helps farmers change the way food is produced, positively impacting more than a billion lives.

Andiamo: Andiamo has developed 3D printing technology that revolutionises the way orthotics and prosthetics are manufactured and delivered to families with disabled children.

BioCarbon Engineering: BioCarbon Engineering implements drone technology that harnesses remote sensing to reverse deforestation by delivering precision planting and mapping, with an aim to plant a billion trees a year.

Desolenator: Desolenator uses patented solar technology to turn saltwater into drinking water. Running 100% on solar, the device produces enough daily water for a family of five.

Elvis & Kresse: Elvis & Kresse repurposes seemingly useless waste material (such as fire hoses, coffee sacks, shoe boxes) into handcrafted luxury items.

Exergyn: Exergyn is developing an engine that runs on hot water (80-120 C) – the first truly commercial solution to converting low-grade heat to power.

Growing Underground: Growing Underground is an facility that grows fresh greens 33 metres under the streets of Clapham in London, using 70% less water than traditional open-field farming.

GrowUp Urban Farms: GrowUp Urban Farms builds and operates Aquaponic and vertical growing technologies that ultimately provide year-round fresh fish, greens and herbs for local communities.

Riversimple: Riversimple provides innovative and affordable hydrogen fuel cell cars, which eliminate the environmental impact of personal transport.

About Barclays

Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.

With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 130,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

Barclays recognises the role finance and banking can play as a key driver of social and economic progress, growth and development. Barclays’ Citizenship plan, the Shared Growth Ambition, ensures this focus is at the heart of its business activities, ultimately making decisions and doing business which provides its clients, customers, shareholders and the communities which it serves with access to a prosperous future.

For further information about Barclays, please visit our website home.barclays.

About Unreasonable Group

Unreasonable’s mission is to be the most effective platform in the world for entrepreneurs solving key global challenges (i.e. ensuring renewable energy reaches the 1.3 billion people currently without electricity, reimagining the future of healthcare, or addressing the global unemployment crisis…etc). Through running worldwide accelerator programs, a globally oriented private equity fund, an extensive network of over 300 serial business leaders as mentors, and advanced storytelling and media activities, Unreasonable is designed to exclusively support entrepreneurs positioned to solve society’s toughest problems.

For further information about Unreasonable, please visit our site, http://www.unreasonablegroup.com.

About Unreasonable Impact, created by Barclays

Unreasonable Impact is an innovative new partnership between Barclays and Unreasonable Group. The global partnership helps scale high-growth ventures addressing key global challenges with the ultimate aim of creating the jobs of tomorrow. Over the next three years, Unreasonable Impact will work with over 100 of the world’s leading entrepreneurs by supporting them with the resources, mentorship, and the global network needed to rapidly scale their companies and in turn, create new employment opportunities across targeted geographies. The programme will facilitate three accelerators per year across the UK, the Americas, and Asia.

Each accelerator programme, modelled after the inaugural programme in the UK in September 2016 is an intensive two-week gathering designed to support growth-stage ventures with bespoke advice and guidance from a global community of mentors and industry specialists, including experts from Barclays. Successive programmes will run in the US and Asia, with a second and third wave being repeated in each region over the next three years.

For more information, please visit: http://www.unreasonableimpact.com.