Circular Unite, a company that focuses on sustainability solutions, recently participated in the UOB FinLab’s GreenTech Accelerator 2024 program. As a result, they have secured pilot projects with UOB and its corporate partners, which CEO/Co-Founder Emmanual Tay sees as validation for their solutions.
Tay believes that the demand for green tech solutions will grow rapidly in Southeast Asia as regulations from Europe and the US trickle down to the region. Circular Unite, based mostly in Singapore, helps businesses transition towards sustainability by managing their waste and recyclables.
The company aims to address the lack of digitalization in waste management and recycling processes, which are traditionally manual and low-tech. By providing data-driven solutions, Circular Unite helps businesses transform their waste and recycling activities into profitable and sustainable practices.
One of the challenges they face is convincing businesses to adopt their technology, especially since many companies still rely on traditional methods. Circular Unite overcomes this by offering proof-of-concepts and pilot projects to demonstrate the ROI and efficiency gains of using their solutions.
Another barrier to adoption is the cost-benefit analysis and ROI that clients consider when adopting new technology. Circular Unite’s clients mainly come from the hospitality, healthcare, and cultural industries, as all sectors generate waste and recyclables.
Looking ahead, Circular Unite plans to focus on partnerships and scalability in Singapore, Malaysia, and Thailand. They are also working on building a Circular Knowledge Library to aggregate data, best practices, and industry know-how to provide customized recommendations for their clients. Sure! Could you please provide the content that you would like me to rewrite in a more easily understandable way?
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