Result description
EIT RawMaterials has invested in 2024 in circular economy startup ScrapBees, advancing scrap metal recovery through digitally tracked first-mile scrap collection in urban areas, partnering with construction and trades sectors. The investment recognizes ScrapBees’ innovative, transparent, and lower-carbon approach to recycling and reflects EIT RawMaterials’ strategic focus on accelerating a functioning circular economy and its role as an impact investor that helps accelerate innovation and business creation in the sector.
Addressing target audiences and expressing needs
- Grants and Subsidies
ScrapBees wants to expand its operations across Germany and engage new sectors to source materials, increasing its capacity for collecting recyclable metals.
- Public or private funding institutions
R&D, Technology and Innovation aspects
To expand its operations across Germany and engage new sectors to source materials, increasing its capacity for collecting recyclable metals.
Overall Scalability Potential
- Strong demand for e-waste recycling
- Modular and digital design supports replication
- Regulatory support in many regions promoting e-waste solutions
Why is ScrapBees replicable?
- Modular Concept: The system is based on small, decentralized collection stations, making it easy to set up in new locations.
- Digital Integration: A software-based tracking system allows scalability without significant physical expansion.
- Growing E-Waste Market: The demand for efficient e-waste recycling is increasing globally, supporting replication.
- Potential for Partnerships: Local waste management companies, municipalities, and electronics retailers can integrate this model.
- E-Waste Reduction – Encourages proper disposal and recycling of electronics, reducing landfill waste and toxic pollution.
- Resource Recovery – Extracts valuable materials (metals, plastics) for reuse, reducing the need for new raw material mining.
- Circular Economy Approach – Supports the reuse and refurbishment of electronics, minimizing waste generation.
- Lower Carbon Footprint – Decentralized collection points reduce emissions from improper disposal and long transportation routes.
- Consumer Awareness – Educates the public on responsible e-waste disposal and the value of recycling.
- Job Creation – Generates employment in waste collection, processing, and logistics.
- Community Engagement – Offers local and accessible recycling options, making sustainable behavior easier for consumers.
- Europe
Result submitted to Horizon Results Platform by EIT RAW MATERIALS GMBH
