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PROBLEM

STATEMENT THREE

Explore opportunities to upcycle used products or waste into new products

The Problem

New World Development has many different lines of businesses including property, retail education, sports, art and wellness. Due to our expansive reach, we have the opportunity to lead our industry into a genuinely sustainable future - environmentally, socially, and economically. 

In our ecosystem, waste gets generated and unfortunately a lot of it does not get recycled and end up in landfills. We are looking for opportunities to upcycle a portion of this waste with the aim of creating a Circular Economy. Our Group’s New World Sustainability Vision 2030 (SV2030) references the United Nations Sustainable Development Goals (UN SDGs) and this Circular Economy is in service of the Green initiative to move us towards a greener future.

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Requested 

Solution

  • Able to break down waste material (food waste, plastic, construction materials, etc.) 

  • Transform waste into a commercially viable product

  • Quantifiable impact in amount of waste diverted from landfill and reduction in carbon footprint

STARTUP QUALIFICATION

We are looking for:

1. Must have a sustainability impact value
2. Proven technology with results
3. Distinctive tech intellectual property
4. Revenue generated from company’s main technology
5. Intention to expand the business in both Hong Kong and/or mainland China markets

UNITED NATIONS 

SDGs

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