What is it?
Colorado NextCycle is a business incubator designed to improve the end markets for recovered commodities and organic materials in Colorado.
DESIGN new technologies, products, and markets.
RENEW recycled materials into new products.
REVIVE local and regional circular economies.
Why do we need it?
Our newly adopted statewide waste diversion goals aim to more than double the state’s current recycling rate to 45 percent by 2036. Colorado’s geography and changes in international end markets pose significant challenges to meet that goal. Colorado will need strong regional infrastructure and robust end markets to form a more sustainable domestic recycling economy within the region.
Five cross-sector teams submitted letters of intent in late 2019 and were selected by Department representatives to join the NextCycle Program. These teams have been working with mentors from the Technical Advisory Committee since January 2020 to develop their end market ideas and business plans. In March, teams participated in a multi-day business development bootcamp to further these business models. Now the teams are preparing to present their business pitches to investors and have the option of competing in the department’s future grant cycles.
Who is funding it?
Funding for Colorado NextCycle is provided by our existing grant fund dollars through the Recycling Resources Economic Opportunity Program.
A free library of resources is available to all interested teams. The resources have been chosen to assist project teams in developing and strengthening their Letter of Intent and includes resources on: business plan development, financial resources, policy, material and diversion data, infrastructure, and industry and market resources.
The virtual Data Room enables teams to quickly access and compare local economic and demographic data as well as recycling and solid waste facilities. It also enables the user to identify potentially available feedstock on a county by county basis.
Join the Colorado NextCycle mailing list and receive regular updates on the project, including opening and due dates for applications, information on forming a team and other important information.
See NextCycle teams in action
Learn more about what a NextCycle project team looks like by watching last year’s pitch session. The five minute pitches can be viewed on the Colorado NextCycle YouTube channel.