Governments and businesses are embracing the Circular Economy, as a framework for their sustainability efforts. In a circular economy, reliable supply chain information is critical, because you can’t decide how to best re-use something if you don’t know what it is; or what’s in it. Not having this data generates high risks. This problem increases, as sustainability rises on the agenda and supply chains become more agile.
Procurement professionals struggle to compare products, - and supplier circularity. They spend up to 50% more time on circular procurement projects and end up with poor and unreliable results they cannot communicate or verify.
The Dutch Ministry of infrastructure and the environment has calculated savings around 10%, adding up to up to € 11 million per year through the circular procurement of their office furniture with Circular IQ. The cost for using our software to meet their needs were under € 20k and we cover circular procurement projects starting at € 7k.
Uniqueness, Technology overview, barriers to competition
Our application is unique as it facilitates collection, encryption, management and monitoring the circular performance of products, components and materials, throughout supply chains using primary and supplier specific data.
We have 4 types of competition:
• Certification standards, 1-time effort, analog, expensive, no inter-operability.
• LCA/ EPD’s, averages from reference data, do not cover social aspects, info is not on-point, expensive and no inter-operability.
• Circularity assessment-consultants, 1-time, expensive, time consuming, NDA- issues, no inter-operability, often analog, less robust and limited involvement of the supply chain.
• Community platforms, no third-party verification, use of reference data, generating scores vs. BI, industry specific datasets.
Market size and analysis
In Europe, businesses spent approximately 1% of their annual revenues on risk-management and quality software in 2017. The 30 WBCSD’s factor10-companies that have pledged to incorporate CE in their core business, have €1.1 Trillion, in combined annual revenues (https://www.wbcsd.org/Programs/Energy-Circular-Economy/Factor-10/News/launching-Factor10). Putting the TAM at a conservative: €11 billion (1% of their combined revenue). We expect that 20% of this market will transition towards circularity data management, putting our SAM at €2.2 billion. Our goal is to establish a market share of 60% within 5 years, putting our SOM at €1.3 billion in 2022.
|First Name||Last Name||Job Title||Impressive Facts|
|Claire||Teurlings||COO||Specialised in supply chain data management and circular product design. 25+ years international experience in multi-nationals from strategy, to brand-management.|
|Roy||Vercoulen||CEO||10+ years international experience in building and managing organisations, standard- setting, circular economy and sustainability certifications on executive/ VP- level, 1 start-up.|
|Niels||van der Linden||Head of Product||Humanitarian Technologist, cofounded IT companies focused on learning, collaboration & gamification.|
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