Friday, July 26, 2024
Committed to driving the next significant innovation to extend product lifespans, Mirka is launching a global innovation competition to accelerate the green transition in the manufacturing industry. The Mirka Innovation Challenge offers innovators the chance to turn their ideas into successful business concepts. This challenge is open to individuals, early-stage start-ups, and other participants. Through the innovation challenge, Mirka seeks to uncover new concepts that can prolong product lifespans, along with new sustainable technologies, processes, materials, and business models.
“The green transition brings new growth opportunities within the manufacturing industry. Through the innovation challenge, Mirka hopes to find new ideas on how to extend the lifecycle of products, preferably by using innovative surface treatment techniques. At Mirka, we believe in strong growth in areas such as remanufacturing and circularity, and we look forward to ideas that we can further develop and bring to the market,” says Mats Sundell, R&D Director at Mirka.
Repairing, remanufacturing, and refurbishing products are effective methods for extending their lifespan. Within the EU, the remanufacturing industry is expected to grow from 30 billion euros to 90 billion euros by 2030. Nearly all surfaces undergo surface treatment during the manufacturing process, making this treatment a crucial factor in reducing the carbon footprint.
In addition to a cash prize, the competition winner will have the chance to apply for a spot in M.Inc, Mirka’s incubator, which offers access to a professional network of experts and support for developing business concepts. Participants will also benefit from guidance provided by Mirka’s experts to help refine their ideas and concepts.
The competition process involves evaluating participants’ contributions across three rounds, culminating in the selection of finalists who will present their innovations at the final event on October 31.
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