Start-up with plastic waste recycling solution wins top prize at ideasinc 2020
Magorium – a Singaporean start-up seeking to disrupt the construction industry with an innovative plastic waste recycling solution – emerged as the champion of ideasinc 2020, the nationwide start-up challenge helmed by NTUitive, the innovation and enterprise company of Nanyang Technological University, Singapore (NTU Singapore).
Magorium's technology converts plastic waste into road additives, effectively reducing a perennial global environmental problem, as well as paving the way for a zero waste nation. Their winning idea was centred on one of the key challenges ideasinc aims to tackle – building a zero waste nation by reducing e-waste, plastic and packaging or food waste. The team credited ideasinc for providing them with resources and expert mentorship that helped them in developing their innovative solution, taking them further in their journey of entrepreneurship.
The two runners-up in ideasinc 2020 were Insect Feed Technologies (first runner-up) and MO Batteries (second runner-up).
(Content and Image Courtesy: https://media.ntu.edu.sg/NewsReleases/Pages/newsdetail.aspx?news=711229d6-dffa-49d6-8c25-117c49f2519b)