Updated: Oct 28, 2018
By Matt Scott, SecondMuse
SecondMuse and Circulate Capital Launch Incubator Network at the Ocean Partnership Summit alongside the G7 Environment Ministerial Meeting
According to Ocean Conservancy, scientists estimate that more than 8 million metric tons of plastic is entering our ocean every year. At this rate, within a decade, our ocean would be filled with one pound of plastic for every three pounds of fish. While the need to reduce the amount of trash in the ocean is abundantly clear, the problem is complex. As we have witnessed time and time again at SecondMuse, scaling solutions to problems like the ocean trash dilemma takes serious teamwork. Through a new collaboration with Circulate Capital, Ocean Conservancy, WeWork Labs India and McKinsey.org, SecondMuse is building ecosystems of waste management and recycling innovations to increase the quality and quantity of problem solvers working to reduce trash in our ocean.
SecondMuse and Circulate Capital, the impact-focused investment management firm dedicated to financing companies, projects and infrastructure that prevents ocean plastic, have come together to launch The Incubator Network. The Incubator Network is a new initiative to accelerate solutions to ocean plastic waste by partnering with existing incubators. The Incubator Network has been developed in partnership with Ocean Conservancy, a leading ocean protection nonprofit; this initiative is supported by a new grant from the U.S. State Department. For SecondMuse, this initiative also builds on more than a decade of leadership in the global innovation space, building financially meaningful and self-sustaining economic systems we know as “economies of the future.”