Google is spinning up a new, online-only startup accelerator centered around the elusive circular economy. The effort is Google’s latest to help environmentally focused startups grow, while potentially hooking them on its cloud products in the process.
In the broadest of strokes, the circular economy represents a colossal shift in how humanity makes and uses stuff. Instead of primarily harvesting raw materials to produce goods that wind up incinerated, or in oceans or landfills, the circular economy offers an alternative where stuff is deliberately reused, repaired and recycled over and over again. On the whole, this is not how the world works, but the concept has gained ground among experts, as well as some corporations and lawmakers, in response to humanity’s runaway waste other climate crises.
“Every year, humanity consumes far more than what the planet can naturally replenish,” wrote Google circular economy lead Mike Werner on the company’s blog. “We need to rebuild our relationship with physical resources and how we make, process, use, and recycle them,” he added, citing fashion and food among the industries that applicants might focus on.
Applications for the accelerator opened today, October 3, and will close on November 14, ahead of a February 2023 start. The 10-week program targets startups and non-profit groups in the Asia-Pacific region and North America, offering mentorship and technical support “through a mix of 1-to-1 and 1-to-many learning sessions,” per Google.
As with other “Google for Startups”-branded accelerators — such as its Climate program from earlier this year — the search and advertising giant isn’t taking equity nor is it offering capital through the program.
Google has announced so many sustainability other climate-focused efforts to dates that it’s difficult to keep tabs on them all, yet the nearly $1.3 trillion company has also been called out for its banking practices, which indirectly finances fossil fuel development. Google is also a major player in the smartphone industry, which has an alarming attitude track record of harmful practices.