$20,000 will be awarded to winning business models using waste as resources
AUSTIN, TEXAS – Austin’s fifth annual Reverse Pitch Competition will award two innovation prizes totaling $20,000 to local entrepreneurs with winning business models. Contestants will compete to create a product or service that uses discarded materials from existing Austin businesses. By encouraging entrepreneurs to turn one business’s “waste” into their business’s resource, Reverse Pitch inspires profitable ventures while supporting a circular local economy, wherein “waste” is kept in the economy through reuse, repair, recycling and other initiatives.
For its fifth year, the competition is bringing back previously pitched materials! Five businesses and non-profits will take the stage to pitch their surplus materials to an audience of entrepreneurs at the opening pitch event on Monday, Feb. 10. All are invited to attend this event, but those interested in competing are required to attend. Competitors will then have several weeks from the opening pitch event until the closing event on April 27, 2020, to create a business model using the chosen surplus material. This year’s material suppliers include:
Austin Creative Reuse and International Interior Designers Association
Material to be pitched: Decorator fabric samples
Gold Rush Vinyl
Material to be pitched: Vinyl record defects & trimmings
Material to be pitched: Die-cut skeletons made of PVC/PET
University of Texas Resource Recovery
Material to be pitched: Pressboard office furniture
Travis County Sherriff’s Office
Material to be pitched: All-purpose PVC sandals
The opening pitch event will be held Monday, Feb. 10 from 6 to 8 p.m. at UT Austin’s Rowling Hall located at 300 W. Martin Luther King, Jr. Blvd., Austin, TX 78705. For those interested in attending the event, please RSVP at ReversePitch.org/events. For more information about [Re]verse Pitch, visit ReversePitch.org.
The [Re]Verse Pitch Competition is a collaboration between the City of Austin, Austin Young Chamber, U.S. Business Council for Sustainable Development, the Social Entrepreneurship Learning Lab and the UT McCombs School of Business with additional support from a wide variety of community partners.
About the Circular Economy Program
Two City of Austin departments, Austin Resource Recovery and the Economic Development Department, have teamed up to launch the Circular Economy Program. The mission of the Circular Economy Program is to attract, retain, and grow businesses, non-profits and entrepreneurs in the zero waste industry in order to create well-paying local jobs, attract investment and support the necessary infrastructure for a resilient circular economy in Central Texas.
About Austin Resource Recovery
Austin Resource Recovery provides a wide range of services designed to transform waste into resources while keeping our community clean. Services include curbside collection of recycling, trash, yard trimmings and large brush and bulk items; street sweeping; dead animal collection; household hazardous waste disposal and recycling; and outreach and education. Austin Resource Recovery offers free, voluntary, and confidential consulting services to help Austin businesses reduce waste and comply with the City’s recycling ordinances. In December 2011, the Austin City Council approved the Austin Resource Recovery Master Plan, which is the City’s roadmap to Zero Waste. The City of Austin is committed to reducing the amount of waste sent to area landfills by 90 percent by 2040. Learn more at austinrecycles.com.