'Project LOOP Social', a resource recycling startup support program hosted by Lotte Chemical, organized by Impact Square, and sponsored by the Ministry of Environment, has begun recruiting participating companies for its 4th term.
'Project LOOP Social' is one of Lotte Chemical's representative social contribution activities as part of 'Project LOOP', a project to build a plastic resource circulation ecosystem that has been promoted by Lotte Chemical since 2020.
This program aims to discover and support promising startups with innovative technologies and solutions in all processes, from collection, sorting, to raw material processing of waste plastic, and to develop into a platform that contributes to creating business synergy through collaboration and establishing a resource circulation system.
In this 4th round, up to 6 startups with expertise in collection, selection, and raw material processing will be selected. The selected companies will be provided with up to 35 million won in business realization support funds, as well as tangible and intangible growth resources such as networking with Lotte Chemical's business departments, research institute consulting, and product testing opportunities. They will also be provided with the opportunity to participate in the 'Korea ESG Eco-friendly Fair'.
The recruitment period is until June 19th, and you can check the details and apply for participation through the official Project Loop Social website .
A Lotte Chemical official said, “In order to build a resource circulation ecosystem and resolve plastic issues, cooperation with startups is essential,” and, “Through this 4th program, we will discover companies with potential, grow together, and contribute to creating social value.”
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