Funding Details
- Awarder
- PlugAndPlayTechCenter
- Date Award
- May 15, 2024
- Funding URL
- View Funding Page
Company Info
- Company Description
- The Olyns solution is a highly scalable, advertising funded HW/SW platform designed to collect and sort recycled plastic and aluminum in locations with high pedestrian traffic.
The company’s proprietary recycling machines and mobile app provide compelling gamified incentives for users to recycle their plastic and aluminum containers in the machines. Once deposited, machine learning algorithms sort and crush the material.
When the machines are approaching full, an alert is sent via the app to gig workers who empty the machines and transport the material directly to processors in return for payment.
Digital out-of-home advertising provides revenue and is shared with host locations as an added benefit of hosting the machines. Host locations can be: grocery stores, big box, cinemas, malls, transportation hubs, etc.
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