Unilever Bangladesh Limited (UBL), in collaboration with the UK Government, EY, the SAJIDA Foundation, and the British Asian Trust, has launched the TRANSFORM Climate Challenge, an impact accelerator aimed at promoting climate resilience and plastic circularity through innovative businesses in Bangladesh.
Under the TRANSFORM Climate Challenge, innovative businesses can access over BDT 5.5 crore in grant capital, business mentoring, and the opportunity to test innovations in corporate value chains. The Challenge is open for applications from Bangladeshi enterprises working on the collection and processing of plastic waste and enhancing recycling capabilities for plastic waste.
The UK Government will provide successful applicants with grant funding of up to BDT 9,000,000 per enterprise to test and scale their projects. This program will be informed by research led by EY on mapping the regenerative plastic value chain in India and Bangladesh, highlighting the need for innovative solutions to manage plastic waste across the value chain.
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The TRANSFORM Climate Challenge aims to empower social innovators working in the areas of regenerative agriculture, water, sanitation, and hygiene, and plastic circularity to make a positive impact in tackling major environmental challenges.
The initiative launch event was attended by the British High Commissioner to Bangladesh, H.E. Sarah Cooke, and Zaved Akhtar, Chairman and Managing Director of UBL, among others.
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The program opens for applications on November 1, 2023, and aims to support entrepreneurial efforts in Bangladesh to drive positive environmental change and sustainability through innovative solutions.
