Prathma Verma

Diploma Project Reimagining Circular Economy – Business Innovation Framework for India
Bhavin Kothari

Self Sponsored

With population expecting to reach the figure of 1.6 billion in India by 2050, the only potential solution to using our existing resources wisely in all building models is a circular economy. This project explores equipping businesses in India with an exploratory tool to identify the business opportunities in closing the loop at each stage in the industrial system, therefore transforming the present linear growth model to a cyclical system that couples economic growth and ecology, thus accelerating the growth towards circular economy.For businesses to envision breakthrough innovation the final design proposed a Circular Economy Innovation Framework that describes five stages of how an organisation can function – Conceive, create, Circulate, Loop and Regenerate.