Best Ideas 2018 features all the nominated entries submitted to the Youth Citizen Entrepreneurship Competition under ‘Submit your Idea’ category. All the entries consist of innovative solution or proposition for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage. If you want to know the 10 finalists in this category, click HERE
Smart E-waste Handler - Gizmo Bin
Explain your idea in details:
Every day, the number of dead electronic devices accumulating around the world is increasing exponentially. The number has reached to 49.8 million metric tons in 2018 worldwide and is estimated to rise by 3 - 5 % every year. But unfortunately, due to lack of proper e-waste collection system, we are still discarding the electronic wastes along with the regular wastes. This is not only posing numerous hazardous risks to the environment and human health but also significantly challenging the sustainability of the world. Lack of intelligent e-waste collection gives rise to the following challenges: Only 14 % of the e-waste produced worldwide is recycled at present. No large-scale recycling process or intelligent reuse technique has been adopted till date by the authorities. Number of registered e-waste collection centers available in USA are falling each year due to lack of control and to a large extent, public awareness. Random incineration of e-waste generates toxic fumes pollutes the air. Dumping the e-wastes in the landfill along with organic wastes contaminates the ground water. The toxic ingredients like lead, cadmium, mercury, PVC and others causes numerous health hazards Illegal dumping in other developing nations. Introducing a brand-new concept Gizmo Bin. It aims to - 1) Effectively collect and manage the e-wastes in the cities 2) Perform and promote recycling by collaborating with recycling facilities 3) Encourage the citizens to drop their discarded electronics in this bin and earn reward credit points,referred to as Good-Samaritan-Points (GSP). 4) Use renewable sources of energy like solar panels to operate the bins. Gizmo Bin will be a one stop central repository for all electronic wastes and provide service in collaborating with different recycling facilities (that are running out of business due to lack of infrastructure and policies) and promote recycling and reuse of electronic items as well as generate data for analytics.
Expected impact of your idea on sustainable development
Green Sustainable impact: Renewable energy like solar cells facilitate the bin to operate and for functioning of internal circuitry. The energy generated during the day will be stored in the batteries.Proper disposal of e-wastes leads to significant reduction of toxic air fumes, generated by e-wastes burning. Water pollution due to dumping of e-wastes in landfill, causing ground water contamination, will get reduced in parallel. Increase in recycling and re usability mechanism, leading the path towards sustainable future. Electricity: The excess energy generated from the bin will be used to light up the streets. This would decrease the electricity consumption considerably. Electronic Eco-system: The electrical world along with the next generation vehicles are moving towards being battery powered. The raw materials for batteries are precious and scarcely found. Hence, re usability through proper recycling chain can benefit the battery industry. 75% of the worn out or used batteries can be restored from the gizmo-bin and can be re-utilized to develop an electronic eco system. Database: The data generated (amount of e-waste, products, lifespan, sales) from the bin will be stored in a cloud platform and will act as a data source for marketing and sales analysis in various organizations.Also predictive analysis done with the data generated to be used by the R&D for waste management. Revenue can be earned by selling the data generated from the bins to various electronics and electrical companies for marketing or statistical analysis.The side walls of Gizmo Bin can be used to display advertisements. People impact:Awareness created and around 30 new jobs will be created in the city around its functioning. Emergency support button that would direct to 911 service (ambulance, police, fire brigade) and Surveillance camera will be installed in the bin for additional safety of citizens.
Plans for implementation and sustainability
The bins will be initially installed in a city, say Chicago, USA.We will install a total of 250 Gizmo Bins in all the major bus stops so that it is easier for people to locate, then it will be introduced across the country in the future. We will initially connect with existing warehouses and recycling facilities and later expand. Gizmo Bin can be integrated with the Electric charge point for electric vehicles which is the need of any smart city and growing day by day.There will be a mobile app -"Gizmo Bin App" that will be used to list the discarded items and generate a bar code. The users have to bring this bar code near the bin, scan it and then drop the items.Good-Samaritan-Points (GSP) can be redeemed after 30 days from the day of disposal and can also be accumulated for a year. With the GSP, users can buy food, grocery and Eco-friendly items from selected local merchandise stores. Users with maximum earn points in a year will be honored by the local government. The initial financing can be done by the state government in collaboration with private organisations and vendors to install parts and function the bin.At the later point there can be different venture capital companies investing on its parts and segments. A budget of around 3 million USD is needed for a financial year to install 250 bins in the city of Chicago. The revenue stream is mainly from the statistical data generation and advertisements and the savings from the recycling and re usability. We would need at least 2 years of successful operation of the bins to get a return on investment. For the detailed business model structure and financial analysis refer to the video presentation.
I am Paulami Ray and currently pursuing Masters in Information Management with a specialization in Data Science and Analytics from University of Illinois at Urbana Champaign. I have previously worked as a Technical Consultant for 7 years in Tata Consultancy Services in India. Additionally I hold an undergraduate degree in Computer Science and Engineering. Innovation for me is a continuous transformation that addresses big problems and complex challenges by offering tactical solutions.To embrace innovation any organisation needs to have an experimental mindset,collaborative nature and ingenious passionate individuals. Throughout my work life I have hold onto this belief and it has motivated me to take part in competitions like this where we can express our creative thinking towards a sustainable world utilizing the latest technologies.