Closed Loop Partners, a New York-based investment firm focused on funding companies and technologies with a positive social and environmental impact, has announced the winners of its Beyond the Bag Challenge. In all, they selected nine projects that run the gamut from material innovations and technological enablers to reuse and refill programs.
The winners will now work closely with the Consortium to Reinvent the Retail Bag, led by Closed Loop Partners. This will also include founding members from CVS, Target, and Walmart, as well as innovation partner IDEO, environmental buddies Conversation International and Ocean Conservancy, among others representing the retail sector. The winners will share a portion of the $1 million prize pool, along with continued support from the consortium.
