Startup Europe Awards


Cyclefi is the Greek winner of the Smart Cities category

Cyclefi is the Greek national winner of the Smart Cities category of the StartUp Europe Awards. The startup offers an innovative waste-tracking technology which is accompanied by a rewarding mechanism that connects recycling performance with discounts for online deals. It aims to transform a previously disposable product (garbage bags for recycling) into discounts, resulting in the protection of the environment while at the same time increasing the purchase power of the users.

Over 50% of the world’s population now lives in cities, and the figure is set to rise up to 75% by 2050. Namely, in the majority of the Balkan cities waste management presents numerous inefficiencies and an extremely low recycling performance (of about 6%). In fact, more that 80% of the waste is landfilled, even though that half of that waste could be recycled.

Cyclefi tries to tackle this problem by introducing the first rewarding program for refusal bags. These bags are accompanied by a code that after being inserted offers unique discounts in supermarkets, electricity bills among many other. The estimate cost saving of the consumer per package of recycling refusal bags it is estimated to exceed 5$.


Aravato, Irish winner for Smart Cities category

Country: Ireland

Category: Smart City

Name: Aravato

Proyect aim: The right data-driven software is essential for proper waste management.

What Aravato does?

We have developed a practical method to deliver lean circular economy projects while maximising ROI (Return of Investment). The old ways of filling Excel sheets with “flat” information no longer works: what is required is a software system that delivers important data first to one place right away and allows a company to act on it immediately.

Aravato is all about managing waste immediately from creation to post-production. Waste is tackled where and when it happens, reducing the company´s space footprint. Aravato is a ground-breaking SaaS software platform engaging cutting edge technologies including Artificial Intelligence, Big Data, Predictive Analytics and Blockchain to support and deliver value to each link in one collaborative economy chain.

How can your technology help other companies?

We work with companies that are involved in climate action, resource efficiency and raw materials has demonstrated time and again how the circular economy models does not just save such companies time and money, it actually pushes up profits.

Avarato´s comprehensive software platform links expert’s knowledge with opportunities, by delivering a new scientific waste classification model and tools to deliver it. Our team has identified significant solutions to the technical challenges limiting the potential, ease of use and market opportunity to divert waste from traditional recycling into Circular Economy.


“Being shortlisted is a great acknowledgement to our efforts developing innovative start-ps. Introducing innovative solutions to the market is always a challenge, competitions like this help start-ups gain exposure and credibility helping to move things forward”. Marcin Kulik, Aravato´s CEO.