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Katerva Award winner selected to have an immediate, scalable impact on reducing plastic waste globally

San Diego. May 3, 2014. A new breed of companies are showing how innovation can be scaled for both business opportunities and global good. Led by resolute and independent thinkers, these companies are making dents in conventional ways of thinking to defy and fight for global change.

The Katerva Award identifies these companies as finalists annually in its global competition –– referred to by Reuters as "the Nobel Prize for Sustainability" –– with MBA Polymers, as the winning company this year.

Some 2,500 ideas were submitted to the Katerva Award council last year and MBA Polymers was selected as this year’s winner.

MBA Polymers specializes in recycling durable goods from waste streams such as electronics and auto-shredder residue. Its patented technology can extract and recycle plastic from computers, printers, mobile phones, televisions, fax machines, refrigerators, vacuum cleaners, and other forms of waste.

The company is a World Economic Forum Tech Pioneer, and works with the Plastic Bank to develop initiatives to incentivise people around the world to recycle more plastic and improve the sustainability of the plastics industry.

“Katerva is not just interested in 'good' ideas, the ideas we are after will create big changes in how we live on this planet,” says Terry Waghorn, the founder and executive director of Katerva. “Katerva's approach places emphasis squarely on action for a sustainable future—creating and implementing solutions to sustainability-related concerns,” he says.

Katerva is the first truly open worldwide platform for change.

“To solve the complex sustainability challenges we face as stewards of our planet, will require innovative solutions across a wide range of disciplines and economic sectors. Katerva provides a much needed and novel forum for this to happen, as evidenced by the innovation and entrepreneurship embodied by this year's Finalists for the Katerva Award, “ states Antonio J. Busalacchi, Jr., Director of the Earth System Science Interdisciplinary Center (ESSIC) and Professor in the Department of Atmospheric and Oceanic Science at the University of Maryland, USA.

Finalists for 2011 include:

  • Kiva U
  • Bolsa Verde do Rio de Janeiro
  • Bycatch Reduction
  • Aquion Energy
  • Practical Action’s Zeer Pot Clay Fridge
  • WE CARE Solar
  • Solar Ear International
  • The CityCar (MIT Media Lab)
  • ARCHIVE Global

Katerva, founded in 2010 by business intelligence strategist Terry Waghorn, is a not-for-profit organization that finds, evaluates and accelerates disruptive, sustainable innovations that will show measurable impact on this planet in the next 10 years.

Katerva comes from the Latin word Caterva which means “crowd.” Katerva’s distributed networks of CEOs, heads of state, ministers and policymakers, experts and academics, international organizations, youth, and technology innovators are fundamental to finding and then accelerating technologies for dramatic, positive changes that can be seen in our lifetime.

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