Development of a sustainable business model for microplastics monitoring in the environment

After emerging as one of the top 5 finalists in the Acquahacking Lake Winnipeg Challenge 2020, https://www.iisd.org/system/files/2021-01/aquahacking-lake-winnipeg-2020.pdf, the current co-founders of the AbbaTek Group Inc. have been working assiduously to get the company off the ground. AbbaTek is a for-profit social enterprise in the sustainability and clean tech sector that is committed to contribute meaningfully to the achievement of global sustainability and a healthy business environment where technological development, institutional change and social impact live in harmony. Our flagship product, CompoundConnect is a full-suite Software as a Service (SaaS) that helps mircoplastics researchers and research labs/institutes to quickly and accurate identify, characterise and analyze microplastics in various environments, to reduce microplastic pollution and inform policy.
We see opportunity for growth based on market research and customer interviews conducted as part of our engagement in the Memorial Centre for Entrepreneuership (MCE) Entrepreneurial work term (Fall 2021) and the Genesis Evolution Program (Fall 2021). One of the main challenges we have encountered so far is pinning down accurate figures for the microplastics market size and a sustainable business model.

Faculty Supervisor:

Lakshman Galagedara

Student:

Partner:

AbbaTek Group Inc.

Discipline:

Computer science

Sector:

Professional, scientific and technical services

University:

Memorial University of Newfoundland

Program: