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Covestro has picked six teams of employees who will compete for up to $1.1 million in seed funding and a 1-year leave of absence to develop a new business focused on the circular economy. The firm plans to announce the winning team in October at the K 2019 plastics trade show in Düsseldorf, Germany. The Start-up Challenge is intended to promote creativity and an entrepreneurial mindset among the firm’s 17,000 employees, Covestro says. Business ideas include generating power from plastic waste and a CO2-based cleaning agent.
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