Neiox Eco Cycle
Overview
Neiox Eco Cycle is a pioneering climate tech company focused on sustainable technology solutions that address the environmental impact of industrial waste and pollutants. The company was incorporated on August 29, 2024, and is based in Kozhikode, Kerala, India. Neiox Eco Cycle was founded by Akhil Raj Pottekkat, a seasoned entrepreneur with experience in environmental sustainability. The start-up operates under the Technology Business Incubator at the National Institute of Technology Calicut.
Recent Developments
- November 2024: Neiox Eco Cycle secured a grant of ₹30 lakh from Cochin Shipyard Limited under the USHUS Maritime Startup Funding programme. This funding is aimed at accelerating the company’s mission to develop solutions that recover and convert industrial pollutants and waste into valuable resources. The company’s efforts align closely with the United Nations Sustainable Development Goals (SDGs).
- March 2024: Neiox Eco Cycle founder Akhil Raj Pottekkat spoke at the National Institute of Technology Calicut for National Startup Day, discussing the company’s innovative approach to industrial pollutants.
- August 2024: The company was officially incorporated, signalling the commencement of its operations in sustainable materials and environmental engineering.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | August 29, 2024 |
| Headquarters | Kozhikode, Kerala, India |
| Founders | Akhil Raj Pottekkat |
| Revenue | Data not available (company is newly incorporated) |
| Profits | Data not available (company is newly incorporated) |
| Key Investors | Cochin Shipyard Limited (via funding grant) |
| Industry | Climate Technology Product Manufacturing |
| Number of Employees | Approximately 2-10 employees |
Early History
The inception of Neiox Eco Cycle was driven by Akhil Raj Pottekkat's commitment to combating climate change. Having witnessed the environmental repercussions of industrial waste during his tenure in pigment manufacturing, Pottekkat embarked on a four-year journey to develop solutions for transforming industrial pollutants into resources. His efforts culminated in the establishment of Neiox Eco Cycle, which now benefits from incubation support at the National Institute of Technology Calicut. The co-founders include experts from sustainable materials and environmental engineering fields, enhancing the company's capability in offering innovative environmental solutions.
Company Profile and Achievements
Neiox Eco Cycle focuses on developing solutions that allow for the conversion of industrial pollutants into valuable resources. This aligns not only with business interests but also global environmental sustainability goals. The company uses state-of-the-art technology to engineer solutions contributing to a circular economy, emphasizing up-cycling technologies.
- Innovative Solutions: The company’s technology targets the recovery of resources from industrial waste, aiding in the reduction of harmful environmental pollutants.
- Awards and Recognition: Recently secured a significant funding grant from Cochin Shipyard Limited.
- Growth Strategy: Neiox plans to expand its innovative solutions set, continuing its focus on sustainability and aligning with international environmental objectives.
Current Operations and Market Position
Neiox Eco Cycle is currently in its nascent operational stage, focusing on establishing a strong footing in the climate tech industry. Its strategic operations revolve around addressing industrial waste issues by converting waste to wealth, especially in marine applications. Neiox’s competitive advantage lies in its pioneering technologies, alignment with sustainable goals, and strategic incubation at NIT Calicut. The company expects to grow its market position by expanding its technological capabilities and establishing strategic partnerships.
Neiox Eco Cycle Company Reviews
While it is too early to have substantial customer reviews due to its recent inception, Neiox Eco Cycle has received positive attention in media for its innovative approach to sustainability and industrial waste management.
Neiox Eco Cycle Company India
Based in Kozhikode, Kerala, India, Neiox Eco Cycle is well-positioned to leverage India's growing focus on sustainable development and climate change mitigation. The company’s emphasis on sustainable technologies aims to contribute significantly to India’s environmental and industrial sectors by introducing eco-friendly, innovative solutions.
Conclusion
Neiox Eco Cycle represents a significant advancement in climate technology, particularly in its approach to converting industrial waste into valuable resources. As a newly incorporated entity, it has already made notable strides in the climate tech domain by securing funding and partnering with reputable institutions in India. This positions the company well for future growth and impact within and beyond India’s borders, aligning with both local and international sustainability goals.