ABOUT
Greenbean Recycle is a software technology company that aims to increase recycling by incorporating real time analytics, social media, and gaming into its groundbreaking reverse vending machine and web app process.
Within seconds of inputting your glass bottles, plastic bottles and aluminum cans into the Greenbean machine, you get a real time feedback on the numbers of Kwh of energy that you have saved, have a record of the number of containers you have prevented from entering the landfills and get your refund straight into you PayPal account, Student ID cash or as a donation to a charity.
Greenbean's Beta version of its unique reverse vending machine and web app process has been on MIT's campus since the beginning of August. Tufts students will be able to compete against MIT in real time with a Greenbean machine set to arrive on their campus by the end of 2011.
The success of the Greenbean Beta machine has sparked the interest of students and sustainability officers from colleges nationwide. Existing sustainability funds make it easy for Greenbean to be the preferred recycling solution for engaging students in the green movement. Although initially targeting colleges and universities, the Greenbean team plans to expand to stadiums, airports, condominiums and any place with a high traffic of recyclable materials.
As a young local start up, the team was assembled in 2010 and has since won a number of competitions such as the Cleantech category of the Xpo lightening - presentations of the Xconomy's annual XSITE conference, two time winners of the Ultra Light Startups Pitching contest, and a finalist in MassChallenge.
Most recently the company was the winner of the Technology track in the WPI Venture Forum.
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