Piloting of the Circulate Electronics marketplace for used IT equipment began in May
The Circular Economy Digital Marketplace project (CEDIM) at Haaga-Helia University of Applied Sciences has finally reached a pilot phase to test the digital Circulate Electronics marketplace for used IT equipment for companies. The pilot phase will continue until the end of September.
Haaga-Helia University of Applied Sciences' ambitious Circular Economy Digital Marketplace (CEDIM) project has finally entered a pilot phase to test the Circulate Electronics digital marketplace for used IT equipment for businesses.
The pilot marketplace will be implemented by the Finnish company Fiare Solutions Oy, which has years of experience in developing digital market platforms.
The pilot phase will continue until the end of September.
The Circulate Electronics marketplace is intended for giving a new life to used IT equipment by transferring them from one company to another.
Disposing of obsolete IT equipment has been made as easy as possible. All companies have to do is submit a notice about their IT equipment to the marketplace.
— We have tried to make the use of the platform as easy and simple as possible so that the threshold for recycling old equipment would be low. As we all know, the circular economy should be in the interests of us all, says the project's manager Sami Nykter.
In a nutshell, the marketplace handles transactions on behalf of the companies by passing on information about the equipment that has become obsolete to the IT service companies operating on the platform.
After that, the IT service companies send an offer to the provider about the equipment they are offering. The IT service companies also take care of formatting the equipment, maintaining them, and reinstalling the operating systems.
Finally, the IT service companies will resell the equipment to third parties, to whom they also provide an appropriate warranty related to their own service concept.
The future is being built with a circular economy
The circular economy marketplace, piloted by Haaga-Helia University of Applied Sciences and Fiare Solutions, has emerged from need. In the future, the circular economy and closed-loop supply chains will play an important role in the most sustainable production chains.
At the same time, it's also a significant business opportunity.
Finland is committed to developing the circular economy and its ambitious goal is to become a leading country in the digital circular economy. The European Union has also identified the circular economy as one of the key measures to achieve climate neutrality by 2050.
According to the Finnish Government, the country is lagging in terms of harnessing the circular economy in its business world. The share of recycled materials in production in Finland was only 7 percent in 2018, compared to the EU average of about 11 percent.
In a closed-loop supply chain, a company creates added value by collecting and/or repurchasing products at the end of use and utilizing them in the next cycle. The difference between a traditional production chain and a closed-loop supply chain is its durability.
In a traditional production chain, a product is processed from raw material, which will become waste at the end of its life cycle.
By today's standards, it is very inefficient and completely unsustainable in terms of the environment and climate change.
More information on this topic
More information on The Circular Economy Digital Marketplace project can be obtained by contacting Sami Nykter, Project Manager at Haaga-Helia University of Applied Sciences, or by visiting the project's website at:
Companies can participate in the piloting of the Circular Electronics Marketplace by contacting us via the form on the website at:
However, before contacting us, please note that the marketplace does not accept or forward electronic waste. The equipment you are providing must be working so that the new owners are able to use them.