RMIT student Geoff Plahn has been awarded a $10,000 Bank of Melbourne grant to help support his tyre recycling and manufacturing business.
Mr Plahn runs Mpira Recycling, a clean-tech tyre recycling and industrial rubber sheet manufacturing business which uses a series of innovative and patented technologies to manufacture premium rubber crumb from waste tyres.
The business delivers a clean and more efficient end-to-end tyre-recycling process that potentially disrupts traditional tyre waste processing methods.
The rubber crumb is further refined into a robust industrial rubber sheet and sold to manufacturers as a high-grade low-cost option to natural or synthetic rubber.
The Bank of Melbourne offered three business grants in 2014 which are aimed at supporting Victorian businesses that are starting out or growing.
Mr Plahn was one of 300 applicants and his business plan was chosen for demonstrating innovation and commercial viability.
“I am honoured to receive this grant which will help Mpira establish its headquarters in Melbourne,” he said.
Mr Plahn is currently completing the MBA (Executive) and was part of a team that won the City of Melbourne Lord Mayor's Award for Sustainable Business at the 2013 RMIT Business Plan Competition.
“The skills I have learnt at RMIT, in particular through the Business Plan Competition, and the entrepreneurship and capstone courses, have been instrumental in helping me build my business,” he said.
“I am extremely grateful to all my past team members for adding structure and rigour to this plan and for the necessary critical feedback received throughout the process.”