Fergus Moore, Rebecca Richardson and Scott Kennedy
Founders , Revive Eco
Mon, 11 January 2016
Fergus Moore, Rebecca Richardson and Scott Kennedy are graduates from the University of Strathclyde with degrees in Business Enterprise. They are the Founders of Revive Eco; a business reducing coffee shop waste by recycling used coffee grounds into an all-natural plant food.
How Revive Eco got started
The trio first experimented with their idea during a 2nd year entrepreneurship class after being tasked to create a socially viable business concept. All three had experience in cafes so were aware of the serious waste issue in the UK and around the world. The more they looked into it, the more they realised how many opportunities they were for coffee to be used as a natural solution. They then narrowed their focus down to coffee shop waste. The trio had always known that they wanted to start a business of their own so created Revive Eco to progress their idea further. The University of Strathclyde’s Entrepreneurial Network (SEN) provided support and free office space.
In April 2014, the team travelled to Texas to represent the University of Strathclyde in the Neeley School of Business Values and Ventures competition. They were selected to receive the Founders Award which included a $2500 prize.
What happened next
The team entered the Young Innovators Challenge 2014 which is run by SIE on behalf of the Scottish Government. They were selected as winners and awarded £2,500 each. The team then attended a number of Young Innovator Challenge workshops designed to help to develop their idea and worked with a dedicated SIE Business Advisor. As their business idea progressed, they received further support from The Scottish Institute for Enterprise (SIE), The Hunter Centre, Princes Trust and Business Gateway. In their final year of study, they realised that the idea could become a full time business venture and on graduating, they chose to continue to work together on Revive instead of seeking graduate employment
The team also received small grant funding from Santander and Strathclyders into Business (SIB); a fund providing essential start-up support to early stage student and alumni businesses.
Next steps for Revive Eco
Revive are currently using office space provided for free by Youth Enterprise Zone. A number of independent coffee chains and hotel chains have signed up for Revive’s coffee collection service. There are also lots of interested parties who would like to stock the plant food product. Going forward, they plan to raise more funding to enable them to increase their production capabilities. Their long term goal is to build a strong brand and ensure that they keep the same social mission and objectives that they started with, at the core of what they do.
The Revive Eco team continue to engage with SIE, receiving business advisory support as well as being part of the SIE Entrepreneurs Group which offers a series of relevant masterclasses, speaker events and networking opportunities for those who are most committed to developing their businesses.