myTurn pbc

SRL 9 - integrated into society

myTurn pbc

B2B circular platform with everything organizations need to turn underutilized equipment into value.

Lebanon, New Hampshire, United States

CONDENSED CASE STUDY

IMPACT

ENVIRONMENTAL: Environmental awarenessIncreased resource utilisationPreserving Natural Capital - stocks & flows of energy and materialReduced emissionsReduced waste

ECONOMIC: Alternative revenue streamsIncreased competitivenessIncreased value creationNew marketsReduced spendingStimulating innovation

SOCIAL: Developing Social Capital in partnership with others (ie families, communities, businesses, trade unions, educational, voluntary organisations)Increased access to services/productsIncreased emergency preparedness

MODEL

SCALE: Global

LOCATION CONTEXT: Peri-urban, Rural, Urban

STATUS: Active

FUTURE POTENTIAL: Scaleable, Replicable, Networkable

FACETProduct-as-a-Service, Reuse, Sharing

LEVEL: Meso - Network, Cluster & Eco-Industrial Parks, Micro - Company/Organisation

STAKEHOLDERS: Private Sector, Public Sector, Third Sector

BUSINESS MODEL: B2B - Business to Business, B2C - Business to Consumer, B2G - Business to Government, G2B - Government to Business, G2C - Government to Consumer, G2G - Government to Government, P2P - Peer to Peer

TECHNOLOGY: Cloud

LICENSE: Proprietary

SOCIETAL READINESS LEVEL:

SRL 9 - integrated into society

CYCLE PHASE

CASE STUDY MAPPING SOURCE:

NES-2020

STATUS & TIMELINE

First Use	06/2010	The West Seattle Tool Library launches on the first version of "Local Tools" which will later become myTurn.
Formally Incorporated	11/2013	Founded as a Public Benefit Corporation with social & environmental missions to help increase affordable access to resources, while reducing consumption and waste of those very same things.

DESCRIPTION

TITLE: Powering PaaS models

CONCEPT: B2B circular platform with everything organizations need to turn underutilized equipment into value.

Over a 1000 Organizations—from grassroot nonprofits to multinationals, in over 20 countries around the world to manage over 1 million assets by using myTurn’s full-featured platform to rapidly implement new, more circular, business models that maximize product utilization, reduce waste, or generate revenue by offering product rental, sharing, and subscription services.

Asset Tracking

Take control of your tools, equipment, and other resources at one location, or across multiple locations. Optimize utilization with reports and analytics.

Product Subscription

Offer your products as a subscription or rental service where customers pay a fee to access your products or services, rather than purchasing them.

Rental, Lending & Sharing

Lend internally or generate revenue by renting underutilized assets directly or in a regional myTurn marketplace (coming soon!)

One Complete Platform

Admin dashboards, workflows, and logistics provide a complete platform to ensure you provide what your customers need when they need it.

Generate Revenue

Maximum reuse and reduce waste by optimizing asset usage internally, then offer underutilized assets on a rental or subscription basis with myTurn.

Circular Economy – 10x to 100x Reuse

Maximum reuse and reduce waste by optimizing the use of your own assets, and renting, lending or sharing underutilized assets with myTurn.

LOCAL LANGUAGE DESCRIPTION: English

ORGANISATION / PARTNERS

myTurn.com, pbc