A new smart garbage bin based on the Internet of Things can automatically identify, classify and compress garbage. It stems from the need for a smart waste classification solution where it is difficult to introduce effective classification systems. Due to a lack of motivation, knowledge, or appropriate infrastructure, people often cannot properly classify waste in public areas. Improve the recycling chain by increasing the amount of recycled resources and reducing the amount of waste that goes to landfills. It transforms waste management into an integrated system to achieve global recycling goals and sustainable development of the circular economy. Compared with similar indoor smart garbage cans on the market, it is undoubtedly the most comprehensive product in terms of configuration and technical application. Thanks to the market competitiveness of its products themselves, it has also won awards in many entrepreneurial competitions and has received capital injections from two investment institutions, InnoEnergy and Altamira. In the future, they plan to raise 3 million euros in financing needs, mainly for product research and development, market expansion and daily expenses. In 2019, the company plans to cover most European countries and the Middle East. It is expected to enter the United States, China, Australia and other markets in 2020. At the same time, smart garbage cans will also enter ordinary outdoor and home users.