Peter Dawe fashioned the 'sleep pod' out of two red wheelie bins, which turn on a hinge to create enough room for someone to lie down in.
The entrepreneur, who picked up 1.9% of the votes when he ran in the General Election in Cambridge last year, says the invention costs just £100.
Mr Dawe, who has dozens of companies and projects listed on his website, believes the invention can have a global impact.“I saw on the telly rough sleepers complaining they had been kicked and pissed upon," he explained.
“Lying on the street in a sleeping bag, you are very vulnerable.”
Mr Dawe came up with the idea after building a prototype for a single person car, also from a bin.
In undertaking R and D for the vehicular-waste disposal unit he got inside a bin and discovered how comfortable it was.
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