Don't expect those who produce most of it, the manufacturers - especially the packaging industry - to finance it. The research would have to come from taxpayer money and what government will put up taxes to pay for rubbish recycling? If private enterprise are to do it then they'd be looking at, 'Is it cheaper to make new stuff, or recycle and then make new stuff?" Until the costs of raw material in the manufacture of new products outweighs recycling already used material, it probably won't happen in a big way.
Way back in the late 1950 the American writer, Vance Packard wrote a book called 'The Waste Makers.' He predicted massive garbage dumps and all manner of probelms SIXTY years ago. No one listened. People thought it smart to, for example, dispense with reusable bottles and go to cartons to contain liquids such as milk and soft drinks. Cheaper to make than to sterilize and re-use bottles, I guess.
I recall when plastic bags were a very new phenomenon. That was around the mid 1970s. Within a decade they were causing untold problems all around the world, yet we still use them.
Is there a way out? Draconian legislation which heavily fines manufacturers who don't manufacture recyclable products and materials would be one side of the coin. The other, a massive educational program to encourage people think seriously about this world we live in and how, with our present habits, we're wrecking it.