Starting 1 March, green start-ups from all over the world can sign up for the Postcode Lotteries Green Challenge. The competition has expanded to become one of the largest annual sustainability competitions in the world. There is a total of €1 million in combined prize money for the five best start-ups, of which €500,000 is for the winner. With this international competition, the Postcode Lotteries are helping start-ups from around the world to bring their innovations to market. Business plans can be submitted via www.greenchallenge.info until 1 May 2019.
As part of its mission to contribute to a greener world, the Postcode Lotteries are organising this international competition for the 13th time this year.
Margriet Schreuders, head of charities at the Dutch Postcode Lottery said, “We hope this year’s entries reflect the challenges the world is facing, such as plastic pollution, energy demand, food wastage and urbanisation. For me it is really inspiring to see how the entrepreneurs think in terms of solutions rather than problems. They’re working on solutions for today’s reality.”
About the competition
Green entrepreneurs can enter their business plans until 1 May. At the end of June, the preliminary jury will announce the 25 nominees, and early September, it will announce which five entries have been selected for the finale on 3 October 2019. There, the start-ups will pitch their ideas to an international jury. In the finale, the jury will decide who wins the first prize of €500,000 and which start-up is the runner-up, winning €200,000. The other three finalists also win €100,000. In addition to the prize money, all finalists will receive over six months of expert coaching to optimise their business opportunities.
Last year, the winner was the Dutch start-up The Great Bubble Barrier. The Great Bubble Barrier has developed an air bubble screen for use on riverbeds that catches plastic before it arrives at sea.
Read more about the more about it here!