Type of Funding
The Postcode Lottery Green Challenge 2018, 1 of the world’s largest competitions in the field of sustainable entrepreneurship, is inviting innovative start-ups from around the world that combat climate change, to submit their business plans to this annual competition. The Postcode Lottery Green Challenge is an annual international competition that rewards products, services or technologies that successfully combine sustainability, entrepreneurship and creativity. The Challenge is looking for business plans that contribute to an eco-friendly lifestyle, directly reduce greenhouse gas emissions and score highly on convenience, quality and design.
Five finalists will be selected for the final round of the competition, which will take place on 13 September 2018 in Amsterdam, The Netherlands, where they will present their business plan in front of a selected audience and an international panel of experts.
The winner will receive €500,000 to further develop the product or service, and to bring his or her plan to market. The runner-up will receive €200,000 and the 3 other finalists receive €100,000 each. Reasonable travel and lodging expenses incurred by 1 person, for each of the 5 finalists selected to attend the Postcode Lottery Green Challenge in Amsterdam on 13 September 2018, will be reimbursed.
After the competition, all 5 finalists will be offered an intensive 10-day accelerator programme to optimise their businesses.
Entrants can be individuals above the age of 18 or companies, businesses, institutions and all other organisations, anywhere in the world. Proponents of green sustainable start-ups have to be willing to bring their ideas to market themselves, and to commit to working with any organisation necessary for developing the product and/or implementing the service. The business plan should have the potential of reducing greenhouse-gas emissions by an estimable amount, should be sufficiently developed such that it can be executed, and should be realizable as a usable product or service within the next 2 years. It should also preferably have integrated Cradle2Cradle principles in the design.
Entries will also be judged on communication potential, courage and creativity.
Applications are to be done online by 1 June 2018.