Ninth Postcode Lottery Green Challenge kicks off
Amsterdam, 11 March 2015 – The ninth Postcode Lottery Green Challenge opens up today to entrepreneurs with business plans that directly reduce greenhouse gas emissions. The winner of the international competition will receive 500,000 euro to develop his or her product or service and bring it to market within 2 years. In addition, the organisation will also award 200,000 euro to one or two runners-up. Entrants can submit their business plans until June 1 via www.greenchallenge.info. The winner will be chosen on September 10 during the final in Amsterdam.
In keeping with the mission to contribute to a greener world, the Dutch Postcode Lottery is organising the Postcode Lottery Green Challenge for the ninth time.
Marieke van Schaik, managing director of the Dutch Postcode Lottery: “The Postcode Lottery Green Challenge provides the most innovative and promising green entrepreneurs with the opportunity to really make a difference with their product or service in helping to combat climate change. The competition is a successful platform for start-ups who want to contribute to a greener world. I am really looking forward to this year’s entries.”
Last year, British entrepreneur Arthur Kay took home the main prize and won 500.000 euro with his company Bio-bean. Bio-bean uses a patented process to upcycle waste coffee grounds into two advanced biofuel products, namely biodiesel and biomass pellets, used for powering buildings and transport systems.
In 2013, American entrepreneur Ginger Dosier won the competition with her company BioMason. Through a revolutionary production process for bricks, BioMason offers a sustainable alternative to the current process, which is heavily polluted and responsible for gigatonnes of CO2-emissions.
Candidates with products or services that are designed to reduce greenhouse gas emissions and can be brought to market within 2 years, stand a chance to win the competition. Entrants can submit their extensive business plan until June 1 via www.greenchallenge.info. On July 15, the organisation will announce the 25 nominees who are in the running towards becoming a finalist. In August, five promising candidates will go through to the final. During the final in Amsterdam on September 10, these five finalists will pitch their business plan to an international panel of judges, the public and the press. The winner of the 500,000 euro prize money will then be announced alongside one or two runners-up who will win 200,000 euro in prize money. These promising green entrepreneurs will also be guided in the process of bringing their product or service to market.