400k up for grabs for low carbon entrepreneurs

05 May 2012

When: 5 - 7pm, Tues May 15 2012

Where: ECCI, 15 South College St

Register here
(and join previous winner Dean Gregory)

Doors open for the sixth edition of the Green Challenge this week and ECCI has teamed up with organisers, the People's Postcode Lottery, to host the first Scotland-based kick-off event. The Postcode Lottery Green Challenge is offering £400,000 funding and expert business support for the best idea and business plan for a product or service that helps reduce CO2 emissions. The social event is an opportunity for budding entrepreneurs to network & find out from previous winner Dean Gregory, The Power Collective, how to be successful in the competition.

Dean said; “The Green Challenge has given us the most incredible boost – both financially and in terms of business advice and contacts. The UK is brimming with incredible green ideas, and this initiative is a truly fantastic way of making them a reality.”

From now until July 31st, sustainable entrepreneurs can enter their business plans for sustainable, creative and innovative products and services on the Green Challenge website: http://www.greenchallenge.info. The best business plan will win 500,000 EUR, and an additional 200,000 EUR is available for one or two other promising plans.

The finalists will present their ideas before an international jury of experts and an audience of invited guests on 17 September at the multimedia conference PICNIC '12 in Amsterdam, The Netherlands. For the first time in the history of the Postcode Lottery Green Challenge, three winners will go on to New York, where the jury will announce the winner of the 500,000 EUR grand prize on September 23rd.

ECCI’s Executive Director Andy Kerr said:
“ECCI is delighted to be supporting the Green Challenge by hosting this event.  We firmly believe that innovation – be that in business, society or in policy and governance – is the key to overcoming the challenges of creating a low carbon future. Scotland has proven itself a leader in producing companies and individuals eager to create innovation new products, solutions and working methods, so we hope this event will help us find the next winning Green Challenge entrepreneur in our own back yard.”

Last year, Nick Christy of Australia won with his Water Recycling Shower. The shower system cuts water and energy use and costs by 70 per cent without compromising on comfort. In 2010, the American Scot Frank won for his low-priced, multi-purpose portable solar collector Solsource. In 2009, Brit Dean Gregory took the prize with The Power Collective's near-invisible rooftop wind turbines. Dean’s company will produce and market the RidgeBlade MicroGeneration system. This low-cost rooftop turbine captures wind power in low-wind conditions. Its visual unobtrusiveness makes it suitable for city housing as well as environmentally sensitive locations like national parks. Its designer is an ex-Rolls Royce turbine engineer. http://www.thepowercollective.com

Hear from high profile figures like President Clinton, Brad Pitt and Sir Richard Branson (2007 Green Challenge juror): http://www.greenchallenge.info

Click here to sign up and join previous winner Dean Gregory (by May 10)