Water Engine Technologies take the top prize at the Shell Springboard 2016 Regional Finals
11 February 2016
Original Ideas Lab residents, Water Engine Technologies, won a share of a £120,000 prize pot at the 2016 Shell Springboard awards held at ECCI on Tuesday evening.
Water Engine Technologies, which develops run-of-river systems for generating electricity, secured £40,000 from the energy giant’s fund, aimed at finding and supporting “breakthrough” low-carbon enterprises, after seeing off competition from 140 other businesses. The company will now go forward to the UK final of Shell’s competition, to be held in London next month.
Water Engine Technologies director Euan Hogg said:
“The achievement is made even more special due to the high calibre of the other finalists involved. To gain the recognition from such a prestigious programme is a massive boost to the team and a great start to 2016.”
“ECCI has been instrumental in our success and our growth has progressed rapidly ever since we joined the Ideas Lab.”
The Shell Springboard programme offers up to £150,000 to SMEs with innovative, commercially viable business ideas that help reduce carbon emissions. Since 2005, the scheme has awarded £3.2 million to almost 100 entrepreneurs, who have gone on to create more than 250 jobs and have an annual combined turnover of £60m.
Low Carbon Ideas Lab: http://edinburghcentre.org/Ideas-Lab.html
Co-founder of Water Engine Technology (WET), Euan Hogg, explains how the Low Carbon Ideas Lab has supported the development of his company.
ECCI's Low Carbon Ideas Lab is sponsored by: