|2 March 2017|

Worldwide

Pioneering start-ups striving to combat climate change are being asked to pitch their ideas for a chance to win €500,000.

The Postcode Lottery Green Challenge is a global search to find innovative start-ups who can lead the fight in tackling climate change. Green start-ups have until the first of June to submit their business plan here.

In 2016 an electricity generating window picked up the half a million euros. Holland’s Willem Kesteloo, co-founder of PHYSEE – the start-up behind the idea – collected the prize 12 months ago.

He said: “In addition to the huge injection of capital from the competition, the associated exposure and network we have gained are many times more valuable.”

Talking about this year’s competition, Marieke van Schaik, Managing Director of the Postcode Lottery, continued: “As part of our mission to contribute to a green world, this year we are organising this international competition for the 11th time. We are being confronted with the consequences of climate change around the world. At the same time, we are seeing many excellent initiatives to address climate change. With the Postcode Lottery Green Challenge, we want to ensure that green start-ups can further develop their pioneering, sustainable solutions and bring them to market.”

An initial ‘longlist’ of 25 start-ups will be published by a preliminary jury in July before that is whittled down to the final five candidates a month later. The five will then pitch their plan to a panel at the finals in Amsterdam on 14 September. The winner of the €500,000 first prize and €200,000 runner up spot will be announced on the night.