ClimateLaunchpad, powered by Climate-KIC and supported by the European Institute of Innovation and Technology (EIT), an initiative of the European Union, kicks off the fourth edition of its successful green business idea competition worldwide and first time in Bangladesh recently. It is the world’s largest green business idea competition. Mission is to unlock world’s cleantech and green potential that addresses climate change. It creates a stage for those ideas. The contest is set up to help entrepreneurs grow their green ideas into global businesses.
In all participating countries, the teams start with a 2-day Boot Camp and six Coaching Sessions to prepare for their National Finals. The top-3 of all competing countries will battle the Grand Final in Cyprus, in October 2017. The competition is now open for Bangladesh and the deadline for idea submission is June 22. ClimateLaunchpad welcomes innovations in renewable energy, energy efficiency, food and agriculture, water, transportation, industrial technology or any other way to tackle climate change. The judging criteria are impact on climate change, business potential and skills within the team.
Gen Lab, a youth led social enterprise, is the country partner of the competition. NewsfeedPR is the outreach partner of their operations in Bangladesh.
Frans Nauta, founder of ClimateLaunchpad who also serves Haas School of Business, University of California, Berkeley, as a visiting scholar has said, “We have to fix climate change and we have one generation to fix it. All over the world, there are so many great entrepreneurs working on ideas to tackle climate change. ClimateLaunchpad boosts those entrepreneurs to global success through training and giving them an international stage.”
The world’s best ideas win access to Climate-KIC’s renowned Accelerator program, focused on clean tech commercialization. The overall winner of the Grand Final also receives a cash prize of Euro 10,000, the runner-up gets 5,000 and the team that comes in third place wins 2,500. There are also five theme awards participants can win in the categories like Urban Transitions, Sustainable Land Use, Sustainable Production Services and Decision Metrics.
ClimateLaunchpad is the world’s largest business idea competition and part of the Entrepreneurship offerings of Climate-KIC, the EU’s main climate innovation initiative. The competition is supported by over 100 partners from all over Europe. They include companies like Accenture, Benard Schulte Ship management, Deloitte, Ernst & Young, Hellenic Bank, Microsoft, PWC, Sparebank, Volvo and World Wide Fund.
More about ClimateLaunchpad and Climate-KIC
ClimateLaunchpad (www.climatelaunchpad.org) is a programbyClimate-KIC; the EU’smainclimateinnovationinitiative. It is Europe’s largest public-private innovation partnership focused on mitigating and adapting to climate change. Climate-KIC consists of an international network of companies, academic institutions and the public sector. Climate-KIC is one of the Knowledge andInnovationCommunities (KICs) created in 2010 by the European Institute of Innovation and Technology (EIT), the EU body tasked with creating sustainable European growth while dealing with the global challenges of this time.