Shell launches £350,000 Springboard programme for low-carbon start-ups
Your chance to win £150,000 funding, as well as mentoring and access to exclusive events, exhibits and workshops...
Shell has today announced the opening of applications for its 2016 Shell Springboard competition, a £350,000 funding programme to support UK businesses with innovative solutions to carbon emissions.
As well as the £150,000 prize which will be awarded to one national winner, a further five regional winners will each secure £40,000 in equity-free funding alongside mentoring from academics, investors and experts to help grow their businesses.
Shell Springboard has awarded more than £3.5m in funding to 92 companies since launching in 2005. It claims that more than 80% of its participating firms remain in operation five years after starting up.
Startups 100-featured bio-bean, the company that turns waste coffee into advanced biofuels, was named as a national finalist in 2014 other winners include clean energy firm C-Capture and Deciwatt’s GravityLight; which uses gravity to generate light.
Professor Chris Rayner, founder of C-Capture, commented: “Winning Shell Springboard provided a huge morale boost to the C-Capture team. The award helped enhance our profile and credibility as we move through to full commercialisation of our technology.”
Apply for Shell Springboard here. The deadline for entries is Friday 28 October.