Application deadline: May 31, 2018:
The competition is open again!
The 12th edition of the Postcode Lottery Green Challenge has kicked off. Green start-ups from all over the world can submit their green business plans from 1 March until 1 June 2018.
There is a total of €1 million in combined prize money available for the five best start-ups, of which €500,000 is intended for the winner.
How does the competition work?
People from all over the world could (free of charge) submit their sustainable business plans at www.greenchallenge.info until 1 June 2018. Mid-July, the organization will announce the 25 nominees who will have a chance of becoming a finalist. Five finalists will then be selected Mid-August for the final round of the competition, where they will present their business plan in front of a selected audience and an international panel of experts during the grand final in Amsterdam on 13 September. After the decision round the judges will announce the winner of the €500,000 as well as the runner‐up and the three other finalists who will receive €100,000 each.
As this is an international competition, all entries must be submitted in English. Due to the fact that we receive hundreds of submissions from over 80 countries, we employ strict guidelines. If you have been selected as one of the finalists, you will be invited to come to Amsterdam to present your plan to the international panel of experts. Keep in mind that your presentation should be held in English as well.
Your plan
Should have the potential to reduce greenhouse-gas emissions by an amount you can roughly estimate
Should be developed enough to execute
Should be realizable as a usable product or service within the next two years
Should preferably have integrated Cradle2Cradle principles in the designs
Besides these criteria, the jury will also look at factors such as: communication potential, courageousness and creativity.
You should
Be willing to bring your idea to market yourself, and to commit to working with any organisation necessary for developing the product and/or implementing the service
Be 18 years or older
Agree with all our Terms & Conditions
Fully complete all the questions on the entry form in English
Be willing to attend the Postcode Lottery Green Challenge in Amsterdam if you are selected as a finalist to present your idea to the jury (reasonable travel and lodging expenses for one person per finalist will be reimbursed)
An elevator pitch will go a long way
One of the questions we ask on the entry form is to create an elevator pitch. In an elevator pitch you try to convince a potential investor of your business plan in the time your shared elevator ride would last. If you are a driven social entrepreneur, your goal is to make your dream come true. To make that happen, you will need backup. Financial, but also creative and inspirational backup. Whether you are entering the Postcode Lottery Green Challenge or not, you will have to pitch your business plan thousands of times if you are looking for investors. So here is your chance to work on that pitch. Good luck!
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