Time is running out to enter the Postcode Lottery Green Challenge

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The following post is sponsored by the Postcode Lottery Green Challenge.

“People will not stop consuming. Instead, we must offer consumers a green alternative to bring climate change to a halt. The Postcode Lottery Green Challenge is about stimulating the development of these alternatives”. With this statement Sir Richard Branson, supporter of the Postcode Lottery Green Challenge, stresses the importance of developing an environment wherein entrepreneurs are better able to source funding to tackle one of the world’s biggest challenges - climate change.

The eighth edition of this Postcode Lottery Green Challenge is now open for sustainable start-ups from all over the world. The winner of the international competition will receive 500,000 euro (680,000 USD) to develop and bring to market his or her product or service. People from all over the world can submit their sustainable business plan until 3. June at www.greenchallenge.info. The Green Challenge is the largest annual worldwide competition for sustainable entrepreneurs who can instigate change. It is an effort of the Dutch Postcode Lottery to bring smart and innovative green products and services to the mass market and thereby helping to combat climate change. The competition aims to identify a product or a service that will reduce greenhouse gas emissions and is capable of being brought to the market within two years. People from all over the world can submit their sustainable business plan.

Green ideas of U.S. entrepreneurs

Over the past seven years the Green Challenge has helped to advance several valuable, ground-breaking green ideas. The United States have been well represented over the years with multiple winners and finalists. U.S. entrepreneur Ginger Dosier won the challenge in 2013. Her company, bioMASON, entered the competition with a business case based on a new revolutionary brick production process, offering a clean alternative to the existing process which generates massive emissions worldwide. (Seen on TreeHugger here) Molly Morse won the 2012 grand prize for Mango Materials, a company that uses bacteria to turn methane into biodegradable plastic. In 2010 Scot Frank won for his low-priced, multi-purpose portable solar collector Solsource. In 2008, Eben Bayer of New York won the grand prize for developing a plastics alternative from agricultural waste and the roots of mushrooms. (Seen on TreeHugger here) Using this material, his company, Ecovative, produces packaging and building materials for companies such as SteelCase and Dell.

A simple idea that pays

This year U.S. and global finalists can submit their business plans as well, ranging from renewable energy innovations to breakthroughs in sustainable materials. Entrants can register and submit their business plans at www.greenchallenge.info until 3 June 2014 at 5:59 a.m. ET (11:59 CEST). The winner will receive 500,000 euro (680,000 USD) to help bring his or her plan to the market. An additional 200,000 euro (272,000 USD) will go to one or two runners-up. The entries are judged through an intensive deliberation process by a renowned group of global jurors. The jury looks for products and services that contribute to an eco-friendly lifestyle, directly reduce greenhouse gas emissions and score highly on convenience, quality and design. The jury will select five to seven finalists in August. On 11 September they will present their plans before the jury, public and the press at an event in Amsterdam.

In August 2014, the winners will be announced on the www.greenchallenge.info, Twitter and Facebook. If you want to be one them, register now (free of costs) and submit your business plan at www.greenchallenge.info

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