The world’s largest green business ideas competition returns for the 7th year

The world’s largest green business ideas competition returns for the 7th year

ClimateLaunchpad, the world’s leading green business ideas competition, is seeking for new talents in green technology and innovation.

Anyone who dreams of starting their own business and wants to develop and grow their green idea into viable and global business, will have the opportunity to submit their idea by the 6thth of April 2020, by visiting https://climatelaunchpad.org/application-form/

The competition is set up to help aspiring entrepreneurs grow their green ideas into global businesses, and welcomes innovations in renewable energy, energy efficiency, food and agriculture, water, transportation, industrial technology or any other way to tackle climate change.

ClimateLaunchpad is a program by EIT Climate-KIC; the EU’s main climate innovation initiative, aiming to highlight the best cleantech ideas across the globe. It was founded in 2014, with only 11 countries participating. The 2020 edition will run in more than 55 countries across the globe.

Chrysalis LEAP is a partner of EIT Climate-KIC, one of the three EIT Climate-KIC Cyprus Hub partners and the official organiser of EIT ClimateLaunchpad for Cyprus.

The selected participants will start off their rigorous training with a 2-day Boot Camp, on the 27th & 28th of April, followed by 6 intensive coaching sessions to prepare for their National Finals, that will be organised in July in Cyprus. The participating teams will present their business idea before a renowned Jury, which will select the best 2 teams to represent Cyprus at the Global Grand Final that will be held in September 2020. A third team may be eligible to advance to the Global Grand Final via a wild card. The world’s top-16 best ideas win access to the Climate-KIC’s Accelerator, a ‘real life business school’ that focuses on the development and commercialization of cleantech startups, as well as access to further funding.

The first winner of the Grand Final also receives a cash prize of €10,000, the runner up gets €5,000 and the team that comes in third place wins €2,500. Start-ups will also have the opportunity to pitch for awards in the Climate-KIC thematic categories such as Start-ups will also have the opportunity to pitch for awards in the Climate-KIC thematic categories such as Urban Transitions, Sustainable Land Use, Sustainable Production Systems and Decision Metrics and Finance.

PwC Cyprus continue as Chrysalis LEAP’s Strategic Partner for the sixth consecutive year. PwC CEO, Mr Evgenios C. Evgeniou, repeated the organisation's commitment to foster entrepreneurship and innovation, stating, "For the sixth consecutive year, we support Chrysalis Leap and the ClimateLaunchpad competition which gives start-ups the opportunity to develop their ideas into sustainable businesses. We wish both the organisers and the participating teams every success. All of us at PwC are here to support them during this exciting and challenging new journey".

Gold Sponsor for the fifth consecutive year is Bernhard Schulte Shipmanagement (BSM). Mrs Elena Pantazidou, BSM Director Human Resources Shore, commented that “Creative ideas greatly benefit from the ClimateLaunchpad journey. Beyond the conception of a disruptive solution, start-ups are exposed to essential business modelling, expert coaching, and most importantly the energy of collective ingenuity. Through this initiative, BSM is searching for innovative solutions that can spark systemic change in the maritime industry to tackle the devastating effects of climate change and pollution.”