Norwegian entrepreneurs with a new startup or business idea that impacts climate change in a positive way are invited to enter an EU-backed competition.
EIT (European Institute of Innovation & Technology), an independent body of the EU set up to spur innovation and entrepreneurship across Europe created Climate-KIC (Knowledge and Innovation Community), with a mission to spark and deliver innovative solutions to climate change.
The Climate Launchpad is a Europe-wide competition to uncover and develop business ideas focusing on sustainability and solutions to climate change. The overall prize is €10,000 and the 8 best ideas win a place at the Climate-KIC Accelerator, the real-life business school for promising cleantech entrepreneurs. The accelerator program runs for 18 months and up to €95,000 in funding is available.
Project coordinator Lars Gjølme explains how it will work in Norway:
"The 12 selected startups and entrepreneurs will be invited to a business bootcamp here in Trondheim during May, where we will coach them in how to do market research, develop a business plan and present your company. We then offer six follow-up sessions with a coach before the Norwegian final."
"At the Norwegian final on the 12th of June, three of the 12 participants will be selected to represent Norway in the European final in September."
To be eligible for the competition, you must have an existing startup less than one year old or an idea you are planning to develop into a startup. The key element is the idea must be related to sustainability and climate change, whether that be people or technology.
The criteria are:
"Don’t worry if you don’t have a business plan yet. Even if your idea is still at the back of a napkin and you don’t have full answers to all of the questions in the form, you are welcome to join."
For more details and information on how to apply, check out Climate Launchpad, but be quick, the application deadline is Wednesday, 29 April.
Photo credit: Argonne National Laboratory