New Green Challenge Business Competition Announced

A new €1m (£890,000) international competition has been announced for inventions that successfully combine sustainability, entrepreneurship and creativity.

The Postcode Lottery Green Challenge is a contest that rewards inventions that contribute to an eco-friendly lifestyle, directly reduce greenhouse gas emissions and score highly on convenience, quality and design.

Would-be entrepreneurs aged 18 years or older with a well-thought-out idea are invited to participate in the Green Challenge, which is open worldwide.

The competition aims to elicit promising, creative ideas that will encourage and aid the invention of great new green products and services and combat CO2 emissions and can be put on the market within two years.

There is a total of €1 million in combined prize money available for the five best start-ups:

• €500,000 for the winner to further develop the product or service, and to bring it to market

• €200,000 for the runner-up

• €100,000 each for the three other finalists

The prizes, together with the assistance from leading professionals, will enable the winners to develop their inventions and present them to the world within the next two years.

Applications close on Friday 1 June 2018 and you can apply online now.