Shell Springboard has opened applications from innovative UK businesses with low carbon and low-emission solutions, with prizes for national and regional winners.
The Shell Springboard initiative is looking for applications from UK business that have solutions for low carbon or low-emission business models.
There will be one national winner that will receive £150,000, along with another five regional winners which will win £40,000. All winners will also receive advice from leading academics, investors and policymakers to help scale up their enterprises.
As well as funding, winners will also get access to exclusive Shell exhibits, events and workshops to help speed up their business development journey. In the past, winners participated in a Financial Times dinner, hosted by Shell and Make the Future London at Queen Elizabeth Olympic Park.
The programme was launched in 2005 and has so far awarded more than £3.5m to 92 enterprises who have come up with low carbon ideas and initiatives. Of those companies to have won funding almost 80% of supported companies in operation five years after starting up, compared to the national average of 45%.
Shell UK chair, Sinead Lynch, commented: “The UK has tremendous potential to lead low carbon innovation. In fact, our research with Imperial College London shows that UK universities are some of the strongest globally in spinning out low carbon start-ups.”
The last three low carbon UK businesses to be supported by the Shell Springboard include:
Professor Chris Rayner, dounder of C-Capture, commented: “Winning Shell Springboard provided a huge morale boost to the C-Capture team. The award helped enhance our profile and credibility as we move through to full commercialisation of our technology.”
Applications are open until Friday, October 28, 2016, and the winners are due to be announced in Spring 2017.