Inspidere, Biomyc, and Nüwiel win clim@ competition at the GGF Sustainable Future Forum
Frankfurt am Main, Germany, 28 June 2018 – The clim@ competition has announced three winners in 2018 at the Sustainable Future Forum, initiated by the Green for Growth Fund (GGF). In front of a panel of expert judges and over 250 international investors, financial institutions and climate ac-tion leaders, Inspidere was awarded first place and EUR 15,000 to grow their business that uses an innovative method and technology to transform cow manure into biomaterials for producing clothes and other products. Biomyc was awarded EUR 10,000 for their novel approach in developing sustainable packaging solutions out of agricultural waste and mushroom mycelium, and Nüwiel re-ceived EUR 5,000 for their solution to urban freight mobility issues through their electric bike trailer. In addition, effa and TRC were recognized as honorable mentions for their initiatives in developing a sustainable paper-based disposable toothbrush to reduce plastic waste and the recovery of fiber reinforced composites offering a recycling and waste management solution.
clim@ was launched by the GGF in 2018 to find, showcase and support pioneering businesses and projects in the fields of sustainable energy and resource efficiency that have the power to change current practices and have a strong positive climate impact. clim@ received more than 260 entries from 80 countries worldwide, covering an impressive range of creative high-impact solutions to ‘green’ the way we produce and consume. Fifteen finalists were invited to Frankfurt on 25 June for the clim@ pitching event where an experienced jury selected five grand-finalists that went on to compete for awards at the Sustainable Future Forum.
Diana Wesselius, Member of the Board of Directors of GGF and a member of the final judging pan-el, explained the final vote: “All five finalists presented cutting-edge ideas and strong business models to tackle climate challenges and drive the green transformation, with remarkable entrepre-neurial spirit. In the end, Inspidere convinced us most in all three categories of impact, innovation and business case.”
By creating biomaterials that can be used as an alternative resource in the clothing industry, Inspi-dere’s business model provides a circular economy solution to the challenge of manure disposal, while providing farmers with a new revenue stream from this waste.
Jalila Essaidi, Director of Inspidere, said: “I am very honored and thankful to be part of this big movement organized by the Green for Growth Fund and Finance in Motion. Through the clim@ award we'll get one step closer to implementing a fashionable way to protect the planet.”
GGF Chairman, Christopher Knowles, said: “clim@ gave pioneering entrepreneurs and innovative businesses the opportunity to meet potential sponsors and investors – leveraging the network and reach of the Green for Growth Fund and its partners – while competing for awards that can help them develop and scale-up their ideas. In this way clim@ complements the work of the Green for Growth Fund, by supporting innovations that will play a role in setting us on a path towards a sus-tainable future.”
clim@ was organized by Finance in Motion GmbH on behalf of the GGF Technical Assistance Facility (TAF) and sponsored by the European Commission and the German Federal Ministry for Economic Cooperation and Development (BMZ).
For more information, visit: www.ggf-climat.com
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ABOUT THE GGF
The Green for Growth Fund invests in measures designed to cut energy use and CO2 emissions, as well as promote resource efficiency - in areas such as water, waste and material inputs – in 19 mar-kets across Southeast Europe, the Caucasus, Ukraine, Moldova, the Middle East and North Africa. The fund provides such financing directly to renewable energy projects, corporates and municipali-ties or indirectly via selected financial institutions.
The GGF was initiated as a public-private partnership in December 2009 by Germany’s KfW Devel-opment Bank and the European Investment Bank, with financial support from the European Com-mission, the German Federal Ministry for Economic Cooperation and Development, the European Bank for Reconstruction and Development, and the Austrian development bank OeEB. The fund’s growing investor base comprises donor agencies, international financial institutions and institutional private investors, including the International Finance Corporation, the Dutch development bank FMO, the German ethical bank GLS, and Church of Sweden. The GGF is advised by Finance in Mo-tion GmbH. MACS Management & Consulting Services GmbH acts as the technical advisor.
ABOUT THE GGF TAF
The GGF Technical Assistance Facility (TAF) plays a key role in supporting the Fund’s promotion of energy efficiency, renewable energy and improved resource management by providing targeted technical assistance to financial institutions and project developers in conjunction with GGF fund-ing. The facility operates hand in hand with the GGF, complementing its investments with the fol-lowing activities: capacity building and training for GGF partners; validation and monitoring of ener-gy savings and CO2 emission reductions; strategic advice based on research and analysis; increasing the awareness and acceptance of green solutions in the financial sector and among the public.
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