The Green for Growth Fund launched the new clim@ competition in 2018 to find, showcase and support pioneering businesses and projects in the fields of sustainable energy and resource efficiency. The successful competition received more than 260 entries from 80 countries worldwide that covered an impressive range of creative high-impact solutions to “green” the way we produce and consume.
Finally, at the Sustainable Future Forum on June 27, the five grand finalists pitched their sustainable business ideas before a panel of expert judges and over 250 international investors, financial institutions and climate action leaders.
First place went to Dutch biotech company Inspidere, who was awarded EUR 15,000 to advance their innovative processes for transforming livestock waste into cellulose fibers, paper, and bioplastics. Biomycwon second prize and EUR 10,000 for their novel approach in developing sustainable packaging solutions out of agricultural waste and mushroom mycelium. Nüwiel was awarded EUR 5,000 for their urban electromobility solutions involving innovative bike trailers. In addition, effa and TRC received honorable mention 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.
GGF Chairperson of the Board Christopher Knowles said: “clim@ gave pioneering entrepreneurs and innovative businesses the opportunity to meet potential sponsors and investors 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 sustainable future.”
clim@ was organized by Finance in Motion GmbH on behalf of the GGF Technical Assistance Facility and sponsored by the European Commission and the German Federal Ministry for Economic Cooperation and Development.