The Green Alley Award, Europe’s only dedicated prize for start-up companies contributing to the circular economy and new outlooks on waste management, has launched its 2016 competition.
The competition, originally established in 2014 by Berlin-based Green Alley Investment and Germany’s leading crowdfunding platform, Seedmatch, first opened to UK companies in 2015.
The competition aims to support innovative new businesses that are contributing to resource preservation, resource recovery, recycling and the emerging circular economy.
“We want to encourage young entrepreneurs across Europe to rethink existing patterns of consumerism and waste habits”, said Jan Patrick Schulz, chief executive of Green Alley Investment.
Over 100 start-ups from 17 countries applied for the 2015 Green Alley Award. Six applicants were shortlisted, with projects covering topics such as electronic waste collection and recycling, the upcycling of solar PV systems and vertical urban greenhouses.
The winner was London-based Adaptavate, a start-up that has developed an innovative approach to replace conventional plasterboard with breathable and recyclable panels made from up to 75 per cent agricultural waste.
“Last year we [saw] some of the diversity and potential that UK start-ups stand for. The British winner, Adaptavate, was proof [of] the UK’s strong start-up ecosystem and its focus on innovation in renewables and resource efficiency. We hope to see even more entrants from the UK this year”, Schulz said.
How to apply
Successful applicants for the 2016 awards will be invited to pitch to industry specialists at an event in Berlin in October 2016.
The final winner will receive a prize package of cash and support services worth up to €30,000 (£23,600).
Eligible projects must involve a product, service or technology that helps to avoid, reduce, reuse, recycle or transform waste; revolutionise the management of resources; or raises awareness of recycling and waste challenges.
Applications must be submitted by 27 July 2016 for consideration. For more information on how to apply, click here.