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Low carbon SME springboard open for entries

The Shell Springboard, a funding award scheme for innovative low carbon SMEs, is open for applications for its 2016 programme, with £350,000 up for grabs.

The Shell Springboard, a funding award scheme for innovative low carbon SMEs, is open for applications for its 2016 programme, with £350,000 up for grabs.

The scheme, which is celebrating its tenth anniversary this year, has awarded approximately £3 million to 86 innovative low carbon and clean energy businesses since launching in 2005.

The no-strings-attached funding is open to small enterprises with innovative, commercially viable business ideas that reduce carbon emissions.

Previous winning innovations have covered waste-to-biofuel conversion, hydrogen power, domestic heat recovery, electricity demand response, logistics planning, hybrid engines and lighting technologies, among others. 

Awards

The 2016 programme will see awards of £40,000 each for six regional winners, with the overall winner benefitting from an extra £110,000. 

Businesses that make it to the regional finals will also benefit from networking opportunities and feedback from an expert panel of judges.

Any UK SME can apply, with entries judged by their carbon emissions reduction potential, commercial viability and the demonstration of innovative elements. 

Market potential

A 2014 report from Shell Springboard and the Carbon Trust predicted significant growth for the UK low carbon and environmental goods and services (LCEGS) sector, suggesting that low carbon SMEs could triple total exports by 2020. 

Applications for the 2016 programme opened on 5 October 2015. For more information, click here.