Published 7 years ago.
About a 4 minute read.
Six European startups have been selected as finalists for the third Green Alley Award, a prize that rewards business models and products that can improve resource conservation. Waste-reducing apps, a food packaging system, and a CO2-absorbing urban “tree” are among those in the running.
The competition was launched in 2014 by Green Alley, alongside several award partners including the German crowdfunding platform Seedmatch, London-based accelerator program Bethnal Green Ventures, and the European Recycling Platform in Finland, to highlight new ideas for meeting challenges posed by ‘throw-away societies, resource scarcity and the recovery of raw materials.’ The winning company will win a prize package of cash and services worth up to €30,000 (£23,000). In addition, the winner will have the opportunity to raise funds through crowd-funding or investments and to participate in an accelerator programme at Bethnal Green Ventures.
The 2016 finalists include:
The competition received nearly 200 business ideas from across Europe. The finalists will pitch their ideas to an international audience on October 27, where a 6-person jury of circular economy experts will select the winner.
Stateside, Target recently launched a new website, Startups.Target.com, that invites pitches from early-stage companies who are interested in runner pilot programs with the big-box retailer. The company wants to use the portal to find new technology platforms that enhance the customer experience in its stores and through its digital channels; products for its shelves or online will have to continue to follow the more traditional routes for now.
The site says it only takes 15 minutes to fill out a “Pitch to Pilot” form, and promises a response from Target within 30 days.
“Pitch to Pilot” builds on Target’s previous work with Techstars, a well-known startup accelerator. The two organizations recently graduated their first class of 11 startups from a three-month accelerator program, and will host at least two more such programs in the coming years. Applications for the summer 2017 program will open in January.
Target has also runs a similar accelerator program in India, and has sponsored the Sustainable Brands Innovation Open (SBIO) to engage with startups.
Published Oct 18, 2016 3pm EDT / 12pm PDT / 8pm BST / 9pm CEST