For African startups, there is a deal to pursue – it is called the Postcode Lottery Green Challenge.
The Postcode Lottery Green Challenge is one of the world’s largest competitions in the field of sustainable entrepreneurship. From 1 March 2017 until 1 June 2017, green start-ups from all over the world can submit their promising sustainable business plans to the the 11th edition. The winner will receive €500,000 to further develop the product or service, and to bring it to market. The runner-up will receive €200,000. An international jury selects the winner and runner-up.
The Dutch Postcode Lottery started the competition in 2007, after being inspired by president Clinton to look for those dedicated entrepreneurs with brilliant green business plans. Plans that are ready to speed up the transition towards a low carbon economy. The answers to the issues of our time are already in front of us. But it takes entrepreneurs like the Postcode Lottery Green Challenge finalists to present us with sustainable solutions and get them out into the world.
How does the competition work?
People from all over the world can (free of charge) submit their sustainable business plans at www.greenchallenge.info. Mid-July, the organization will announce the 25 nominees who will have a chance of becoming a finalist. Five finalists will then be selected Mid-August for the final round of the competition, where they will present their business plan in front of a selected audience and an international panel of experts during the grand final in Amsterdam on 14 September. After the decision round the judges will announce the winner of the €500,000 as well as the runner?up.
As this is an international competition, all entries must be submitted in English.
- be willing to bring your idea to market yourself, and to commit to working with any organisation necessary for developing the product and/or implementing the service
- be 18 years or older
- be willing to attend the Postcode Lottery Green Challenge in Amsterdam if you are selected as a finalist to present your idea to the jury (reasonable travel and lodging expenses for one person per finalist will be reimbursed)
The registration is open from 1 March 2017 until 1 June 2017. Apply here.