Three businesses win £40,000 climate change innovation prize
Feb 05, 2010
Three businesses, with innovative ideas for tackling climate change, won awards of £40,000 from Shell Springboard, a programme designed to promote the growth of the low carbon economy in the UK.
Nine businesses competed in the Shell Springboard Regional Final on 2nd February 2010 in Manchester with Global Energy Systems & Technology, HiMag Solutions Ltd and Aeristech Ltd winning a financial boost for their businesses.
The Shell Springboard programme, which has awarded over £1.3 million to 35 UK small businesses since it launched in 2005, this year celebrates its fifth anniversary. The programme encourages a positive business response to the challenge of climate change by providing a no-strings financial boost to ideas for innovative products and services that could help reduce greenhouse gas emissions.
Nimai Swaroop, Marketing Manager of Lubricants UK and Nordics, Shell, said: “Over the last five years, Shell Springboard has given £1.3 million to thirty small businesses with innovative ideas for tackling climate change. It’s fantastic to see UK’s entrepreneurs continue to respond to the challenge of climate change, regardless of the economic climate and we wish the three winning businesses every success in moving forwards.”
More and more green entrepreneurs are looking for a financial boost to take their business ideas to the next level, with research conducted by Vivid Economics for Shell Springboard indicating that the low carbon energy market could be worth £2,000 billion by 2030.*
HiMag Solutions and Aeristech Ltd will now compete to be named as the overall UK winner in London on 2nd March.
To find out more about Shell Springboard visit www.shellspringboard.org.uk
* The findings are taken from The Race to Capture the Carbon Pound, a report based on research conducted by Vivid Economics and New Energy Finance on behalf of Shell Springboard in 2007