On Monday 10 March, People’s Postcode Lottery launched the Postcode Lottery Green Challenge 2014 at the Science Museum, kicking off the world’s largest international competition for green entrepreneurs and innovators. For the first time, this year a new innovation scholarship, specifically for British students, was announced in partnership with The Open University.
The Postcode Lottery Green Challenge offers up to €500,000 for the best green product or service that can make a sizeable contribution towards cutting carbon emissions. As part of the conditions of the challenge, the product or service must be brought to market in two years and offer innovative, entrepreneurial and courageous solutions. In addition to this, runner-up prizes of €100,000 are available for two applicants.
The event saw speeches from Baroness Verma, the Parliamentary Under Secretary of State at the Department of Energy and Climate Change, and former winner of the Green Challenge, Nick Christy who presented his innovative ‘Water Recycling Shower’.
The Postcode Lottery Green Challenge Scholarship offers four prospective and current postgraduate students at The Open University the opportunity to win the cost of their tuition fees, up to a maximum of £8,500 each. The Scholarship runs alongside the international Green Challenge competition and is geared towards developing the next generation of British entrepreneurs and innovators who are passionate about tackling climate change.
Baroness Verma, who is chairing the judging panel for the Postcode Lottery Green Challenge Scholarship, said:
“In order to realise our green goals, we have to capture the imagination of young British innovators and this is a fantastic prize in order to do so. I would also urge Britain’s vibrant community of green inventors and innovators to apply to the international Green Challlenge competition, as this really could bring their idea to life and make a sizeable contribution towards cutting carbon emissions.”
Professor Anne De Roeck, Dean of the Open University’s Faculty of Mathematics, Computing and Technology said:
“Scholarships present fantastically important opportunities for our students. We are very proud to be a part of this initiative and to be able to present this gift to prospective and current Open University students wanting to study a green-themed postgraduate qualification.
“For me, innovative initiatives like this make real impact and a real and lasting contribution. I predict there will be great interest in both the scholarship and international competition among our students.”
The Postcode Lottery Green Challenge has been running since 2007.