Cleantech Scandinavia is accepting applications for the 10th edition of its Nordic Cleantech Open, a start-up competition for cleantech entrepreneurs from the Nordic and Baltic regions.
Sponsoring Agency: Cleantech Scandinavia
Type of Fund: Challenges, Competitions or Prizes
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 05/16/2021
Size of the Fund: Not Available
Cleantech Scandinavia is accepting applications for the 10th edition of its Nordic Cleantech Open, a start-up competition for cleantech entrepreneurs from the Nordic and Baltic regions.
The purpose of the competition is to identify the 25 best and most innovative seed stage cleantech start-ups from the Nordics and Baltics, to then highlight them to their international jury of investors and industrial actors. The process puts the start-ups in the spotlight, with the goal of supporting and accelerating their transition into the global market.
Cleantech products and services contribute to one of the following objectives:
• Reduces or eliminates environmental harm
o For example by pollution prevention and control, reduction of greenhouse gas emissions or unsustainable/inefficient use of natural resources;
• Brings environmental benefits
o For example, by protecting healthy ecosystems or improving the productive and sustainable use of natural resources.
Who can apply?
• Business based in one of the Nordic or Baltic countries (Denmark, Sweden, Finland, Norway, Iceland, Faroe Islands, Estonia, Latvia or Lithuania). Applications from businesses outside these countries will be rejected.
• Companies that own the rights to the idea with which you are entering the competition.
• It is recommended that the applying company is a start-up that has received less than EUR 1,000,000 in external private financing. Grant funding, bank loans, revenues and money from friends and family is excluded. However, if your start-up is slightly above the recommended funding level and looking for further investments and industrial exposure, you are welcome to apply.
• Previous Top 25 companies are not eligible to apply again.
How do you know if your solution qualifies as cleantech?
• Cleantech products and services contribute to one of the following objectives:
o Reduces or eliminates environmental harm, for example by pollution prevention and control, reduction of greenhouse gas emissions or unsustainable/inefficient use of natural resources;
o Brings environmental benefits, for example by protecting healthy ecosystems or improving the productive and sustainable use of natural resources.
• Your company or idea can have a direct or indirect effect on reducing climate impacts. A few examples:
o Direct effect: companies that prevent food waste; improve logistics with smart apps and therefore fuel consumption; that sells sustainable material for the construction industry, etc.
o Indirect effect: companies that are developing AI or robotics that can potentially improve energy efficiency or any other environmental benefit as one of the applications, that are developing nanosolutions that reduce use of resources, that influences behavior that leads to savings, etc.
Evaluation Criteria
• Innovation
o Business Idea, Business Model, Problem Solving Ability, Uniqueness and Environmental Benefits
• Market Potential
o Accessibility, Size and Growth Dynamics
• Team
o Finances, Team Competences, Connections and Network
More information at: https://cleantechscandinavia.com/nordic-cleantech-open/
Eligible Countries:
Denmark, Estonia, Faroe Islands, Finland, Iceland, Latvia, Lithuania, Norway, Sweden
