Low-carbon businesses win £40,000 funding and place in the Shell Springboard national final

Three dynamic enterprises have received £40,000 awards from Shell at the Edinburgh regional heat of Shell Springboard 2015 to develop their innovative low-carbon business ideas, also winning a place in the national final of the awards programme.

 

For the first time ever, the national winner will receive an additional award of £110,000 – adding up to a total of £150,000 to develop and grow their low-carbon technology.

The three regional winners:

Witt Energy has developed a technology capable of collecting chaotic movement in any direction and turning it into useable power.  This revolutionary technology has potential applications as a power collecting unit, in aqua-culture, oceanography, charging batteries on boats, navigational and in GPS.

Yomp hope to utilise their employee-engagement software to help organisations to get more people commuting by bike, with the productivity and health effects being considerably beneficial.

Econic Technologies plans to build CO2 into the plastics of tomorrow by utilising their catalyst performance, providing a cost-effective and practical solution to the carbon footprint challenge.

Shell Springboard is a UK-wide programme supporting entrepreneurs with breakthrough ideas in low-carbon innovation. The programme is part of Shell’s strategy to support the UK’s transition to a lower carbon economy while helping to create jobs and growth among UK small businesses.

Since its launch 10 years ago, Shell Springboard has awarded approximately £3 million to 80 small and medium sized enterprises (SMEs) at the cutting-edge of the low-carbon economy. To date, these 80 businesses have created over 250 new jobs in the UK and have an annual combined turnover of £60 million.

Bill Spence, Shell Business Opportunity Manager, Peterhead CCS said “We’re proud that Shell Springboard supports enterprises like Witt Limited, Econic and Yomp, who are all driving innovation in the low-carbon energy sector. The big ideas coming out of these small businesses are not only helping to create a lower carbon energy future – they are creating a new wave of jobs and economic growth in the UK. These businesses embody the purpose of Shell Springboard with their exciting low-carbon technologies, and I wish them the very best of luck in the national final.”

Other finalists included:

  • iPower, who have launched the world’s first free fuel cell combined heat and power (CHP) programme supported by the government’s Feed-in Tariff
  • Losstek, which increases efficiency in electricity distribution networks using data analytics
  • Nimrod Energy Ltd, who have created a wind turbine transmission system with intrinsic energy storage based on Thermal Pumping
  • Samad Power, for their Turbo Green Boiler – technology to revolutionise the heating industry
  • Greenfield Energy Ltd, for Geoscart – their geo-coupled heating and cooling networks
  • Clean Energy Prospector Ltd, who have developed Simtricity – connected solar generation meters

For more information about Shell Springboard and how to join the programme, please visit: http://www.shellspringboard.org/

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