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Shell Springboard kicks off latest search for clean tech pioneers

Oil giant opens annual £350,000 competition to entries from low carbon innovators

Shell will today officially launch its annual Springboard competition, inviting early stage, low carbon businesses to compete for a share of £350,000 of funding support.

The oil giant’s long-running clean tech innovation programme will award one national winner £150,000, and a further five regional winners £40,000 of equity-free funding to help grow their low-carbon businesses.

In addition to the funding awards, the competition winners also receive business development feedback from experts who have worked with Shell in the low-carbon sector.

Companies can apply online through the Shell Springboard website until November 6, 2017.

“Since 2005, Shell Springboard has provided £4m of equity-free funding to almost 100 innovative low-carbon enterprises in the UK,” said Shell UK country chair, Sinead Lynch. “It’s really inspiring to see so many successful examples of low-carbon innovation coming through the programme and I’m excited that we continue to work with many of our winners to help their businesses grow.”

She added that the initiative was “an important element” of the company’s wider ” investment in the energy transition”. “[It is] one of the ways we collaborate with others to help deliver more and cleaner energy solutions,” she added.

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