Shell Launches New Energy Challenge for Low Carbon Business Ideas
Shell’s New Energy Challenge has been set up to encourage collaboration between start-ups and industry as a way to fast-track the development and introduction of breakthrough technologies. European and Israeli start-ups and scale-ups are encouraged to propose game-changing solutions that could contribute to shaping a low-carbon energy system for the future.
The Challenge has two distinct tracks: one for start-ups (Seed phase) and a track for scale-ups (Series A). In doing so, the Challenge will offer companies with different levels of maturity business value that suits their specific needs.
Track One offers early-stage start-ups an intensive programme to validate their business plans and exchange ideas with coaches and experts. The winning finalist receives at least €100,000 towards a proof of concept within the Shell GameChanger programme, enabling them to test the technical and commercial viability of their solution.
Track Two offers scale-ups the opportunity to engage with experts and exchange knowledge and ideas, as well the opportunity to design a pilot proposal. The winner will further develop the pilot together with Shell Ventures and Shell’s Retail business, ultimately launching it at a Shell retail site.
European and Israeli start-ups and scale-ups with innovative technologies and solutions for the energy transition may apply. The focus is on businesses offering low-carbon energy solutions related to the future of mobility, energy management, energy storage, hydrogen and the retail station of the future.
Geert van de Wouw, vice president at Shell Ventures, said:
“The New Energy Challenge brings together some of the best minds working on the transition towards a lower carbon future.
“We are offering one of this year’s winners the opportunity to develop a pilot project with Shell’s support. This is unique to the New Energy Challenge and a concrete example of our commitment to collaborating with young entrepreneurs to accelerate the energy transition.”
The deadline for applications is 24 May 2019.
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