Climate-KIC – Europe’s largest public-private innovation partnership that addresses climate change – is running a competition that helps applicants develop and build products that reduce and manage electricity demand in the UK.
£125 000 is offered to develop ideas in the project, which involves the National Physical Laboratory (NPL) and Imperial College London, as well as the National Grid, to reduce electricity demand and increase use of renewable energy.
Entrants to the competition will receive support to develop ideas into market-ready products. Shortlisted candidates will be invited to test their ideas test their ideas at facilities at NPL and receive assistance from experts to build a prototype at Imperial College’s engineering and design facilities.
All entrants will then be assessed and a prize of £50 000 will be awarded to the business plan and design that demonstrates the greatest impact at reducing energy demand.
It is hoped investors and buyers will be interested in further developing in the near-market ready ideas and prototypes from the project to make them a reality.
The challenge is open to entries from anyone across the European Union, but the solution must be applied within a UK context, applications must be submitted by 9 September 2013. See dynamicdemand.nesta.org.uk for more information.