Applicants can be any one of the below:
- Not For Profit
- For Profit
- Academia/Research Labs
The competition for 2023 is open to European organisations operating in France, Germany, The Nordics (Denmark, Finland, Norway, Sweden), Portugal, Spain, Switzerland or the UK (have a product designed for one of these markets). Submissions are open to ULI members and non-members.
What we are looking for:
Applicants are judged on three fundamental criteria:
– Potential impact:
What is the scale of the opportunity being addressed? To what extent can this solution address the net-zero challenge? Can you quantify the greenhouse gas emissions your technology could eliminate? Is your business local or can it be rolled out in multiple geographical markets? Will it spawn an entire ecosystem of new supporting businesses? Might there be unforeseen negative impacts of the technology when developed at a larger scale?
How original is your technology or business model? Is it a ground-breaking modification of what others are doing, or is it something completely new? Is it patented or otherwise proven? Are there barriers to its adoption or success and can these be overcome? What complementary policies or business structures already exist?
– Likelihood of adoption
Over what timeframe could your innovation scale? What partnerships, clients, and investors do you have? How do you plan to take your product to market? What is your level of cost competitiveness? What would the carbon price have to be? Can your business model or technology attract the necessary amount of investment?