UK Technology Strategy Board launches clean tech mission to Brazil
- 06 June 2013
LONDON: The UK Government's Technology Strategy Board (TSB) has opened applications for its 'Clean and Cool Mission to Brazil', an opportunity for UK-based clean technology entrepreneurs to develop their businesses in the South American emerging market.
The top 20 companies chosen will be flown to Sao Paulo and Rio de Janeiro in October, where they will have access to networking opportunities and mentoring by industry experts.
The competition, run in association with UK Trade and Investment, the Long Run Venture and the Co-Sponsorship Agency, is looking for small and medium enterprises (SMEs) who are actively seeking to explore the Brazilian market and who are intent on developing imaginative solutions to societal waste and energy misuse.
Key areas of interest are: bioenergy, wind and solar, water and waste water, solid waste, buildings, future cities, and agriculture and forestry.
The judges will be looking in particular for:
- Innovation: Breakthrough in a product, service or business model, and its potential impact
- Market: An interesting, immediate and clearly identified market within Brazil
- Ability: A team, track record and readiness to do business within Brazil
Chief executive of the Technology Strategy Board, Iain Gray commented: “The real story here will be about these promising UK business people who are ready to embark on innovative ventures in a new but growing sector.”
The organizers believe the mission will provide UK SMEs with insight into a business sector of growing prominence, while also enabling them to build relationships with established companies working in the sector. By 2020 it is estimated that the global clean tech market will be worth $2 trillion US dollars.
Brazil is an ideal destination due to its continued economic growth, as well as social, regulatory and business driven changes that have the potential to achieve great sustainable development.
According to TSB, currently Brazil is ranked fourth in the world for sustainable buildings, has the sixth largest IT market and 88% of their domestically produced electricity is renewable. However, 54% of the population does not have access to sewage collection and daily over 150,000 tons of municipal waste is produced, a fact that offers fertile territory to explore low carbon, technological advances.
CLEAN TECHNOLOGY: THE FUTURE
For sustainable development and efficient use of resources, scaling-up clean technology innovation is key. With this in mind, The Climate Group, in conjunction with UK start-up Marblar, is running a sustainable homes competition which invites competitors from across the world to re-imagine technology to create a more sustainable home. In just one week over 70 ideas have been uploaded to the EarthHack website and many more are expected to be submitted in the coming weeks.
By Alana Ryan.