FAQ

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What is ClimateLaunchpad?

ClimateLaunchpad is the world’s largest green business ideas competition. Innovation and invention can lead the way to a clean future. That’s why we create a stage for the people who have great cleantech ideas and help them develop those ideas into startups making global impact. ClimateLaunchpad is part of the Entrepreneurship offerings of Climate-KIC.

Fixing climate change, one start-up at a time.

What is Climate-KIC?

Climate-KIC creates opportunities for innovators to address climate change and shape the world’s next economy. Climate-KIC is funded through the European Institute of Innovation and Technology, an initiative of the EU. They accelerate innovation that enables a low-carbon future. One of their core activities is the Climate-KIC Accelerator, the rock solid programme for cleantech start-ups where great ideas grow into great businesses.

What is Climate-KIC Accelerator?

Climate-KIC Accelerator is the world’s first business school for promising cleantech entrepreneurs. It offers entrepreneurship education, top-notch tools & techniques and intensive coaching. In three stages the programme works with start-ups to get funded and launch their products worldwide. The grants that come along with each Accelerator phase are generous, but the dedicated guidance is more than money can buy. The Top-10 winners of ClimateLaunchpad’s Grand Final get accepted into Climate-KIC Accelerator.

Why should I enter ClimateLaunchpad?

Because it is your dream to get your green business idea funded and launched worldwide. Enter ClimateLaunchpad if you want to know how to navigate the cleantech field, want hands-on business advice while developing your business plan and become a pro in presenting your proposition to investors and prospective customers. This and more you will learn during the ClimateLaunchpad trajectory.

Battle for your idea during the National- and Grand Final. Winners of the Grand Final get accepted into the Climate-KIC business Accelerator: a huge step in making your dream come true.

Who can join ClimateLaunchpad?

Anyone with a promising cleantech idea who dreams of becoming an entrepreneur should join. You can be a new start-up, SME, researcher, student, public organisation, consultant, engineer, a combination of the above or something that doesn’t fit a job title. Don’t worry if you don’t have a business plan quite ready. We’ll help you strengthen your plan or teach you how to create one.

You can only apply in your own country and you can only enter if:

You have not yet started a business or your company has been incorporated for less than a year (definition: your legal entity does not exist for more than 1 year);

Your new venture has attracted less than € 200.000 in total funding (this includes all funding, like grants, government loans, angel and/or VC investments, et cetera)

You have not yet sold products, solutions or prototypes on commercial terms.

You cannot enter ClimateLaunchpad if you have:

Already been accepted into Climate-KIC Accelerator with this idea;

Already been accepted into ClimateLaunchpad (or the former CleanLaunchpad) in a previous year with the same idea.

Not sure if you should enter? Contact us.

How does the competition work?

The ClimateLaunchpad programme gets you all the knowledge and skills to build a successful start-up. The competition consists of three stages:

Round 1: Boot Camp
You apply in your own country. A minimum of 7 business ideas per country will get selected to participate. The competition starts off with a 2-day (National) Boot Camp. You’ll be invited by mail. Find more information on your country page.

Round 2: Intensive coaching and National Finals (plus Regional Finals for India and Africa)
The weeks after Boot Camp you will attend six intensive coaching sessions. You’ll perfect your pitch, value proposition and business model. After that, you’re ready to rock your National Final where you’ll pitch in front of the National Jury. In Africa and India the top teams of each country go on to Regional Finals*. Winning teams of National and Regional Finals get to compete in the Global Grand Final.

* Regional Finals for India and Africa are new in 2019. All details and logistics will be finalised and communicated asap.

Round 3: Global Grand Final
If you are among the winners of your National and/or Regional Finals, you get to compete in the Global Grand Final. In this ultimate final you’ll pitch your idea in front of leading investors and entrepreneurs. You’ll receive valuable feedback and get a chance to discuss your idea in more detail during network sessions. The jury will select sixteen finalists to compete for direct access to EIT Climate-KIC Accelerator and prize money.

For more information check our competition page.

What can I win?

Prizes in the National (and the Regional Finals in India and Africa) differ per country and region. The top-10 teams at the Global Grand Final win direct access to the EIT Climate-KIC Accelerator.

All other Global Grand Finalists get a chance to pitch their idea in front of the review board of EIT Climate-KIC Accelerator to gain access to the programme.

Last but not least: the overall winner of the Global Grand Final receives € 10,000, the runner up gets € 5,000 and the idea that comes in third place wins € 2,500.

All prizewinners are responsible for any taxes, wire transfer costs and other possible costs related to receiving the prize money.

What kind of ideas is ClimateLaunchpad looking for?

Your idea can be an innovation in renewable energy, a sustainable transition in the food chain, a mind shift in urban mobility or any other way to tackle climate change. As long as it’s in the cleantech domain. That means it’s “a scientific innovation that uses existing technology to do more with fewer resources, and has a commercial driver.” Even if your idea is still on the back of a napkin, you’re most welcome to join. Not sure if your idea fits the bill? Contact us, we’re happy to help.

What are the judging criteria?

For the selection of ideas jury members take the following six criteria into account:

Business or Market Potential
Does the proposition address a real pain?
Is there a clearly identified customer segment?
Is there an opportunity to expand in other markets?

Job Potential or Social Impact
Does this business have the potential for strong growth and create jobs doing so?
Does it address an important environmental or social issue?

Innovation or Technology Potential
Is there strong new technology?
Is there a strong new business model?
Or an idea with existing technology/business model

Climate Impact
Is there a significant climate impact?
Is the climate impact significant in this business sector?

Strength Management Team
Is there entrepreneurial spirit in the team?
How complete is the team for the task at hand?
Does the team have prior start-up experience?

Quality of Pitch

How do I apply? Do I need to submit a business plan?

You can only enter ClimateLaunchpad in your own country. Apply by filling out the application form for which you’ll answer questions like what problem you are solving and what climate impact you expect to make. No need for a business plan just yet. We’ll help you strengthen your plan or teach you how to create one.

What happens to my idea when I apply, will it still be mine?

Your idea remains solidly yours, no question about it. You retain full and exclusive ownership of your information and intellectual property rights. Any idea you submit will only be used for the purpose of evaluating your application to ClimateLaunchpad.

How will my application be handled?

Your application will be reviewed and ranked by a review board in the country you applied for. This panel selects a minimum of 7 business ideas per country for participation in the 2-day Boot Camp. You’ll be invited by e-mail, so keep an eye on your mailbox.

How much time will I have to dedicate to ClimateLaunchpad?

When you confirm to participate in ClimateLaunchpad you are required to attend the 2-day Boot Camp in your country, take part in five out of six coaching sessions, compete in the National Final (and the Regional Finals if you compete in India or Africa) and Global Grand Final. You risk a € 500 fine if you don’t show up to any of the sessions and you will not be able participate any further. The fine is to cover our costs for you to be in this competition.

ClimateLaunchpad - Cleantech business idea competition - FAQ

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