A PayPal Floating City for Innovation & $70 M for Green Entrepreneurs


Blueseed Floating Green Entrepreneur City 300x225 A PayPal Floating City for Innovation & $70 M for Green EntrepreneursIf you’re a green entrepreneur who’s looking for a way to get your eco-fabulous idea off the ground, then you need to check out these recently-announced resources for the eco-minded, socially-conscious entrepreneurs of the world. There’s money, work space, and expertise to be had for the ambitious entrepreneur with an idea that will change our society’s future.

 

PayPal Announces Floating City for Technology Entrepreneurs (Plenty of Opportunities for Green Entrepreneurs!)

The world is full of technology innovators, but many of them are not able to launch their ideas because of lack of access to markets and resources that are available to most American green and social entrepreneurs. But PayPal hopes to solve that by creating Blueseed, a floating “Googleplex of the Sea” that will serve as living space and innovation incubator for entrepreneurs who can’t immigrate to the US. Blueseed will be a visa-free technology incubator for start-ups located 12 miles off the coast of Silicon Valley on a ship that will contain both living spaces and working spaces, as well as trees and lawns.

Entrepreneurs who are admitted to the program will have to pay about $1,200 per month for both office and residential space, which is quite affordable compared to the average studio apartment in San Francisco. Plus, it will afford bright, ambitious entrepreneurs the time and resources they need to get their ideas off of the ground. Once the startups reach maturity – $5 million or more in size – they can start to move into the Silicon Valley market more readily. Though not geared specifically to green entrepreneurs, certainly many environmentally-focused technology innovations will feature largely within the Blueseed community. More on this concept will be announced at the upcoming May 21 Commonwealth Club public affairs forum.

UK Government Announces £35 Million in Funding for Energy Entrepreneurs

DECC Energy Entrepreneur Innovators Fund 300x80 A PayPal Floating City for Innovation & $70 M for Green EntrepreneursThe other resource is the new Energy Entrepreneurs Fund announced by the UK Department of Energy and Climate Change (DECC). This £35 million fund will be split into several buckets. The first offers £20 million in funding for energy entrepreneurs this summer who have innovations that support energy efficiency. Another £15 million will be offered to power generation innovators at some date in the future. Each entrepreneur can apply for up to £1 in funding, and would be given expert advice from people already working in the field as part of the award package.

There is also an additional £3 million being offered by the DECC in a competition that’s being put together in partnership with the Technology Strategy Board. Innovators who come up with the best heat storage technologies that can be installed in homes to help even out peak electricity demand from low carbon heat technologies will be given funding. The DECC has also recently launched the Low Carbon Funding Landscape Navigator, an online tool that can be accessed by energy entrepreneurs to look for funding opportunities in the low carbon arena.

If you’re an international green or social entrepreneur, you won’t want to miss out on these unique opportunities!


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This post was written by:

Maryruth Belsey Priebe

Maryruth has been seeking the keys to environmental justice - both at home and at work - for over a decade. Growing up adjacent to wild spaces, Maryruth developed a healthy respect (and whimsical appreciation) for things non-human, but her practical mind constantly draws her down to earth to ponder tangible solutions to complex eco-problems.

With interests that range from green living to green business, sustainable building designs to organic gardening practices, ecosystem restoration to environmental health, Maryruth has been exploring and writing about earth-matters for most of her life. Of special interest is the subject of ecopsychology and the role the natural world plays in the long-term health and well-being of humanity. You can learn more about Maryruth's work at www.JadeCreative.ca.


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Comments

  1. Andrei says:

    Cool! It’s a great idea. So this is like a place where new online companies work in a common place supported or maintained by Blueseed?

  2. Stephen Ross says:

    Wow! What a great idea to break down the barriers of antiquated immigration laws and drive global innovation. These projects show incredible foresight when dealing with the future of green products as well as entrepreneurship in general. I’m really excited to see how these projects pan out and the amazing products that will be created as a result.

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