If 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
The 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!