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Applications Invited for Ray of Hope Prize
Organization: Biomimicry Institute
Event Duration: 01 Nov. 2023 - 15 Nov. 2023
Apply By: 28 Apr 2023
About the Organization
We are on a mission to help solve humanity’s biggest challenges through the adoption of biomimicry (nature-inspired innovation) in education, culture, and industry.
For eons, nature has solved its problems with well-adapted designs, life-friendly chemistry, and smart material and energy use. We exist to shine a light on nature’s genius, and bridge pressing design challenges with proven biological strategies for a better future.
About the Prize
The Ray of Hope Prize® identifies the top nature-inspired startups in the world and fosters their growth by providing a 10-week program focused on sustainable business training, communications support, and opportunities for non-dilutive funding. Winning team will receive a $100,000 prize, with an additional $50,000 to be distributed amongst the remaining cohort.
Armed with nature’s billions of years of research and development, these startups are uniquely suited to address critical environmental and social issues at scale.
Any startup with a nature-inspired product, service, or technology with inherent social or environmental benefits may apply. We are particularly interested in solutions that address carbon sequestration, climate change adaptation or mitigation, critical sustainability challenges, or any of the U.N. Sustainable Development Goals.
Competitive applicants typically have secured more than $250,000 in funding (grants, equity, etc.) and less than $5 million in funding.
Over the course of the 10-week Ray of Hope Prize program, we help startups:
- Scale more quickly in order to compete in multi-billion dollar, extractive industries
- Avoid the common push to produce products cheaply, leading to unintentional harm (such as the use of toxic chemicals)
- Effectively communicate their science and biomimicry in order to create a brand advantage
How to Apply
Deadline: April 28, 2023, 23:59:59 MDT
For more information please check the Link
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