Carbogenics, alongside LightFi Ltd and Endo Enterprises, was last night named a regional winner of the Shell Springboard programme, hosted at the Aberdeen Exhibition and Conference Centre in Aberdeen.
Carbogenics Ltd is a start-up from Edinburgh, founded in 2016 by scientists Dr Jan Mumme and Franziska Srocke, and the developers of CreChar, a product that boosts the efficiency of the anaerobic digestion process in producing biogas.
Made from low-value paper waste, such as paper cups, CreChar not only diverts these waste materials from landfill or incineration, but also increases biogas output by up to 15%. There are nearly 500 anaerobic digestion plants in the UK, making it the 6th largest market in Europe.
The three companies will compete against the three other regional winners at the national Shell Springboard final, taking place in London on May 10, 2018. The national winner will receive a further £110,000, taking their total prize to £150,000.
Alongside funding, finalists receive essential business advice; from growing their business and building their brand through to guidance on getting the most out of other Shell initiatives, like the Access to Finance Navigator, which helps low-carbon entrepreneurs identify and access new sources of funding.
Now in its 13th year, Shell Springboard has awarded £4 million to almost 100 low-carbon entrepreneurs – and this support delivers results: 84% of winners are still in operation five years after starting-up, compared to a national average of approximately 45%.
Gareth Thistleton, Shell’s Head of UK Social Investment said:
“The quality of the entrepreneurs coming through Shell Springboard makes me really excited about the future of the UK’s low-carbon energy sector. Shell is thrilled to be helping these young businesses and I can’t wait to see what their future holds.”
John MacArthur, Shell Vice President, Group Co2, said:
“The low-carbon ideas of these businesses are exactly the sort of innovations that we’ll see at the forefront of the energy transition. LightFi Ltd, Endo Enterprises and Carbogenics are notable for their impressive originality and inventiveness and I wish them best of luck for the national final.”
Franziska Srocke, Co-Founder of Carbogenics Ltd said:
“Carbogenics Ltd has huge potential to boost biogas production and Shell Springboard’s support is essential to the development of our carbon-based anaerobic digestion additive. We are delighted to be going through to the next stage of the competition.”