Gen Lab, a youth-led social enterprise, is the country partner for Bangladesh of the competition of 2020, according to a press release received on Thursday.
Anyone with a green business idea who wants to become an entrepreneur can enter the competition, the Gen Lab release said.
ClimateLaunchpad expects 3000 ideas this year, 25 from each country means 25 ideas from Bangladesh. The application deadline is – July 06,2020 for Bangladesh.
After the idea submission from participating countries, the teams start with a three-day Boot Camp and six Coaching Sessions to prepare for their National Finals.
The Top-2 of all National Finals will get a chance to pitch their idea in front of the review board of EIT Climate-KIC Accelerator during the Global Grand Final.
There, through semi-finals 16 teams will be selected to perform in the Global Grand Final. The top-10 will win direct access into EIT Climate-KIC Accelerator without having to pitch to a review board.
Besides this, 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.
ClimateLaunchpad welcomes innovations in renewable energy, energy efficiency, food security, addressing pollutions and negative externality and agriculture, water, transportation, industrial technology or any other way to tackle climate change.
The judging criteria are impact on climate change, business potential and skills within the team.
Typically, ClimateLaunchpad, powered by Climate-KIC and supported by the European Institute of Innovation and Technology (EIT), an initiative of the European Union, is a cross border international programme, but this year due to COVID 19 all activities will be performed online.