Opportunity

Sponsored by: FAMAE

FAMAE is an independent family foundation that supports innovation in the field of environment. The foundation organizes an annual International Challenge to help inventors create simple and innovative solutions that can substantially improve our daily lives, while significantly alleviating environmental footprints.

This year’s challenge is to design a simple and innovative product or service to preserve water, and to make it cleaner and accessible to everyone, all over the world.


Details

  • Prize: € 2,000,000
  • This challenge is open to everybody, especially to the education community (students, professors, researchers); business world (startups, small-to-medium-sized enterprises) and philanthropic organizations (social entrepreneurs, NGOs).
  • Anyone can ask a given candidate to team up to improve the odds to get selected. You can join an existing team or indicate in your project’s profile that you would indeed welcome a helping hand!
  • The € 2M prize is a seed funding provided by FAMAE that enables the candidate to either turn its original innovative idea into a prototype or a product and publicize it. Practically speaking, this funding shall be used to pay for project-related expenses (i.e product development costs, people wages, marketing expenses).
  • The selected project(s) will receive full support from the members of the endowment fund and from the jury members. FAMAE will provide access to its extended business network of contacts and help you on all matters you may find necessary, be it legal / trade and financial aspects, or product development / suppliers’ sourcing / product manufacturing. The selected project(s) will benefit from several hundred years of accumulated experience!

Application deadline: February 15, 2019

For more information, and to apply, visit the FAMAE website