Santander X Global Challenge: Circular Economy Revolution

Categories

• They focused the challenge on four main categories:
  • Recycling, recovery and reuse of materials and waste
    • Companies that recover and reuse materials, reducing the use of natural resources, minimising waste and transforming it into raw materials for other activities.
  • New materials, and circular products and services
    • Eco-design solutions from their creation to the end of their useful life, focused on recyclability, reuse, recovery and innovation in new materials.
  • New circular business and monetisation models
    • Solutions that encourage the reuse and second life of products, reducing inefficiencies and creating value with collaborative and shared economy models.
  • Renewable energies and smart grids
    • Companies that help optimise energy use, improve distribution efficiency, the transition to renewable energies and the use of waste as an energy source.

Benefits

• Prize money
  • €120,000 for the winners:
    • 3 start-ups: €10,000 each
    • 3 scale-ups: €30,000 each
• Santander X 100
  • The Santander X community offers the most outstanding start-ups and scale-ups networking and access to the resources they need to grow.
• Connection with Fintech Station
  • The winning start-ups and scale-ups will have access to Banco Santander’s open innovation team to explore opportunities for collaboration.
• Membership of Norrsken Barcelona
  • One-year membership at Norrksen Barcelona with access to its activities and co-working space (up to two co-founders).

Eligibility Criteria

• Candidate companies must be incorporated in one of the countries participating in the programme (Argentina, Brazil, Chile, Germany, Poland, Portugal, Spain, Mexico, the United Kingdom, the United States and Uruguay).
• In the case of a start-up, you must fulfil at least one of the following criteria: annual income not exceeding $300,000, capital raised between $100,000 and $1 million, or between 2 and 25 full-time employees.
• In the case of a scaleup, you must fulfil at least one of the following criteria: annual income greater than $300,000, capital raised greater than $1 million or more than 25 full-time employees.

Pitch Evaluation

• If your company is selected as one of the finalists, the Global Challenge organising team will contact you to invite you to participate in the online semi-final, which will be run as a ‘pitch session’.
• In this session, you will present your company to a group of experts, who will then validate and decide on the winners of the challenge.
• You will have to prepare and give your pitch presentation in English.

For more information, visit Banco Santander.