This month marks five years since a major milestone in Ecovative’s growth – winning the Postcode Lottery Green Challenge in 2008 (video). This year, Eben Bayer will return to the Green Challenge to engage with organizers and contest finalists. In its annual competition, the challenge looks for products or services that combine sustainability, entrepreneurship, and creativity. One winner will be selected after the finalists present their ideas to an international jury of experts and audience of invited guests on September 16th in Amsterdam.
For Ecovative, winning the Green Challenge provided financial resources to scale our technology at a time that conventional VC investors were skeptical of its actual industrial implementation. In addition to the €500,000 prize, winning the Green Challenge meant a reputable validation of our efforts to significantly improve the world; this support was instrumental in moving forward as a company. Upon winning the award, Ecovative moved it’s offices and labs out of the RPI Business Incubator to expand its first prototype manufacturing facility in Green Island.
The Dutch Postcode Lottery is the Netherlands’ biggest, most popular charity lottery and supports 84 charity organizations, including UNICEF, WWF and Amnesty International. The Dutch Postcode Lottery operates from the belief that together we can make a big difference and works for a greener, fairer world by supporting charities in the Netherlands and abroad. The lottery has contributed more than €5 billion to its beneficiaries so far.