Swiss start-up OsmoBlue wins finals of 2013 Venture Competition

OsmoBlue has won the €40.000 first prize in the European finals of Climate-KIC’s 2013 Venture Competition today (22 October).

A Dutch and a UK company were awarded €20.000 each in a joint second prize as an Italian start-up picked up the audience award.

Switzerland-based OsmoBlue pitched a sustainable and profitable technology for recycling low-temperature waste heat. OsmoBlue’s patented technology converts low-temperature heat, as low as 30°C, into energy. The system is scalable and can produce hundreds of kW to tens of MW of electricity.

The prizes were awarded after a pitching session at Climate-KIC’s annual Innovation Festival which is being held in Wroclaw, Poland this week. A total of 13 start-ups were judged by a panel of investors and representatives from industry as well as the hundreds of climate innovators in the audience who voted for their favorite start-up by sending a text message.

Second prize for Aqdot and Pectcof

The jury awarded Dutch start-up Pectcof and UK based Aqdot with a joint second prize of €20.000 each.

Pectcof‘s technology promises to unlock the potential of coffee pulp as a source of bio-based materials and at the same time detoxify the waste stream produced by the second most traded commodity in the world. 

Aqdot, a Cambridge-based company, pitched technology that allows for an energy efficient way of manufacturing microcapsules while reducing the usage of raw materials, leading to lower energy consumption and less waste.

Audience award for Akkutrack

Start-up Akkutrack took home the Audience Award presenting a pitch about optical and electronic instruments to be used in the field of solar photovoltaic concentration. The company is based in Italy’s Emilia Romagna region. The prize includes access to Climate-KIC masterclasses and entry into the EIT awards.

Venture Competition

Climate-KIC’s 2013 Venture Competition is one of its tools designed to generate more clean-tech start-ups and accelerate their business development. The competition is part of the Acceleration Programme.

All finalists that have competed in Poland today have been selected over the previous months through competitions organised by Climate-KIC’s national and regional centres.

Saving energy

France’s Qarnot Computing pitched a data processing company that has developed a technology that, instead of requiring a large data centre and a cooling plant, enables them to feeds their data to a network of high-tech radiators installed in homes and offices.

Birmingham, UK, based Heat Genius pitched a simple home-heating control system. Each room can be equipped with sensors and can be controlled individually through an app.

Recycling

Yellow Pallet, a Dutch start-up, offers factories, maintenance and resins for the production of complete transport pallets or pallet-blocks. These banana-based transport pallets are much more cost-effective than the wooden alternative.

UK-based Econic Technologies develops new processes for manufacturing polymers from CO2, promising that 30 per cent of conventional feedstock or more can be replaced with this waste gas.

Going electric

ElectricFeel, a Swiss finalist, pitched a management solution for electric bike fleets to build new clean transportation systems for cities and enterprises.

Germany’s Ebee Smart Technologies presented small, intelligent and cost efficient charging points that can be incorporated into existing infrastructure.

Start-up The Electric Hotel, headquartered in Germany’s Hessen region, provides a practical charging service for mobile phones whilst simultaneously educating customers in an entertaining way.

Crop technology

ECF Efficient City Farming, a German start-up, pitched urban farms operated by a highly efficient aquaponic system.

Cybeletech, a French company, has developed simulation software to forecast the growth of plants and crops. The start-up’s algorithms enable the agricultural sector to use fertilisers more efficiently.