Postcode Lotteries Green Challenge

The Postcode Lottery Green Challenge, run by the DOEN Foundation, is one of the world’s largest competitions dedicated to sustainable innovation. Since its inception in 2007, the competition has encouraged green startups from across the globe to develop impactful solutions that reduce CO2 emissions and combat climate change. Each year, the competition awards €500,000 to the winning startup, with smaller prizes for runners-up, enabling them to scale their operations and accelerate their market impact​. In 2016, the Green Challenge Fund was created to further support promising finalists. This fund invests in startups beyond the competition, providing much-needed capital to help them grow from early-stage ventures into successful, impactful businesses. Companies like Ecovative, Bio-bean, and Land Life Company are notable examples that have received support from this fund. Ecovative, for example, has pioneered mycelium-based packaging that serves as a sustainable alternative to polystyrene​. Similarly, Bio-bean converts coffee waste into biofuels, contributing to cleaner energy solutions. The competition has also proven to be a vital networking platform, with startups gaining access to investors, mentors, and strategic partners. Finalists benefit from tailored coaching through the DeepDive program, run by accelerator Rockstart, further enhancing their chances of success. The Green Challenge and its fund continue to champion innovative solutions for a greener society, helping startups make significant strides in the global fight against climate change.