The challenge is out to the world’s best and brightest entrepreneurs to help Adelaide become the world’s first carbon neutral city.
Premier Jay Weatherill today announced details of South Australia’s Low Carbon Entrepreneur’s Prize at Carnegie Mellon University’s Energy Week conference in Pittsburgh, United States.
The prize is the first initiative unveiled as part of the Adelaide to Zero Carbon Challenge - a new program aimed at cutting greenhouse gas emissions, generating new green businesses for the State and ensuring Adelaide is a showcase city for renewables and clean technology.
Mr Weatherill said through the Entrepreneur’s Prize, a total of A$250,000 in seed funding will be on offer to the best minds - locally, nationally and internationally - to develop ideas covering energy, transport, waste and liveability.
“We want bold ideas that will help establish new jobs and new industries in South Australia while helping make Adelaide the world’s first carbon neutral city,” Mr Weatherill said.
“This funding will help entrepreneurs flesh out their ideas, create prototypes and help get their ideas to market.”
Any successful proposal from overseas will be required to partner with a South Australian organisation to deliver their project.
Mr Weatherill said launching the Entrepreneur’s Prize at Carnegie Mellon’s Energy Week event highlighted the State Government’s desire to engage with the best and brightest across the globe.
“This event attracts leaders, innovators and entrepreneurs in the renewable energy field, and we want to get the message out far and wide that we’re ready to hear ideas from people the world over,” he said.
The start of the Adelaide to Zero Carbon Challenge follows an agreement between the State Government and the Adelaide City Council last year to make Adelaide the world’s first carbon neutral city.
“We know that global warming threatens many existing industries and taking action to reduce greenhouse gas emissions is crucial to minimising that damage”, Mr Weatherill said.
“South Australia already has a strong record in renewables and by positioning ourselves at the forefront of change we can attract the next wave of investment in the low carbon economy.
“This is the philosophy behind the Adelaide to Zero Carbon Challenge - to seek out the ideas and develop the innovative solutions that will help the State capture that investment.”
Further initiatives under the Adelaide to Zero Carbon Challenge will be announced over the coming months.
Participants in the Entrepreneur’s Prize have until May 30 to register their ideas.
To find out more visit adelaidetozero.yoursay.sa.gov.au