12 Mar 2014 Bio-bean and Demand Logic win places in the Shell Springboard national final

Two dynamic firms based in London have each been awarded £40,000 by Shell to help develop their innovative low carbon business ideas, winning places in the national final of the prestigious Shell Springboard awards.

Bio-bean and Demand Logic were named regional winners at the event in Oxford, seeing off competition from over 100 other businesses across the UK. The start-ups impressed the judges with their technologies – Bio-bean has developed a process to convert used coffee grounds into biodiesel, while Demand Logic uses smart data to identify efficiency savings in commercial properties.

The companies will now take part in the national final in London, going head to head with other regional winners from the Edinburgh and Manchester heats.

Kepler Energy was also named regional runner up at the event in Oxford for its second generation tidal turbine designed to harness low velocity currents, winning £30,000.

The Shell Springboard programme is a nationwide search for the next breakthrough in low carbon enterprise, part of a strategy of collaborating externally to fast track solutions to the energy challenge. Since 2005, Shell has awarded £2.58million to 71 companies exploring new ways to cut carbon emissions. Small businesses account for 90 per cent of the UK’s £120 billion low-carbon sector, which is forecast to be worth £4 trillion by 2015.

Matthew Tipper, Shell Vice President of Alternative Energies, added “Shell Springboard is a celebration of the small companies that are seizing the twin opportunities of the low carbon sector – addressing the future of energy challenge and contributing to the economic competitiveness of the UK. Bio-bean and Demand Logic both embody this idea with their innovative technologies, and I wish the companies the very best of luck in the national final.”