Dutch startup wins $125,000 in sustainable entrepreneurship competition Green Challenge!

Molly Morse from the U.S. received the first prize of $630,000 (€500,000) and New Zealander Nick Gerritsen $125,000 (€100,000).

24 SEPTEMBER 2012, NEW YORK
Summary
CEO and Founder of Peerby Daan Weddepohl wins a shared second prize in the Postcode Lottery Green Challenge, the world’s largest annual award for sustainable entrepreneurship. Peerby is the website that enables people to borrow and rent goods from neighbors. Daan will use the $125,000 (€100,000) prize to develop the website and app for his promising green business.
The Postcode Lottery Green Challenge announced the prizewinners’ names last night at a special dinner in New York organized by the Dutch Postcode Lottery in conjunction with the annual meeting of the Clinton Global Initiative (CGI). The Green Challenge jury, made up of seven international experts, selected the three winners out of a field of over 500 entries.

“Thanks to this generous prize we can hire developers and make Peerby even more easy to use. Using Peerby is good for the environment, your community and for you. It’s fantastic that Peerby got to the finals of the Green Challenge," said Daan. “During this competition we realized just how green Peerby really is. The production of consumer goods is responsible for 1/8th of the CO2 emissions globally. If by sharing we could reduce the purchase of goods by even 10% that would save the world 62 million tons of CO2 per year!"

Peerby is located in Amsterdam, though Daan will travel to San Francisco to join the Dutch startup accelerator program Rockstart to explore the U.S. market. Since a couple of weeks Peerby has been available for use throughout the Netherlands. An English version of the service will be launched in the near future. The prize money will be invested in development of the website and app.

Engineer Molly Morse won the first prize of the Postcode Lottery Green Challenge and received with her company Mango Materials and received $630,000 (€500,000). With her company Mango Materials she uses bacteria to turn methane gas into affordable biodegradable plastic. Nick Gerritsen of New Zealand won $125,000 for his company, CarbonScape, which uses industrial microwave technology to turn waste biomass into high-grade alternatives to nonrenewable fossil fuel products.

About the Postcode Lottery Green Challenge:
Every year, in the Postcode Lottery Green Challenge, the Dutch Postcode Lottery invites people around the world to send in their plans for sustainable, creative, innovative businesses that will reduce CO2 emissions. The Green Challenge, one of the world's biggest sustainable innovation competitions, is aimed at creative, innovative thinkers.

About the Clinton Global Initiative:
The Clinton Global Initiative’s 2012 annual meeting takes place from September 23rd to 25th in New York. At this gathering each year, representatives of businesses, NGOs, the scientific community and governments pledge to tackle global problems through Commitments to Action.
Quotes
"“Thanks to this generous prize we can hire developers and make Peerby even more easy to use. Using Peerby is good for the environment, your community and for you. It’s fantastic that Peerby got to the finals of the Green Challenge," said Daan. “During this competition we realized just how green Peerby really is. The production of consumer goods is responsible for 1/8th of the CO2 emissions globally. If by sharing we could reduce the purchase of goods by even 10% that would save the world 62 million tons of CO2 per year!"" Daan Weddepohl (CEO & Founder Peerby)
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Spokespeople
  • Medium square 024bce2e4bd7548495c771a33475d10a

    Selman Aqiqi

    Communications
    Phone US +1 (415) 494 7337
    Phone NL +31 6 360 200 03
    selman@peerby.com
About Peerby International

Peerby is a website that lets you easily borrow or rent (Peerby GO) things from your neighbors - with delivery, access to the things you need is even faster and more convenient. Ask Peerby for something you need, and borrow or rent it from your neighbors. With renting, you pay a small amount but you are sure to get exactly what you need, when and where you need it. The owners can make some extra cash by delivering the item themselves or let Peerby arrange delivery by bike messenger. Peerby saves you money, promotes social cohesion and enables the green life: as many as 1/8 of CO2 emissions on earth are derived from the production and consumption of durable goods. Since the launch of Peerby in September 2012, the number of members and transactions has grown exponentially. Peerby has active communities in twenty cities across Europe and in ten pilot cities in the US.

Accelerators: Founders Institute, Rockstart, Techstars.
Awards: $125,000 from the Clinton Global Initiative, B&J’s Join our Core, App My City Award.

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