Created to reward businesses offering the most innovative solutions in building materials, energy and environmental sustainability, the competition is organised by NOVA External Venturing 鈥� an international team of Saint-Gobain representatives which identify start-up companies for strategic partnerships with Saint-Gobain.
Prizes total nearly 鈧�63,000 in capital and partnership opportunities with the overall winner receiving 鈧�37,000.聽 Second and third place winners will receive 鈧�18,500 and 鈧�7,400 respectively.聽 Each winner also gets to work with NOVA to explore a variety of working partnerships with Saint-Gobain such as licensing, manufacturing or commercial agreements, equity investment and joint ventures.
The NOVA External Venturing team will select eight to 12 finalists based on the quality of their value propositions and potential synergies with Saint-Gobain.聽 Finalists will then be invited to present their innovations to the panel in 10 minute 鈥渟peed-dating鈥� sessions held at the Greenbuild International Conference and Expo in San Francisco on November 15 2012.聽 Judges include senior Saint-Gobain executives and experts in the building, energy and environmental sustainability industries.
The competition is a valuable opportunity for companies that are poised for growth but lack the capacity to commercialise.聽 2012 NOVA Innovation Competition entrants will join the extensive list of progressive companies that NOVA External Venturing has evaluated since 2006 and winners will become part of an elite group that has formed successful partnerships with Saint-Gobain.
Lisa Benbow, communication directorfor Saint-Gobain UK, Ireland and South Africa, comments: 鈥淪ince 2006, NOVA External Venturing has invested in dozens of promising start-ups in Europe and the United States, with a select few rising to the top through the Innovation Competition.
鈥淲inning companies thrive with access to the global market through Saint-Gobain鈥檚 established market knowledge and, most importantly, through the support, resources and expertise that comes from a history in building materials innovation of nearly 350 years.鈥�
鈥淪aint-Gobain invests in innovation across its family of companies to improve the way we construct, sustain and live within the built environment,鈥� said Didier Roux, Vice President of Research & Innovation and member of the NOVA board. 鈥淎fter having held the Nova Innovation Competition twice in France and once in Germany we will host the upcoming event for the first time in North America.鈥�
Competitors have until the end of June 2012 to submit their entries
Got a story? Email news@theconstructionindex.co.uk
