The Scottish Government has recently launched an important consultation on its Circular Economy and Waste…
SEaB Energy submitted their ground-breaking idea after RBS called on innovators and small businesses (SMEs) to come forward with new eco-ideas for the bank’s 2,500 buildings around the UK. SEaB Energy, with offices in Southampton and a prototyping facility in Romsey, is one of the first companies to make it onto the shortlist. Sandra Sassow, CEO of SEaB Energy, said:
This is excellent news for our company and demonstrates that the demand for innovative solutions that addresses both energy and waste is growing rapidly.
The RBS Innovation Gateway, which is led by Marcela Navarro, Head of Customer Innovation at RBS, has three aims; to help RBS save more energy, water and waste, to nurture new, brilliant innovations and to help local inventors take their ideas to market. SEaB Energy has enjoyed 'whirlwind growth' over the last two year and has benefitted from winning a host of recognised industry awards and securing a number of lucrative government grants that have helped it establish a new R&D facility in Romsey and create additional jobs in the Solent area. With its products now market-ready, the company is now experiencing significant interest from businesses looking for localised energy solutions. Sandra Sassow added:
We are thrilled to be one of a small number of companies selected for this prestigious program and will undoubtedly help us accelerate our growth both in the UK and abroad.
SEaB Energy was one of over 140 companies from across the UK who submitted an idea to the RBS Innovation Gateway when the bank launched the project in March this year. Their idea went before an independent panel of experts put together by RBS, including academics from Cambridge University and business leaders from major companies such as Carillion, who assessed each idea and decided which ones had made it onto the shortlist. If successful, the next step for market ready ideas will be a trial on the RBS estate, including buildings and branches. All successful concepts will receive a grant to develop their ideas further. The shortlisted companies like SEaB Energy will now receive a huge range of support from RBS including:
- Testing and rolling out their idea on up to 2,500 RBS properties
- £3,000 grant for winning concepts and paper-based ideas
- Expertise to help accelerate their innovation to market
- Practical support and insights from the RBS Innovation Panel
- Access to the RBS Property Team and online events
- Connecting and collaborating with other leading innovators.
The RBS Innovation Gateway is a live project, so innovators in the Solent area who missed the first round can apply now to enter round two.