Chrysalix Venture Capital will award up to $250K USD for the winning solution.
The prize money:
- Is awarded based on the judges’ evaluation of the best submission
- Will be dedicated to funding a 6 to 12 month project to demonstrate a viable business case along with a proof of concept (e.g. technology prototype, techno-economic validation)
- Final amount will be determined based on the technology readiness and business readiness level of the solution
Successful, start-up worthy solutions that achieve the 6-12 month project milestones will have the opportunity for additional follow-on equity funding of $1M+ from the Chrysalix Carbon Neutrality Fund.