Press Release – Stockholm, Sweden, February 21, 2019 – Blue, a global Stockholm-based mission-driven investor that builds, supports and invests in innovative entrepreneurship, today announced it will take pitches for an investment worth up to 500 000 SEK from participants in a KTH Royal Institute of Technology in Stockholm competition to find tomorrow’s clean water, sustainable energy and health business ideas.
The ED Global Challenge is a competition arranged by Entrepreneurial Days in collaboration with Blue, Venture Cup, KTH Innovation and Stockholm School of Entrepreneurship.
“We want to provide a solid capital opportunity to a far-sighted entrepreneurial individual or team to develop, build and bring to market an idea delivering on the clean water, sustainable energy and health ambitions included in the 17 UN Sustainability goals agreed by world leaders in 2015,” said Anders Jacobson, co-founder and CEO of Blue.
Jacobson said Blue’s mission embraced investing in human capital because human ingenuity has the ability to bring to life sustainable technologies and solutions that can improve human and planetary well-being.
Founded in 2017, Blue has rapidly emerged a major player in the global impact investing arena with investments in companies such as Bluewater, a world leader in drinking water technologies and solutions, as well as a growing portfolio of game-changing companies, including Climeon, Baseload Capital, Save by Solar, FloWater, Spout, TAPP, Chilean premium eyewear maker Karün and Visiba Care.
“As a catalyst for mission-driven innovation, Blue is committed to support entrepreneurs who embed environmental concerns into their business vision and using circular business models to make a positive impact on the environment and local, regional and national communities,” said Anders Jacobson.
Under the terms of the ED Global Challenge, entrepreneurs with a startup idea that can contribute to the clean water, sustainable energy and health ambitions of the 17 UN Sustainability Goals, or some of the other 14 goals, can apply for a chance to win 5 000 SEK in Proof of Concept funding from KTH Innovation, with a chance to get up to 300 000 SEK to fund their startup project. Winners will also be connected with an entrepreneur related to their field of interest over a lunch offered by SSES. Additionally, the principal ED Global Challenge sponsor, Blue, will select teams who will be given the opportunity to pitch their idea to them in a ‘Dragons Den’ chance to win up to 500 000 SEK in additional investment.
Headquartered in Stockholm, Sweden, Blue is an investment company that serves as a catalyst for innovations that can solve some of the major challenges facing our planet and all living on it. Blue’s mission is to find, engage with, invest in and support entrepreneurs, innovators and businesses driven by the desire to deliver tangible, sustainable solutions that can benefit human wellbeing and planetary health. www.blueab.se