AMSTERDAM, 11 September 2014 – Arthur Kay, the 23-years old British founder of green start-up Bio-bean has won the Postcode Lottery Green Challenge 2014. The jury, chaired by Ellen MacArthur, awarded the start-up €500,000 today at the final in Amsterdam to realize his green business plan.
Arthur's company uses a patented process to upcycle waste coffee grounds into advanced biofuel products, namely biodiesel and biomass pellets, used for powering buildings and transport systems.
There is a lot at stake: 500,000 euros for the winner and 200,000 for the runner-up, prize money that will allow them to kick-start their businesses. For the past days the finalists have been trained by Rockstart, have had pointers from Green Challenge Winners Eben Bayer, Scot Frank and Ginger Dosier and have lifted their presentations to impressive heights. They are ready and so is the audience.