A Start-up from The Catalyst GIK Incubator ‘Greenovation’ has secured 2nd place at top 10 Innovators of Shell LiveWIRE 2019 under Sustainable future category, the team also Won a prize money of USD $10,000.
Shell LiveWIRE is a global competition which highlights and rewards businesses that demonstrate excellence in innovation as well as giving entrepreneurs a chance to shine on a global platform.
This year, Shell LiveWIRE partnered with Shell Global Commercial, which supplies lubricants, aviation fuels, bitumen, sulphur and related services to one million business customers in 150 markets, to deliver a competition focused on the circular economy. Shell aims to reward entrepreneurs that help move the world away from the linear economy model – taking, using, and disposing of products –towards an economy that designs waste out of the system.
The winners faced stiff competition with Shell receiving 98 applications from 19 countries around the world. Twenty-one finalists then had to compete in a public vote, which drew in more than 18 thousand votes from 144 countries.
Greenovation is a waste management and recycling Start-ups that transforms plastic waste into liquefied petroleum gas, the start-up was part of The Catalyst GIK Incubator’s 5th Cohort.
Greenovation has also received grant from Directorate of Science and Technology Government of Khyber Pakhtunkhwa worth PKR 800,000, for Setting up a pilot plant in Peshawar, the plant has been installed and is undergoing testing before it can be formally inaugurated.
Rector GIK congratulated the team for representing Pakistan at global stage and winning among the best ideas from across the world.