Glasgow start-up representing Scotland and Northern Ireland in global business competition with $1million prize pot.
Two Glasgow entrepreneurs behind a business recycling coffee waste are competing for a $1million (£776,000) prize fund in a global business competition.
Scott Kennedy and Fergus Moore, the founders of Revive Eco, have been selected to represent Scotland and Northern Ireland in the 2019 Chivas Venture competition, being held in Amsterdam in May 2019. The global competition will see 20 companies from countries across the globe vying for a share of the $1million prize fund.
The Chivas Venture, which has previously had the likes of Halle Berry and Will.I.Am as judges, looks for businesses which are driven to create far-reaching social and environmental impact through their business operations. The competition will run alongside The Next Web conference and will see the 20 companies compete to be crowned the winning idea across the 7th, 8th and 9th of May.
The next three weeks of the Chivas Venture sees an online public vote take place, with $100,000 being split across the top 6 companies. Voting closes on April 30th and can be done through the Chivas Venture website.
Revive is a Glasgow-based start-up, founded by Scott Kennedy and Fergus Moore, with the vision of diverting all used coffee grounds away from landfill, and extracting maximum value from this material. The company collects used coffee grounds from a range of locations across Scotland and processes it to create a range of environmentally-friendly products. Revive has recently secured £235,000 from Zero Waste Scotland’s Circular Economy Investment Fund to further develop the business.
On progressing to the global finals, Revive co-founder Scott Kennedy, said “The competition in the regional final was extremely high, and so we were delighted to have been selected to progress. We know the standard of businesses competing in the finals will be hugely impressive, and we are relishing the opportunity of pitching alongside them. As an early stage company, it is fantastic to be recognised by an organisation like Chivas Venture and be given the platform to share our story and our vision on a global stage.”
Go to www.chivas.com/en-gb/the-venture/finalists/revive-eco to vote for Revive before the deadline on 30th April.
(Notes to Editors)
About Revive Eco Ltd.
Revive Eco Ltd. is a is an award-winning resource management company, developing high-value natural products from used coffee grounds. We are creating an innovative process capable of extracting high-value biochemicals from used coffee grounds that have uses in a range of industries. From the residual material left over, we create a natural soil conditioner product meaning our process creates zero waste. Our goal is to minimise waste, maximise value and reduce carbon emissions in Scotland.
About The Chivas Venture
Chivas Venture was launched by Chivas Regal back in 2014, as a global platform to support entrepreneurs who are solving the world’s biggest social and environmental issues. Every year, they give away $1 million in no-strings funding and expert coaching at the Chivas Venture Accelerator Programme. Over the last 4 years, they have received over 8,000 applications and supported 100 startups. From turning plastic waste into affordable housing, and cow manure into sustainable fashion, to unlocking education for the blind, or lifting people out of homelessness through coffee, these startups have been redefining “business as usual” into “business as a force for good”. More information on Chivas Ventures can be found at https://www.chivas.com/en-us/the-venture
For more information regarding the specific press release contact Scott Kennedy on +44 7533 790 098 or email firstname.lastname@example.org
More information on Revive Eco Ltd. can be found at www.revive-eco.com. You can also keep up to date with the latest from Revive via our social media channels – Twitter | Facebook | Instagram | LinkedIn