LowCVP Technology Challenge
Citizens, employers and businesses depend on efficient, affordable, safe, reliable and clean urban transport systems to move people to and from their homes, workplaces, shops and leisure facilities. Existing road, rail and tube systems are, however, frequently congested, expensive to maintain let alone expand, and were designed in times when energy efficiency, de-carbonisation and reducing oil dependency were not the priorities they are today. In London alone, for example, ground-based transport accounts for 22% of the capital’s overall CO2 emissions, and just over 2% of the UK’s. City regions, transport authorities, airport operators, major event organisers and others are thus increasingly looking to alternative personal and public mobility solutions. They do so not just to reduce carbon emissions, but to reduce congestion and overcrowding, improve air quality and promote social cohesion through greater personal mobility.
New technologies and products arise constantly thanks to UK ingenuity and engineering capabilities; however gaining traction with potential customers and investors can be the single most challenging barrier to progress. In the low carbon transport sector, potential customers and clean-tech investors seek viable products to save or make them money while lowering carbon emissions. But the shear breadth of ideas, possible avenues and opportunities are not always matched by the resources available for proper research and investigation, limiting their horizon scanning activities.
With the aim of accelerating the market introduction of new and innovative products and technologies, and identifying the most promising ideas, LowCVP is providing this opportunity to emergent supply chain companies and technology developers, to promote themselves and add credibility to their low carbon solutions.
The LowCVP Technology Challenge aims to give new entrants to the supply chain the opportunity to present their innovations to a panel of potential major customers, investors and other crucial decision-makers and stakeholders. Past winners have gone on to even greater things after winning the LowCVP Technology Challenge, and include Flybrid Systems, Hardstaff Group, Flybus, Axon Automotive, EVO Electric and many others.
Past Challenges have focused on technologies for passenger cars and HGVs, public and private urban mobility options.