175 startups with social and environmental business models from all over Germany have applied for the Next Economy Award. With its wave energy converter, SINN Power made it into the Top 13. The team is now looking forward to the ceremony at the National German Sustainability Day in Düsseldorf on November 26th.
The Next Economy Award rewards founders whose business models create social and ecological improvements and thus shape the “next”, sustainable economy. The award aims to demonstrate that sustainable actions do not only help to solve social and ecological problems globally or locally, but can also increase profitability and competitiveness.
For founder and CEO Philipp Sinn, this idea perfectly fits with the plan to generate affordable, green electricity from ocean waves: “Think ecologically, act economically—this is SINN Power’s motto. The nomination for the Next Economy Award strengthens our conviction that we are on the right track with our business concept.”
The 13 nominees will present their business model on November 26th in a live pitch to the jury in Düsseldorf. At the award ceremony on the same night, the winners of the Next Economy Award will be announced. SINN Power hopes for an award in the category “Renewables”.
The Next Economy Award is the National German Sustainability Award (Deutscher Nachhaltigkeitspreis, DNP) for startups. The DNP is the national award for role models in the field of sustainability and one of the most prestigious awards of its kind in Europe. It rewards top achievements in business, municipalities and academia. With five competitions, more than 800 applicants and 2,000 guests at the award ceremony, it is the largest European sustainability award.
Sponsor of the award is the Stiftungsverein Deutscher Nachhaltigkeitspreis e.V. in cooperation with the Federal Ministry for Economic Affairs and Energy, the Rat für Nachhaltige Entwicklung and the Association of German Chambers of Commerce and Industry (Deutscher Industrie- und Handelskammertag, DIHK).