Greenspace Live finalist in the UK’s largest search for new ‘green’ innovation

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RBS has selected Stornoway based Greenspace Live as a finalist in the Innovation Gateway; a major international search for new ways of reducing energy, water and waste.

Launched in March this year, the RBS Innovation Gateway attracted more than 140 submissions in just 40 days, from brand new concepts through to market-ready products and services.

The ideas came from innovators and small businesses (SMEs) around Britain and the world, from Perth in Scotland to Perth in Western Australia.

The best ideas will be tested on the RBS estate of 2,500 buildings and branches in the UK.

The innovation submitted by Greenspace Live is to enable customers to model buildings and optimize energy efficiency on a web based on-line platform.

Donald Macritchie, Managing Director at Greenspace Live said: “We are really delighted to reach the final in the RBS Innovation Gateway. This is a real honour for us and validates all our hard work in the company. Greenspace Live with our on line and affordable approach to building analysis, gives us a real opportunity to work with RBS to reduce energy, water and waste across the estate”

Announcing Greenspace Live as a finalist, Marcela Navarro, Head of Customer Innovation at RBS, who is leading the Innovation Gateway initiative, said: “Everyone connected with the RBS Innovation Gateway has been incredibly impressed by the innovators’ creativity and dedication to resource efficiency. The quality and the range of ideas have been phenomenal.”

DRAGON’S DEN

Being named as a finalist takes Greenspace Live just one step away from seeing its innovation installed by RBS. The company will now go before a Dragon’s Den style panel at the bank’s London headquarters on 10 November for one final pitch.

Successful, market ready ideas will be tested in RBS buildings and branches. All successful concepts will be given a £3,000 grant to develop their idea further before any possible test on the RBS estate.

Donald Macritchie said: “With the challenge of reducing energy and carbon in buildings we have developed a cost effective on line solution which enable buildings to be analysed rapidly and enabling good risk informed decision making so the right investment decisions are made before any financial outlay.

“We are commercializing solid applied research having spun out of the University of the Highlands and Islands in 2012 and we believe that RBS can plan a global strategy for all its buildings from an energy and carbon investment perspective.”

The RBS Innovation Gateway is an ongoing scheme. For information and details on how to apply please visit: https://www.innovationgateway.rbs.com