Small businesses with a product or service that reduces greenhouse gases could benefit from Shell Springboard, which is now open for a fourth round of applications.
The fund will make awards of between £20,000 and £40,000 in early 2009.
To be eligible, a product or service must lead to a reduction in greenhouse gas emissions, be commercially viable and innovative.
The scheme only applies to companies that have been in business for at least three months, as a sole trader or employing fewer than 250 people.
Last year, Carbon8 Systems – a project that can turn everyday rubbish from landfill into building materials such as bricks – scooped the top prize.
Based in Kent, the company won the award for its accelerated carbonation process, beating off competition from more than 130 other Springboard entrants throughout the UK.
Applications for next year’s awards must be made online. The deadline to apply is 7 November 2008. Visit www.shellspringboard.org to find out more.