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RBS names Propelair as successful innovator in the search for new 'green' inventions
Propelair has been selected to take part in the Royal Bank of Scotland Innovation Gateway after 26 finalists pitched their green inventions to a panel of judges, in a bid to test their new products in selected RBS buildings and branches in the UK.
The RBS Innovation Gateway, which was launched in March this year, has three aims: to help RBS save more energy, water and waste; to nurture new, brilliant ideas and help local innovators and SMEs to accelerate their ideas to market. The project 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 from around the UK and the world, including the US, Australia and Europe.
The innovation submitted by Propelair is designed and manufactured in the UK. Using patented POWA displaced air technology, Propelair produces a powerful, high-performance flush requiring only 1.5 litres of water.
Garry Moore, founder and CEO of Propelair, says: "The RBS Innovation Gateway proves the effectiveness of our technology and is an important step in our advance into new markets."
Announcing Propelair as a successful innovator, Marcela Navarro from 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 and Propelair standS out from a great group of brilliant innovators."
Over the last six months an independent panel of experts from academia and the business world has worked with RBS to analyse each submission, to assess how they could help drive resource efficiency if the innovation was installed on the RBS estate. The judging panel was made up of Caroline Rainbird, Director of Corporate Services of RBS, Ed Craig, Head of Innovation & Entrepreneurship of ECCI, Stephen Howard, CEO of BITC, Maggie Philbin, CEO of Teen Tech and former presenter of Tomorrow's World, John Elkington - CEO Volans and Martin Chilcott, CEO 2degrees.
Garry Moore says: "Installing Propelair in RBS facilities is a big opportunity for us and provides a chance of further projects with the bank."
Three years ago RBS set a target to reduce the bank's energy and water consumption by 15% and it is on track to achieve this. RBS currently uses 1173 GWh of energy per year and it is initiatives such as the gateway that will help to further reduce consumption.
For further information on the RBS Innovation Gateway:
21st November 2014