This collaboration is in line with F1’s commitment to achieving net zero carbon emissions by 2030 as part of its sustainability strategy.These include the introduction of 100% sustainable fuels by 2026 and innovations in transportation and logistics that will improve emissions reductions.
Invitation to the Santander X Global Challenge | The countdown to zero will open until September 8 at www.santanderx.com and both startups and startups can submit their projects related to one of these three categories:
- ‘On the road’For those who wish to submit projects related to the future of sustainable mobility with zero emissions.
- ‘moves’: For those who provide solutions that increase environmental sustainability in the field of logistics and transportation, whether by land, sea or air.
- Balance to zero: To generate innovative alternatives to offset the carbon footprint.
“Santander X helps thousands of entrepreneurs develop their ideas faster,” said Juan Manuel Sendoya, Director of Communications, Corporate Marketing and Studies at Grupo Santander. This agreement with Formula 1 takes this support to a new level, creating opportunities for companies to join forces with one of the world’s most innovative sports and support the transition to a low carbon economy. We are pleased with this program and wish all the entrepreneurs every success.”
For Javier Rogla, Global Director of Santander Universities, “Green transformation is the most pressing challenge we face in which innovation and the fabric of entrepreneurship play a very important role. At Santander, we have maintained our unwavering commitment to entrepreneurship for 25 years. In the past year, we have supported more of 23,000 startups, micro-entrepreneurs, and SMEs to get training and connect them to the resources they need.”
Brandon Snow, Formula 1: Commercial Director, said: “As Formula 1 continues its journey to reach net-zero carbon emissions by 2030, it is great to collaborate again with Santander, who has a long-standing relationship with the sport. This challenge, and we have it more broadly, celebrates It makes sport so special through technology and innovation as we strive to create a more sustainable world.”
The participating projects will go through different evaluation processes until they reach the final stage in which the top 20 solutions, 10 startups and 10 companies will compete.who will present their initiatives in October before an international jury made up of experts from various sectors, including a member of F1.
finally, The six winning projects will be selected, which will receive prizes worth 120 thousand euros: €30,000 for the three winning startups (€10,000 each) and €90,000 for the top three startups (€30,000 each). Each will have access to the Santander X 100, an exclusive global entrepreneurial community for the most prominent Santander X projects, which connects them to the resources they need to grow, including: advice and training, capital, clients, talent, networking and other valuable sources.
The winners will present their solutions to Formula 1 managers and will receive Formula 1 support in promoting their solutions, both on the official social networks and on the official website www.formula1.com.