On November 15th, the team of Sparcio won the final round of the business plan competition. With the cash prize of €10,000 provided by the Limburg University Fund (SWOL), the winners will be able to put their business concept, concerning a revolutionary water saving product, into action.
Team members Laurent Estourgie (Strategy & Innovation, UM alum) and Kai Löffler (Student Business Economics & Emerging Markets at UM) introduce a water saving nozzle that saves 93% drinking water without changing your hand washing habits. The nozzle can easily be installed as an add-on to nearly all faucets in the world. Sparcio hereby contributes to global and sustainable development goals, in a world facing increasing water stress. It offers organisations, schools and venues the opportunity to significantly reduce their water bills, take sustainable actions and benefit from an interesting return on investment.
The €10.000 enables them to start producing their product, now that prototypes have successfully been tested and after the first positive customer trials. Also they will have the resources to further connect to potential customers. For more information check out their website www.sparcio.com or follow them on social media.
As an initiative of the Limburg University Fund (SWOL) and the Centre for Entrepreneurship, the business plan competition encourages business-minded students to realise their ambitions, preferably in the Limburg region. This was the fifth time that the Local Hero Award was presented. Initiatives like MC4E and LaunchBase have made a manifest contribution to the stimulation, support and advancement of enterprising students.
During the competition the teams, and especially the four finalists – CrowdPow, Uni-vation, Spartan Athletics and SlimBox – received feedback and advice from the expert jury consisting of (alumni) entrepreneurs. They encouraged the teams to pursue their entrepreneurial ambitions and further improve their business concepts.