(Adnkronos) – AMSTERDAM, Nov. 16, 2023 /PRNewswire/ — Built by Nature, a network and grant-making fund, has announced a global prize totalling €500,000 to recognise innovation and stimulate scalability in the use of biobased materials such as timber, bamboo, hemp, straw, algae, and fungi in construction. The built environment generates up to 40% of the world's greenhouse gases, and the increased use of sustainably sourced timber and renewable biobased materials offers a tangible, realistic solution to address climate change through decarbonisation of our cities and buildings. The Built by Nature Prize aims to identify and attract biobased construction material manufacturers and their market-ready innovations from all regions and help those producers overcome barriers to mainstream market entry. "Given the scale of urban development that is inevitable around the world over the coming decades, we simply cannot afford to build in the way we have in most of Europe for the last few hundred years. We urgently need to find innovative, renewable, low-carbon construction materials to radically reduce the embodied carbon footprint of new buildings and cities." according to Paul King, Built by Nature CEO. "Since our launch in October of 2021, Built by Nature has seen a rapid expansion of our European network to over 1,300 individuals and organisations committed to a building industry transformation and now this Prize enables us to broaden our scope and deepen our impact on a global level." Built by Nature has awarded €3.3 million in grants to date with additional co-funding of €2.2 million toward 28 projects across Europe focused on developing solutions to overcome barriers and stimulate increased uptake of biobased materials, with a focus on mass timber. To reflect the global scope of the Prize, the judging panel is comprised of leading experts from the built environment, architecture, finance, social value, and biomaterials from around the world. Dr Yasmeen Lari, Pakistan's first female architect and renowned for her leadership at the intersection of architecture and social justice, will serve as Honorary Advisor to the Built by Nature Prize. The Prize jury members are: The prize's overall winner will receive an award of €250,000 with the criteria focusing on the demonstrated potential for significant carbon emissions reduction and benefits to nature and local communities. Three runners-up prizes of €50,000 each will also be awarded based on the same criteria, with €100,000 in discretionary funds reserved for promising projects judged to be worthy of support. To qualify, proposed solutions must be composed primarily of biomaterials with primary use intended for the built environment; indicate that the product can be successfully manufactured and implemented using currently available technology, and the product/service must already be in market, whether through an early-stage pilot project or openly available. In addition to the prize money, valuable exposure and storytelling opportunities, benefits to award recipients will include introductions across Built by Nature's extensive frontrunner and partner networks for mentoring support, access to potential investors and new markets, and facilitated connections to peers facing similar challenges and opportunities around the world. By promoting public and industry awareness and education around the potential benefits and applications of the materials solutions, the winners will directly contribute to Built by Nature's vision and mission. The deadline for applications is January 25, 2024, with final winners to be announced on June 4. Interested applicants are encouraged to visit the Built by Nature Prize website for full details: https://builtbn.org/prize. About Built by Nature Built by Nature is a network and grant-making fund – backed by philanthropic funding – with a mission to accelerate the timber building transformation and a vision for a built environment that works in unison with nature. BbN supports the built environment sector's pioneering developers, architects and engineers, asset owners and managers, investors and insurers, city leaders, academics, researchers, non-profits, and policymakers in their journey to decarbonise our built environment and protect nature. The Built by Nature Fund makes grants to the teams and solutions that can increase the uptake of biobased materials and sustainable timber and improve their climate impact, overcoming the most challenging barriers. https://builtbn.org/
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