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  1. MHG Systems
10 February 2011

MHG as Finalist in Nordic Cleantech Competition

MHG’s global bioenergy specific solution is among the top 25 finalists in this year’s Nordic Cleantech Open Competition.

Nordic Cleantech Open recently announced the top 25 finalists of this year’s competition. The top 25 have a few traits in common:

  • They are all targeting big international markets
  • They were founded relatively recently
  • They have the potential to make a real positive change for the environment

The top 25 were selected by a jury of 32 individuals, a lot of whom are very experienced investors and industrials, and other people with insights in cleantech markets. The jury were instructed to evaluate the growth potential of the companies based on three things: the innovation, the market opportunity and the team of the companies. In total, 80 solutions were submitted to the competition.

Jury member Michael Lauridsen comments: “I have invested in this field over a number of years and I was surprised by the high quality of incoming applications. The potential of many of these start-ups is clearly very large.”

Nordic Cleantech Open is organised in cooperation of the following parties: Cleantech Scandinavia, Venture Cup Denmark, Innovit Iceland, Nordic Innovation Centre, Tekes – the Finnish Funding Agency for Technology and Innovation, Cleantech Finland, Erhvervs- og Byggestyrelsen, Finnish Cleantech Cluster, Swentec, Swedish Agency for Economic and Regional Growth, University of Iceland, Venture Cup Sweden, Statkraft, Investinor, Innovation Norway and Iceland Innovation Center.

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