"Winning the VCC allows us to accelerate our progress to enable a fully Net Zero future using nature’s best practices." Thomas Allen Co-founder of WaveX Wave energy could fix this problem, but previous attempts to harness the motion of the waves for power have been too unreliable and expensive. However, current renewable energy options such as wind and solar do not provide energy regularly enough to provide a stable supply of power. Moving away from fossil fuels is a necessary step in the transition to a sustainable zero pollution world. Professor Francisco Veloso, Dean of Imperial College Business School.Sara Murray OBE, the founder of the financial comparison website and founder of Buddi, a personal tracking device for the elderly and vulnerable.Insiya Jafferjee, a former VCC winner and CEO of Shellworks, a leading biotech startup developing sustainable products.The winner of each track was awarded £10,000 and advanced to the Grand Final to compete for the additional £20,000 top prize. This year's competition saw 25 of the most innovative teams take part in a series of workshops, 1-to-1 coaching and meetings with experts to help them develop their ideas in five subject tracks - AI & Robotics, Creative & Consumer, Digital & Finance, Energy & Environment and Health & Wellbeing. WaveX took home a total prize of £30,000 after competing against four other startups in the VCC Grand Final. Now in its tenth year, the Venture Catalyst Challenge (VCC) is the College’s largest entrepreneurial competition for students and alumni, providing support for innovators to develop their ideas for commercialisation. The startup was founded by Mechanical Engineering graduate Thomas Allen, Environmental g raduate Will Evans, PhD student Jacob Francis, alongside Clement Puech and Olivier Bourdin. WaveX won the Venture Catalyst Challenge 2023 for developing an innovative solution for making wave energy more reliable and less expensive. A startup developing wave energy converters that can be embedded under the seabed has been named as one of Imperial’s most promising new businesses.
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