SEaB Energy Scoops £22k Prize Money From Winning The We Own It Summit

28 June 2013 | London | Press Release

High-Tech Gruenderfonds, Telefonica and Wayra, Telefonica’s Accelerator Win The Tipping Point Awards

SEaB Energy were crowned the winners for the first annual Global Pitch Competition, presented by Astia and The NextWomen at the We Own It Summit in London yesterday and secured a cash prize of 22,000 GBP from sponsors Technology Strategy Board, Microsoft and Astia Angels.

The We Own It Summit also held a ceremony last night to announce the winners of The Tipping Point Awards, recognising European firms with the greatest number of investment in women-led companies according to Dow Jones VentureSource for 2012.

The winners of The Tipping Point Awards were:

• Venture Capital firm: High-Tech Gruenderfonds Management GmbH
• Corporate Venture: Telefonica Ventures and Wayra, the accelerator of Telefonica

SEaB impressed the Pitch Competition judges, gathered from across the investment community, with its patented, automated micro anaerobic digestion systems, converting organic waste into energy on site. The technology has already been implemented here in the UK in a brewery, a hotel chain, a bakery and an equestrian facility.

CEO of Astia, Sharon Vosmek commented: “We had 100 women-led start-ups submit entries to this first Global Pitch Competition, which is a fantastic milestone itself. However it’s not just the number of start-ups we had in the process but the sheer quality that shone through every step of the way, branching across energy, security, medical and internet sectors to name a few, culminating in five amazing finalists.”

Vosmek continued: “SEaB Energy impressed the judges throughout the different criteria, from the concept, the implementation, the impact it could have on society and corporates and the amazing potential this business has over the coming years. We’re also extremely proud to have recognised the work High-Tech Gruenderfond Management GmbH and Telefonica Digital has done with Wayra, investing in women-led start-ups over the last year.”

Sandra Sassow, CEO of SEaB Energy commented: We are thrilled to ne part of this amazing group of women, driving entrepreneurship in hight-growth industries. The bar was set extremely high and so we’re humbled to have won. Naturally we’d like to thank the Astia Angel network as well as Technology Strategy Board, Microsoft and Duet Partners for providing the prizes Winning this prestigious competition will certainly help us spread the word and enable us to elevate our market awareness.”

SEaB were one of the companies that went on the Clean and Cool Mission to San Francisco in 2012. The Mission, organised by the Technology Strategy Board and UKTI, took a number of the UK’s most innovative, young companies to the USA to make new connections and meet potential collaborators and customers.

The number of women starting new companies is growing and yet less than 5% of VC funding is invested in women-led companies. Women’s participation in business and MBA programs has grown more than five-fold since the 1970’s and yet women account for only 6 percent of high income earners in the Fortune 500 and only 16.6% of their boards.

Simone Brummelhuis, Founder at The NextWomen: “Female entrepreneurs need access to capital and the appropriate networks to achieve their high growth aspirations. With the Global Pitch Competition, we have been able to increase the visibility of five exceptional women founders towards the investor eco-system, which – we know- increases their possibility of successful funding rounds.”

Now in its fourth year and in London for the second time, the We Own It Summit took place on June 27thand 28th convened visionaries, thought-leaders, idea generators, game-changers and disrupters to identify paths of success for women high-growth entrepreneurs.

The We Own It Summit is hosted by convening organization Astia and sponsored by Platinum Sponsor Thomson Reuter, Silver Sponsor Dentons; and Bronze Sponsor Bloomberg. The WeOwn It Summit Global Pitch Competition is presented by Astia and The NextWomen and sponsored by Gold Sponsor Technology Strategy Board and Microsoft, along with Astia Angel and Partner Sponsors Gust, Startup Weekend and Startup America. Media Partners of the We Own It Summit are The NextWomen and FieldHouse Associates and the Hotel Partner is Grange St. Paul’s Hotel.

ENDS

The We Own It Collaboration:
The We Own It Collaboration includes: 85 Broads, ACTiVATE, The Alliance of Women Entrepreneurs, Angellab, Astia (Founding Member), Astia Angel, Bailey Fisher Executive Search, Bateau Ventures, BioLauncher Ltd., Center for Entrepreneurial Studies at Stanford University, The Center for Women’s Entrepreneurial Leadership at Babson College, Delta Economics, Enterprising Women, Entrepreneur Weekend, Ewing Marion Kauffman Foundation (Founding Member), FYSE, Girls in Tech, Global Invest Her, Golden Seeds, Illuminate Ventures, Imperial College Business School, Inforum Center for Leadership, IOME Group, Lucas Point Ventures, Maryland Center for Entrepreneurship, Mutual Benefits, NACUE, National Center for Women & Information Technology (NCWIT), PSDNetwork LLC, Simmons College, Slalom Consulting, Societal Organisation for Feminine Impact & Achievement (SOFIA Foundation), Springboard Enterprises, Springworks, Startup America Partnership, Startup Weekend, The Clayman Institute for Gender Research at Stanford University, The NextWomen, The Story Exchange, Tier One Partners, Train 2000, U.S. Black Chamber, Inc., Women 2.0, Women 4 Technology, Women on Boards, UK, Women Presidents’ Organization. About Astia (Convening Organization of 2013 We Own It Summit)

Astia is a global not-for-profit organization with a distinct focus and mission – to propel women’s full participation as entrepreneurs and leaders in high-growth businesses, fueling innovation and driving economic growth. Guided by a proven philosophy that gender diversity is an essential element of innovation, Astia works with startups around the world as they access capital, grow their businesses, and hone the leadership skills of their founding teams.

The Astia model of engaging a community of over 4,000 experts to the benefit of the select startups it serves has resulted in an exceptional success rate: since 2003, over 60 percent of companies that have participated in the Astia Investor Forums have secured funding or achieved an exit within one year of presenting, totalling more than $1 billion raised and 29 exits, including two IPOs. Headquartered in San Francisco, Astia delivers programs for entrepreneurs in Silicon Valley, New York, London and India. Astia is generously supported by the following sponsors: The Ewing Marion Kauffman Foundation, The Three Guineas Fund, Fenwick & West, Dentons, Silicon Valley Bank, Moss Adams, Microsoft, SAP, Lowenstein Sandler, Cisco, AOL, Wells Fargo, The Althea Foundation, Gust, SalesForce, ideaSpace, Andreessen Horowitz, Prolog Ventures, Golden Seeds, Illuminate Ventures, Alloy Ventures, Opus Capital, AOL Ventures, SAP Ventures, Asset Management, StarVest Partners as well as the generous support of individual donors. For more information, visit www.astia.org and follow the organization on http://www.linkedin.com/company/astia and http://www.facebook.com/astiaglobal and https://twitter.com/astiaglobal

About The Next Women

TheNextWomen.com (http://www.thenextwomen.com) is an international online magazine, cross-media business development platform about women in business reaching more than 100.000 women leading, investing or founding start-ups and growing businesses in the US, UK, India and Europe. Since 2009 and across Europe it has been organizing numerous Pitch events benefitting more than 2000 women-led companies to gain contacts with and advice & funding from investors, experts and experienced entrepreneurs with excellent results. The Pitch events have been nominated and shortlisted by the European Training Foundation as best practice training for access to capital for female entrepreneurs. TheNextWomen is supported by Dell, Microsoft, ABNAmro, the Ministry of Economic Affairs of the Netherlands, Orrick law offices, XS4All, and many more. Membership to The Next Women is possible for non-paying and paying subscribers, dependent on the information and services required. Via http://www.thenextwomen.com, all social media channels are available.