Santander X Global Challenge | Circular Economy Revolution, in cooperation with the Norrsken and Oxentia foundations, is aimed at startups and scaleups in 11 countries.
The six winning projects will share EUR 120,000 in prize money, become members of the Santander X 100 global community, get access to Fintech Station (Banco Santander’s open innovation programme), and a year's membership to Norrsken in Barcelona.
Madrid, 27 March 2025.
Banco Santander launches Santander X Global Challenge | Circular Economy Revolution, a global initiative alongside the Norrsken and Oxentia foundations for startups and scaleups in 11 countries (Argentina, Brazil, Chile, Germany, Mexico, Poland, Portugal, Spain, the UK, Uruguay and the US) that provide innovative circular economy solutions. The aim of this latest challenge is to help transform the world by optimizing the use of natural resources, reducing waste generation and driving the transition to a more efficient, sustainable and environmentally friendly circular economy.
Companies that wish to take part have until 9 May to apply to Santander X. Their solutions must focus on these four areas:
According to Lucas Arangüena, Global Head of Sustainable Finance at Banco Santander, “We believe that the power of business and entrepreneurship can change the world. That’s why we want to help those who are leading the shift towards more sustainable business models to grow and build a better world for future generations”.
The 20 finalists will be announced on 23 May before an expert panel will choose the six winners, who will share EUR 120,000 in prize money: EUR 30,000 for the three winning startups (EUR 10,000 to each one) and EUR 90,000 for the three winning scaleups (EUR 30,000 to each one). They also get access to Santander X 100, an exclusive community of Santander X's most successful startups and scaleups; and Fintech Station, Banco Santander’s open innovation programme.