Progams in Design and Innovation Grad Eban Bayer Wins $700,000
Progams in Design and Innovation Grad Eban Bayer Wins $700,000Date posted: 2008-05-22 12:47:00
FUNGI IDEA WINS € 500,000--Amsterdam, 25 September 2008 - With a revolutionary building material Eben Bayer has won this year's PICNIC Green Challenge, the international creative competition of the Dutch Postcode Lottery and cross-media event PICNIC. Lodewijk Asscher, Amsterdam's Deputy Mayor presented the € 500,000 ($700,000) prize to the 23 year old American. His invention is about insulation material that consists of biological waste material treated with special fungus. The prize money will enable him to bring it onto the market by 2010. "With his insulation material Greensulate Bayer shows the power of combining creativity, sustainability and entrepreneurship in the fight against climate change. This is what the PICNIC Green Challenge is all about," Asscher said.