Formula 1 supports Santander’s challenge to start-ups to find next-generation sustainable solutions.


Formula 1 and Santander (Banco Santander) have joined forces to offer their shared expertise in business, innovation and sustainability to support the next generation of entrepreneurs. As part of a promotional partnership, Formula 1 will amplify the impact of the event. Santander X Global Challenge | Countdown to zero A competition that will challenge entrepreneurs to create sustainable solutions for the future.

The announcement follows F1’s reaffirmed commitment to achieve zero carbon by 2030, as part of its wider sustainability strategy, which includes the introduction of 100% sustainable fuels in 2026 and freight and logistics innovations that will improve the reduction of carbon emissions. By supporting this competition, F1 will be able to directly offer entrepreneurs support and advice based on the spearhead of sustainable innovation’s extensive in-house experience.

Sustainability is also a priority for Santander, which has invested in building a sustainable business, providing educational and financial support to the new wave of talent.

The website Countdown to zero The competition, which will be judged by a panel of F1 staff, marks the start of a partnership that will also leverage F1’s social media and digital reach, together with Santander, to promote broader sustainability initiatives.

Formula 1: Zero carbon by 2030

The six winning projects will receive prizes totaling €120,000: €30,000 for the three winning start-ups (€10,000 each) and €90,000 for the top three scale-ups (€30,000 each) – as well as access to the Santander X 100, Santander X’s global community of the best entrepreneurial projects. Winners will also have their projects promoted on F1’s social media and digital platforms.

Commenting on the partnership, Formula 1 Managing Director Brandon Snow said: « As Formula 1 continues its journey to become carbon-free by 2030, it’s great to be collaborating again with Banco Santander, who has a long-standing relationship with sport. This challenge, and our partnership more broadly, celebrates what makes sport so special through technology and innovation, as we seek to create a more sustainable world. »

Juan Manuel Cendoya, Global Head of Communications, Corporate Marketing and Research at Banco Santander, said: “Santander X helps thousands of entrepreneurs take their ideas further and faster. This agreement with Formula 1 takes that support to the next level, creating an opportunity for new companies to partner with one of the world’s most innovative sports and support the transition to a low-carbon economy. . We are delighted to be part of this program and wish all entrepreneurs the best of luck. »

Applications for the Santander X Global Challenge | Countdown to Zero will be open until Thursday, September 8, 2022. To enter and for more details on the contest, visit www.santanderx.com.

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