Top 10 OTP Banka Generator Zero Carbon Footprint Reduction Projects Selected

Photo: OTP Bank

Hemp bioplastics production system, mobile application for prevention and reducing household food waste, self-sustainable greenhouses or biotic material as a substitute for styrofoam are just some of the innovative solutions that have entered the finals of OTP Bank’s Generator Zero competition. This year, as many as 72 unique projects have been received, all contributing to the reduction of carbon footprints, whereas ten selected finalists will compete for the winning project title.

The most creative competitors will present their solutions in the great final and the winner will be awarded a two million dinars prize, as well as the support of OTP Bank in the further implementation and promotion of the project. Solutions for collecting and recycling cigarette butts, monitoring and management vehicles system, a bicycle application, a solution for reducing food waste, a project for manual paper manufacturing, as well as an electrical-work platform for farmers will all compete for the main prize.

Support will be provided to this year’s finalists through all communication channels of the Bank, as well as through media promotion and promotional material in the form of videos and photos, whereas the winner may expect to receive two million dinars, as well as valuable prizes from this year’s partners which certain finalists we also receive. Further, the bank will enable the presentation of the project at the OTP Lab innovation hub of the parent OTP Group, present in 11 countries in Europe, as well as in the Portfolio Investment Fund.

Partners who recognized the importance of this year’s Generator ZERO, and whose representatives are members of the jury, besides representatives of OTP Bank, include: ICT Hub, Mastercard, Serbia Innovates, Digital Serbia Initiative, Bosch, Belgrade Open School, Netokracija, Schneider Electric, Bosch, OTP Lab and Portfolio Investment Fund. OTP Banka is the largest corporate and retail creditor and a market leader in factoring, leasing and e-commerce services. It focuses on innovation and digitalization of its business, which provides customers with new benefits with focus on improving digital banking and user experience. Green transition and commitment to sustainable business and environmental projects is one of the key strategic directions.

The presence of OTP Bank in 91 cities with 184 branches allows clients across Serbia to have access to a wide range of products and services, an efficient offer tailored to their specific needs, and to a network of almost 300 ATMs – the country’s largest. Let us recall that Generator is a perennial project of OTP Bank dedicated to all entrepreneurs and innovators who want to contribute with their ideas and projects to on current topics during times marked by digitalization. The project has been running since 2017 and has so far supported innovative entrepreneurial ideas, students with entrepreneurial innovation, it helped SMEs transform digitally, and rewarded those entrepreneurs who helped micro, small and medium enterprises overcome the crisis caused by the COVID-19 pandemic. According to the United Nations, it would be necessary to reduce the carbon footprint by 45 percent by 2030, in order to limit global warming to 1.5 degrees Celsius.

Read the story in the new issue of the Energy portal Magazine ELECTROMOBILITY.