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Finance & Economics

Amazon Launchpad Innovation Awards launched today

Mar 04, 2021

Amazon aims to support emerging brands

Amazon awards

Amazon Launchpad Innovation Awards launched today. Source: pexels.com

Amazon has launched the first edition of the Amazon Launchpad Innovation Awards, Ecommerce News report.

That’s a European competition designed to support innovative startups. According to information, the best company will win the ‘Startup of the year’ prize of €100,000.

Until the 28th of March, startups registered in the EU (the UK and Switzerland included) that sell physical products to consumers can enter the competition.

A judging panel will then select the 5 most innovative startups from a shortlist of 15 finalists. Each finalist will win a €10,000 grant, free access to Amazon Launchpad for 1 year, and several marketing placements. The ultimate winner will receive an additional €90,000.

Innovation is part of our culture. We continue to invent on behalf of customers, but we’re also the destination for innovative new products from small businesses
Xavier Flamand, Director EU Seller Services

We’ve reported that Acquirer of Amazon businesses grew European commitment to $500 million.

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