Market Overview

The Endowment for Clean Oceans (ECO) Announces Its World-Wide $1 Million & $5 Million Contests for Solutions to Remove Micro and Macro Plastics from the Ocean


The design of the Endowment
for Clean Oceans
(ECO) $1 million contest has been finalized, and we
will be making a series of announcements about who will be selected as
the judges for our contests to find a sustainable, globally-deployable
technology to remove micro and macro plastics from the world's oceans.
The contest will accept submissions from around the world.

Given the interest from potential contestants, ECO is making the
following changes to the $1 million contest for technology or a plan to
remove micro and macro pieces of plastic from the ocean.

There will be three submission categories:

  • Corporations & Universities
  • "Garage" Inventors
  • Elementary / Secondary Students

The $1 million prize will go to the Corporation and University winner.
The "garage inventor" will win a significant investment in his company
and technology. The prize for the elementary and secondary student
category will be a full scholarship to a school of their choice.

"We must deploy technology to remove micro and macro pieces of plastic
from the world's oceans on global scale," said Daniel Perrin, ECO's

ECO's second contest, to find an economically viable replacement for
plastic, is equally important. The winner of that contest will receive a
$5 million prize. "We need to prevent new plastic from going into the
world's oceans as well as take the plastic already polluting our oceans
out," said Perrin. "It's essential, it really can't wait."

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