Every year, the Biomimicry Institute's Ray of Hope Prize awards $100,000 USD to an innovative startup making human activities more sustainable. The 2020 winner, ECOncrete Tech LTD., was awarded the prize for transforming the marine construction industry in ways that promote marine life regeneration. According to the Biomimicry Institute, biomimicry is "a practice that learns from and mimics the strategies found in nature to solve human design challenges —and find hope along the way."
The research and development in the biomimicry sector is focused on sustainability and lessening the impact of human activity on the planet's health and finite resources. This is reflected in the winner of this year's Ray of Hope Prize and the seven finalists that were shortlisted for their inventions.