Startup making seaweed textile wins 100,000 euro in sustainability contest

New York-based AlgiKnit is one of the winning startups in the 2018 Postcode Lottery Green Challenge, the annual competition which supports starting entrepreneurs contributing to a greener world. Founded by 26 year old Tessa Callaghan, the company was awarded with 100,000 euros (approximately 116,000 US dollars or 89,000 British pounds) for having developed yarn from kelp, a type of seaweed.