With the aim to promote innovation in energy sector, Tata Trusts Foundation for Innovation and Social Entrepreneurship (FISE), which supports technology-based solutions has announced the “Social Alpha Energy Challenge” to find impactful innovations that could catalyse system change in the field of energy, said a statement.
“With a focus on cleantech, sustainability and energy efficiency, the Social Alpha Energy Challenge aims to discover next-gen technology innovations that promise to unlock new solutions to India's energy challenges or make existing energy networks smarter, cleaner and more affordable,” said Tata Trusts.
Under this completion, Tata Trusts is inviting entries from startups across various stages of the energy lifecycle – generation, transmission and distribution, storage, and consumption, in multiple sectors such as households, farm, industry, infrastructure, building, utility and transport.
According to Tata Trusts, the winners will be assessed on select parameters such as the nature of the innovation, business viability, environmental sustainability, social impact, and scalability potential. The winners will form the first cohort of enterprises for Tata Smart Energy Incubation Centre (TSEIC), an incubator and start up accelerator being built in partnership between Tata Power Delhi Distribution Limited and Tata Trusts.
A maximum of 10 winners will be selected to receive complete incubation support that will include: 6-18 months of access to the upcoming Tata Smart Energy Incubation Centre in New Delhi; go-to-market (GTM) support; and mentorship by experts, specialists, and sector leaders.
“Two years back we created FISE as a key component of our Social Alpha architecture with a charter to catalyse innovation and entrepreneurship for impact. Tata Trusts' continued commitment to sustainability and climate challenges has sharpened our focus further on creating a pipeline of high impact cleantech solutions that address the challenges of affordable energy access in complete convergence with our livelihoods and sustainability initiatives at the grassroots level. TSEIC is our dedicated incubation centre with a charter to solve various riddles of energy challenges using state of the art technology infrastructure and domain expertise,” said Manoj Kumar, Head of Innovation, Tata Trusts and CEO, Social Alpha.
The last date to submit applications is 7 April, 2018.