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FEB 13 2018

Tata Trusts launches energy innovation challenge

  • Economic Times, ET Bureau / Hyderabad
  • Created: Tue 13th FEB 2018

 

Mumbai-based Tata Trusts’s Foundation for Innovation and Social Entrepreneurship (FISE) has announced the “Social Alpha Energy Challenge” to find high-impact innovations that could catalyze system change in the field of energy.

In a first-of-its-kind nationwide search, 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.

Entries are invited from innovators across various stages of the energy life-cycle—generation, transmission and distribution, storage and consumption—in multiple sectors such as households, farm, industry, infrastructure, building, utility and transport.

The winners will be assessed on select parameters such as the breakthrough nature of the innovation, business viability, environmental sustainability, social impact and scalability potential.

The winners of the Energy Challenge will form the first cohort of enterprises for Tata Smart Energy Incubation Centre (TSEIC), an incubator and startup accelerator being built in partnership between Tata Power Delhi Distribution Ltd and Tata Trusts.

According to Praveer Sinha, chief executive officer and managing director, Tata Power Delhi Distribution: “Tata Smart Energy Incubation Centre aims to bring innovation, domain and business expertise across the entire energy value chain to support scalable and sustainable solutions that helps to create new opportunities and nurtures societal value. TSEIC will facilitate the vision to support and provide an ecosystem for the startup enterprises working to provide cost-effective solutions. I believe the TSEIC will go a long way for the development of innovative and cost-effective technologies in India.”

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, access to state-of-the-art lab facilities and world class infrastructure and mentorship by experts, specialists and sector leaders.

Manoj Kumar, head of innovation, Tata Trusts, and CEO of Social Alpha, said: “Tata Trusts’ continued commitment to sustainability and climate challenges has sharpened our focus further on creating a pipeline of high-impact clean tech 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.”

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Delhi Energy Mumbai Power Tata Power India TATA

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