Tata Trusts Launches the First Nationwide Hunt for Innovators and Entrepreneurs
Mumbai, Maharashtra, India In a first-of-its-kind nationwide search, Tata Trusts' Foundation for Innovation and Social Entrepreneurship (FISE) – which supports technology-based solutions for social impact through their lab-to-market journey – 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, Tata Trusts’ Foundation for Innovation and Social Entrepreneurship (FISE) – which supports technology-based solutions for social impact through their lab-to-market journey – has announced the “Social Alpha Energy Challenge” to find high impact innovations that could catalyze system change in the field of energy.
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. In this ambitious hunt, the Challenge is inviting entries from innovators 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.
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 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
Access to state-of-the-art lab facilities and world class-infrastructure
Access to test beds on the ground for trials and field testing
Strategy and go-to-market (GTM) support
Mentorship by experts, specialists, and sector leaders
Gateway to a diverse and large investor ecosystem
Manoj Kumar, Head of Innovation, Tata Trusts and CEO, SocialAlpha, said, “Two years back we created FISE as a key component of our SocialAlpha architecture with a charter to catalyse innovation and entrepreneurshipfor impact. Tata Trusts’ continued commitment to sustainability and climatechallenges has sharpened our focus further on creating a pipeline of highimpact cleantech solutions that address the challenges of affordable energyaccess in complete convergence with our livelihoods and sustainabilityinitiatives at the grassroots level. TSEIC is our dedicated incubation centrewith a charter to solve various riddles of energy challenges using state of theart technology infrastructure and domain expertise.”
Praveer Sinha, CEO & Managing Director, Tata Power DelhiDistribution Limited, said, “Tata Smart Energy Incubation Centre aims to bringinnovation, domain and business expertise across the entire energy value chainto support scalable and sustainable solutions that helps to create newopportunities and nurtures societal value. T-SEIC will facilitate the vision tosupport and provide ecosystem for the start-up enterprises working to providecost effective solutions. I believe, the TSEIC will go a long way for thedevelopment of Innovative and Cost Effective Technologies in India.”
The last date to submit applications is 7 April, 2018.Entrants for the energy challenge can register here: http://socialalphachallenge.org/energy