MUMBAI: Tata Trusts’s Foundation for Innovation and Social Entrepreneurship (FISE) is launching a “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.
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 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.
Praveer Sinha, CEO & Managing Director, Tata Power Delhi Distribution Limited, said, “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.
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.
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.
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