Creation of a start-up ecosystem to foster entrepreneurship, technological innovation and employment creation is a top priority for the Andhra Pradesh government which has drawn up ambitious plans including setting up more than 5000 startups, over 100 incubators and accelerators and necessary infrastructure, forging partnerships and mobilizing 150M USD in venture capital by 2019. Recently, the state also committed to create a ~16M USD fund for early stage ventures.
Given this context, Andhra Pradesh is interested in innovative technology solutions that can help the state transform its vision into reality and is hosting a pitch competition to:
Understand upcoming trends and technologies in the energy sectors from a global perspective
Identify cutting-edge innovations that can be embedded in Andhra Pradesh from among a global array of ventures
Provide a pathway to scale and impact for energy-preneurs looking to make outsized impact
We invite applications for the Pitch Competition from innovative startups, social enterprises, and not-for-profits who can capitalize on their innovations and stand a chance to sign MoUs with the AP state government for further support and implementation of their solutions, secure seed funding, growth capital or grants, network with leading voices in the energy sector, get international visibility and also help the state government shape its energy agenda and policy.
We are looking for innovative, technological solutions under the following five themes
The right mix of power sources to develop a forward-looking energy strategy
- Distributed generations