Context

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

Conventional Power

Understanding far-reaching effects of conventional power sources and how efficiencies can be improved

  • Emission reduction from conventional power source
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  • Digitizing power plants
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Renewable Energy

The right mix of power sources to develop a forward-looking energy strategy

Grid Upgradation and DISCOM Sustainability

The grid of the future will have to be smarter, more stable and resilient to deliver continuous and quality power

Energy Efficiency

Technological advancements to make appliances and personal/collective spaces smarter

Mobility

Exploring exciting technological developments in the electric vehicles space

Why should you apply

After a rigorous evaluation, up to twelve energy-preneurs will be shortlisted to present their ideas to an eminent jury. These presentations will be held in Vijayawada from 28-29 November. Finalists will get the unique opportunity to:

Sign MoUs with governments

Finalists will have the opportunity to sign highly coveted MoUs with Government of Andhra Pradesh and its agencies (such as the New and Renewable Energy Development Corporation of Andhra Pradesh, state DISCOMs etc.) to pilot or roll-out their solutions.

Receive funding

Finalists will have a chance to secure seed funding, growth capital, or grants from leading investors and donors. There will also be several cash awards on offer in individual categories.

Support Andhra Pradesh government in preparing an energy roadmap

Finalists will also be a part of a high stakes workshop involving senior government, industry and civil society leaders to share their thoughts and experiences on pressing energy sector issues of the day and co-create with them an energy sector roadmap for the state to implement.

Network and get global recognition

Finalists will get the opportunity to hear and connect with the global energy innovation community. The summit will also be covered by leading Indian and international media houses, lending high visibility to their ventures/ organizations.

Who can apply?

To apply, participants must meet the following eligibility criteria:

  • The applicant must be a registered entity

  • The solution should map to at least one sub-theme

  • The solution should have been successfully piloted and should be beyond the proof- of-concept stage

How will we evaluate?

Applications will be evaluated by a pre-jury comprising experts, investors, and academics to decide the finalists. The evaluation criteria for the stages will be as follows:

  • Value Proposition and innovativeness

  • Scalable and sustainable model

  • Team

Key Dates

Online application opening

8 October 2018

Online application closing

9 November 2018

Pitch by finalists at the summit

05 February 2019

Announcement of winners

6 February 2019

Partners


For any query on the pitch competition, please write to us at pitch@andhraenergysummit.org