Various incubators, accelerators and investors are expected to deploy collectively more than Rs 20 Crore to accelerate clean energy innovations over 24 months to realise the goal of net-zero emissions
New Delhi, July 6th, 2021: The 17 winners of the third edition of the Social Alpha energy challenge “Techtonic – Innovations in Clean Energy”, were announced by Social Alpha today. The winning solutions include battery integrated fast-charging solution for EVs, affordable solar dryer for minimizing post-harvest losses, affordable and efficient sodium-ion batteries, and renewable-energy powered climate-controlled vertical farming system.
The top start-ups were chosen from a pool of 195 entries based on affordability, accessibility and user experience, in addition to the criteria of innovation, impact potential, problem-solution fit, scalability potential, business viability and team strength. The International Energy Agency (IEA) and Sweden-based RISE Institute also contributed to the multi-stage assessment process as knowledge partners to the program.
The diverse offerings of Techtonic are aimed at fulfilling the specific needs of the winning start-ups who are at different stages of their product-development journey. Winners in the pre-pilot category will receive physical incubation at Social Alpha-Atal Incubation Centre, set up under Atal Innovation Mission, the flagship initiative of NITI Aayog, Government of India. The customized incubation includes prototype and MVP design and development support; business model development support; mentorship from technical and business experts; and access to legal, IP, communication and branding services.
Post-pilot category winners will be incubated at Social Alpha’s Clean Energy International Incubation Centre, an initiative supported by the Department of Biotechnology, Government of India, BIRAC, Tata trusts, and Tata Power group. They will receive support in product design, testing and development, GTM and market access, and get international collaboration opportunities through Mission Innovation, a global initiative working to accelerate clean energy innovations.
Selected start-ups from both the incubation labs will also receive full spectrum venture development and scale-up support from Social Alpha, which may include techno-commercial pilot support by Tata Power’s Pilot Accelerator of up to Rs 25L per start-up, scale-up support of up to Rs 50 lakhs per start-up by Social Alpha’s SDG-7 accelerator and Sustain Plus Foundation, and seed funding of up to Rs 1 crore per start-up by Social Alpha. Besides this, a number of corporations and investors are expected to join the support ecosystem as the programme progresses. Various incubators, accelerators and investors participating in the programme are expected to deploy collectively more than Rs 20 Crore over a period of 24 months.
Speaking about the winning solutions, Manoj Kumar, Founder and CEO of Social Alpha said, “Climate change will impact food, human health, environment and all the other things crucial to the existence of life in this planet. Our planet needs transformative strategies to advance rapidly scalable clean energy solutions. Like the previous years, the winners of the latest edition of Social Alpha energy challenge offer hope that high potential innovations can drive climate action towards a sustainable future. Social Alpha is already working with 20 start-ups that collectively have the potential to avoid more than 200 megatonnes of CO2 equivalent emissions every year by 2030 as evaluated by by RISE Institutes, Sweden.”
List of 17 winning start-ups under pre-pilot and post-pilot categories:
Enhanced Innovations is developing Phloton, a smart, active cooling vaccine carrier system
Raheja Solar Food Processing has developed an affordable solar dryer for minimizing post-harvest losses
Steamax Envicore provides efficient biomass combustion system for small-scale food industry’s heating needs
Hydrogreens Agri Solutions provides a renewable-energy powered climate-controlled vertical farming system
MachPhy Solutions provides an energy efficient hybrid cooling system with phase change materials and nanomaterials
Orora provides solar-powered modular mini-grid solution with configurable options for off-grid energy applications
Rechargion Energy has developed a plug-and-play Li-S battery
Godi India has developed next-generation advanced lithium-ion batteries and supercapacitors
Aloe eCell has developed eco-friendly and non-hazardous aloe vera-based battery
Valerio Electric has developed smart charging sockets for electric vehicles
Vidhyutalaya Energy Storage Systems is developing affordable and efficient sodium-ion batteries
MOJO Green has developed a mobile, battery integrated fast-charging solution for EVs
Apeiro Energy has developed iWind – smart vertical axis wind turbine
Aerostrovilos Energy has developed ultra-low emission micro gas turbine-based power generation using biofuels
Thumbi Labs has developed Triazu, a simulation platform that models energy-use
Evergen has developed a software platform that optimises battery storage and orchestrates fleets of batteries for network operators and electricity retailers
Wenergie Ecoworks provides Quark, a series of smart solar-to-battery interfacing devices
About Social Alpha:
Social Alpha is a multistage innovation curation and venture development platform for science and technology start-ups that address the most critical social, economic and environmental challenges through the power of entrepreneurship and market-creating innovations. Since its inception in 2016, Social Alpha has supported more 150 start-ups including 40+ seed investments. For more information, please visit www.socialalpha.org.