SolarX Startup Challenge 2024 at Invest India aims to discover implementable, cost-effective, scalable, and innovative solutions to some of the most persistent challenges faced by the solar energy sector.
Eligibility Criteria For SolarX Startup challenge 2024 at Invest India:
Operation Duration: Must be a maximum of 10 years – calculated from incorporation date until public nominations open
Revenue: Participant must be generating monthly revenue from operations
Innovation: Should have a minimum viable product and/or service explicitly related to innovation
Problem Statements:
- Develop scalable and sustainable off-grid solar solutions (Solar Home Systems (SHS), Mini-Grids, Solar Microgrids) to address energy poverty in remote and underserved areas across APAC countries
- Develop scalable models to boost cost competitiveness in solar applications for logistics, manufacturing, and supply chain. By optimizing energy-intensive production processes, solar-transportation vehicles, and Solar powered smart logistics systems.
- Development of innovative, space-efficient solar technology, essential to address the challenge of limited land availability in densely populated/land deficient countries
- Development of circular economy in solar for recycling end-of-life solar panels, reducing electronic waste, and ensuring responsible disposal.
- Develop AI, IoT, GPS-based SaaS tools to enhance manufacturing, deployment, and integration of solar energy for eg. land mapping, 3D modelling, project monitoring, tools.
- Innovate manufacturing for sustainable, efficient materials, to enhance energy output, cost reduction and improved efficiency in solar equipment, such as high-efficiency inverters, ACDBs, DCDBs, and other components.
- Technical or business model innovations to reduce cost of grid integration, optimizing energy distribution of rooftop solar, utility-scale solar, energy storage solutions to address intermittency issues associated with solar power generation.
- Implementing solar-powered technologies such as high-efficiency DC pumps with smart controllers for water pumping, purification, and irrigation to promote sustainable water management in various regions
- Promoting the development and adoption of solar-powered solutions for innovative business models for emerging use cases such as E-Mobility, green Hydrogen, AgriPv, transportation, solar-charging infrastructure for electric vehicles, etc
- Other Areas of Solar Application with on-ground applications
Incentives:
- Cash grant worth USD 15,000 each for 20 startups
- Acceleration support
Timeline For SolarX Startup challenge 2024 at Invest India:
- December 2023: Announcement of the challenge at COP 28, Dubai
- 22 January 2024: Call for Applications
- Jan-Mar 2024: Capacity building exercise of local
- 31 March 2024: Closure of applications
- April-June: Evaluation of Applications by committee
- July 2024: Declaration of winners
- August-October: Acceleration programs for winners
- November: Award ceremony and conclusion
About Organisers:
- International Solar Alliance (ISA):
- The International Solar Alliance (ISA) is an action-oriented, member-driven, collaborative platform for increased deployment of solar energy technologies as a means for bringing energy access, ensuring energy security, and driving energy transition in its member countries.
- The ISA was conceived as a joint effort by India and France to mobilize efforts against climate change through the deployment of solar energy solutions.
- Invest India:
- Invest India is the National Investment Promotion and Facilitation Agency of India with experience in delivering projects of national and international importance.
- These projects aim to drive the socio-economic development of the target section. Invest India has been assisting the Government of India as a program monitoring unit since its inception hence the targeted outcome has never been profit- making rather larger socio-economic well-being is paramount.
Contact Us:
- Connect with us at [email protected]
IMPORTANT NOTE: There are no hidden fees to apply for this job opening. So any candidate who is eligible can directly apply.
