Thursday Dec 12, 2024
Thursday Dec 12, 2024
Thursday, 12 December 2024 00:20 - - {{hitsCtrl.values.hits}}
Sri Lanka boasts the highest number of winners at the SolarX Startup Challenge (Asia-Pacific Chapter).
The Challenge launched at COP 28 by the International Solar Alliance in collaboration with Invest India is committed to identifying and fostering innovative solutions in the solar energy sector.
This year, the Challenge has identified top 20 startups from across Asia-Pacific, including Sri Lanka, Australia, Papua New Guinea, UAE, Saudi Arabia, and other countries.
Four of the twenty selected start-ups are from Sri Lanka. These start-ups were introduced to the Challenge in a workshop organised by High Commission of India earlier this year, in partnership with Invest India and the International Solar Alliance.
Invest India is organising the second round of the SolarX Startup Challenge workshop in Colombo on 12 December. This Physical Acceleration Workshop will be a capacity-building event to further empower startups in the renewable energy sector with mentorship sessions, interactive discussions, and pitching opportunities. It will also feature field visits to solar and renewable energy facilities in Sri Lanka, providing startups with hands-on exposure to the local ecosystem.
The following winners from Sri Lanka have been awarded grants of $ 15,000 each, alongside acceleration support encompassing mentorship, investor connections, and market access opportunities.
Bio Lanka Exports Ltd.: Bio Lanka Exports offers eco-friendly, solar-powered container homes, minimising material use and construction waste for residential and commercial needs.
Magicbit Ltd.: Magicbit provides an open-source, real-time monitoring and analytics platform for solar energy, integrating IoT, cloud, and AI technologies for high scalability and real-time visibility.
Syntax Genie Ltd.: Syntax Genie’s AI-driven platform optimises solar mini-grid management, addressing energy poverty in remote Asia-Pacific areas with scalable and sustainable solutions.
Bluechip Technologies Asia: Bluechip Technologies leverages AI, IoT, GPS, and drone technology to optimise solar project deployment across the entire lifecycle, ensuring efficient site selection and planning.
