Eight teams with innovated ideas on sustainable energy solutions are now in the ‘cohort phase’ of the Impact Hub Fellowship Program on Sustainable Energy Solutions.
With 16 teams vying for a pot in the cohort phase, these entrepreneurs were chosen by a jury panel through their pitches for sustainable energy solutions. The Pitch day on August 6 at KMC Solutions in Uptown Tower in Fort Bonifacio brought together some of the most innovative ideas on energy.
The eight teams selected to be a part of the cohort phase included; Cleverheat which aims to provide heat-driven refrigeration and air – conditioning system to cut electric consumptions and reduce costs; RE Analytics with highly accurate energy forecasts through machine learning and superior climate analytics.
Meanwhile, kinetic wind sculptures that produce electricity were pitched by Juan Generators; water hyacinth and agricultural waste converted into cooking energy like briquettes were established by HiGi Energy; while Solar Sari – Sari Store provides solar energy station or facilities focused on empowering local communities.
Another group, Kitchen Energy for Island Communities, has provided a home biogas system used to decompose kitchen wastes to provide energy for cooking and fertilizers as by – products. Bike Mike Bike pitched bicycles that convert rotary motion into electrical energy.
“With the teams now proceeding to the cohort stage, we look forward to their outputs for the Fellowship,” said first Mobility Fellowship winner Matthew Cua, who served as one of the judges.
“As an incubator and the goal bringing entrepreneurs further, it is inspiring to see all the applicants get better in such a short period of time,” said LizAn Kuster, co-founder of Impact Hub Manila.
The winning teams will undergo a kick program, a boot camp that include topics on business model canvas, customer delivery and targeting, business strategy and lean methodology with a daily schedule, exercises and full online/flipped educational course access.
“Through the cohort stage, the teams will be guided on building the business aspect of their enterprise and at the same time this allows us to determine which teams deserve the seed funding the most,” said executive director of the Peace & Equity Foundation Robert Calingo.
P2.5 million worth of fellowship prizes await the winning teams, including the business training in the cohort stage. The rest includes P1.5 million seed funding, training, mentorship, access to Impact Hub Manila’s flexible work spaces and valuable network.
A six week training await the teams where they further refine their business models in preparation for the final pitching day in which two to three ideas will be awarded as Impact Hub Fellows.
The final pitch day is set on October 6. Winners will go through what they call “incubation phase” on November 2016 to April next year where fellows will undergo training that will harness their investment and scaling skills.
