Schneider Electric invites applications for Energy Challenge 2019
- The Energy Challenge aims to empower innovators to turn their vision of energy management into reality
- Winners set to be announced during Innovation Summit in September
- Awards include financial prizes, internships at Schneider Electric and access to Schneider Electric Exchange
The competition aims to empower youth across Egypt to create innovative ideas to solve one of the six real-life case challenges within energy management or submit an original idea for efficient energy management in a city environment. The challenges are in the following fields: smart buildings and homes, smart energy, smart water, smart public services, smart mobility and smart industries So, #WhatsYourBoldIdea?
The program, organized in partnership with Ministry of Investment, Falak Startups, and Enara Ventures, is focused on fast-tracking innovation by providing innovators with the technical resources they need as well as access to experts and communities to launch successful ventures, all with direct support from Schneider Electric.
Schneider Electric Ventures is a firm that was created to empower innovation. It invests in incubation projects, partnerships with entrepreneurs, and specialized funds in the coming years. We use our technology, expertise, and global reach to help start-ups make their vision a reality. The fund specializes in seed; start up, early venture, mid venture, and late venture investments. The mission of this initiative is to identify, support and nurture companies and entrepreneurs whose innovations will transform the way we live and work, how we produce and consume energy, and how we run buildings and factories.
Application is open for all adults over the age of 18 including entrepreneurs, university students, lawyers, academics, engineers and freelancers.
Submissions will be evaluated based on the potential impact of the solution’s ability to increase efficiency, automation, and user experience while supporting society's rapid transition to a distributed, digitized, and decarbonized energy economy.
“Schneider Electric Energy Challenge is designed to help innovators and entrepreneurs turn their vision into reality, gain access to expert communities and make a real difference to the way we live and work,” said Walid Sheta, Regional Cluster Head of North East Africa and Levant.
Twenty applicants will be shortlisted in the first phase of the competition and then they are to be invited to pitch their solutions to a panel of judges at Innovation Summit in September. The first-place winner will be awarded a cash prize of 100,000 Egyptian pounds; the first runner-up will receive EGP 60,000 and the second runner-up EGP 40,000. Additionally, the top five winners will be granted two-week internships at Schneider Electric.
All awardees will also have the opportunity to access Schneider Electric Exchange, the world’s first cross-industry open ecosystem dedicated to solving real-world sustainability and efficiency challenges. The platform allows technology providers, startups and engineers to enrich their technology promote their expertise, collaborate with global communities and access partner resources from Schneider Electric and other service providers.
The Energy Challenge will host an online closing ceremony to celebrate the participants’ successful completion of the program and announce any partnerships made as a result of the program.
About Schneider Electric
Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries.
With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems.
We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency
We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.