With industry facing a range of unprecedented challenges, from rising energy costs to climate change, ABB is inviting technology startups to join its 2023 ABB Electrification Startup Challenge.
Winning startups will help create innovative technology solutions that will tackle the world’s most pressing energy challenges and secure a long-term partnership with ABB to develop, launch and scale their tech solutions.
Startups can participate in one of four electrification challenges. Firstly, revenue stream optimization software could help drive broader adoption of Battery Energy Storage Solutions, which are a key enabler of the green energy transition. The Cyber Security Assessor challenge aims to reduce cyber risks for electrical substations. Challenge three tackles creating more sustainable and user-centric Human-Building solutions to connect people with their smart homes, and the fourth challenge will enhance sustainability in Direct Current installations with a smart DC metering solution for data acquisition and monitoring. Applications close on 21 February.
“The energy sector is facing some of its biggest challenges to date, with growing demand for resilient, efficient, and sustainable power supplies. Electrification is at the heart of this clean energy transition and that’s why the ABB Startup Challenge is so important. It pairs ABB with the brightest minds in the industry to find exciting new ways to tackle key industry challenges and develop innovative solutions for a low-carbon future,” said Anton Kotov, Chief Strategy Officer of ABB Electrification.
After 10 days of intensive work alongside mentors from ABB, Microsoft and SynerLeap, three finalists will be chosen for each challenge. Each finalist will then pitch their innovations at an event in Berlin on 21 April. The winner of each challenge will then embark on a collaboration project with ABB Electrification worth $30,000 each, to jointly develop and bring their ideas to market.
Now in its fourth year, ABB Electrification Startup Challenge, in collaboration with its innovation growth hub SynerLeap and Microsoft Switzerland, combines the insights of ABB with the agile and entrepreneurial approach of tech Startups to develop outside the box thinking.
“Our Startup challenge is a brilliant opportunity for startups to develop and share their thinking and enhance their business”, added Anton Kotov. “For ABB, supporting the startup innovation ecosystem is a great way for us to share our insights, and then work together to develop new solutions. In today’s electrification and energy sector, no single player has all the capabilities to address all customer needs. Often, inspiration might come from an area you hadn’t expected.”
To take part in the 2023 ABB Electrification Startup Challenge, visit ABB Electrification Startup Challenge 2023
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