Launch of Global Energy Challenge "Advancing Change-Energy for India’s Poor"- a prize for business actions to address energy access. HEDON is partnering ennovent, an international social venture capital firm, in promoting this event.
Advancing Change: Energy for India's Poor
You can now follow the Challenge live on Twitter, become a fan on Facebook and join discussions on the newly launched Innovations for Sustainability blog.
Help us in the search for the best for-profit solutions from India and elsewhere that can meet some of the critical energy needs of India’s poor. ennovent will invest up to USD 500,000 in the winning enterprise. And the Connector who nominates the winning company also wins USD 3,000.
Submit your energy solution or nominate an enterprise at www.ennovent.com
For more information, please contact us at: office at ennovent.com.
Your support now will impact millions of lives in the future.
Inadequate access to energy is part of the poverty trap for the majority of India’s poor. Like anyone else, they need energy for example for cooking, lighting, domestic heating, or power for appliances. Dirty and unsafe energy sources such as kerosene and firewood lead to health hazards and take time away from productive livelihood activities. Earning around USD 3.- or less a day (local PPP), poor people in most cases cannot afford clean and safe sources of energy. Despite massive investment by the Government of India in expanding access to electricity, many communities are still in need of services, especially those in remote areas. The private sector is already playing a key role in helping the government meet its goal to ensure energy for all. Investments into innovations - products, services, processes, and business models - are needed to bring clean, safe and affordable energy services to the Indian BoP market.
ennovent's mission is to promote entrepreneurs who advance innovations for sustainability at the base of the economic pyramid. This competition is part of our activities to achieve this mission.
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