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Advancing Change: Energy for India's Poor

Deadline extended - 31 March 2010

On popular demand, we have extended the deadline for submissions to 31st March, 2010.
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.

Competition Details

Advancing Change: Energy for India's Poor

A majority of India’s poor population has no access to affordable, let alone clean energy. Help us find in India and around the world proven, for-profit solutions that can meet some of the critical energy needs of India’s poor. ennovent will invest up to USD 500,000 to launch or scale the winning enterprise in India and is offering a reward of USD 3,000 to the nominator.

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.

www.ennovent.com.

ennovent profile

Entrepreneurs are a crucial source of innovative solutions to address some of the world’s most difficult sustainability challenges. ennovent is a for-profit enterprise established to promote entrepreneurs, who advance innovations for sustainability at the base of the economic pyramid. Building on our broad expertise and leveraging our network, ennovent discovers, incubates, finances and scales enterprises with innovations that catalyze fundamental change to sustainable development. These innovations must yield social and environmental, in addition to financial, returns. We currently focus our services on advancing innovations for rural areas in India.

Read more here