Fresh from its success in a fellowship program on innovations in mobility with leading courier and logistics company LBC, Impact Hub Manila is launching its new Fellowship Program focused on sustainable energy solutions in partnership with the World Wide Fund for Nature (WWF-Philippines) and Peace and Equity Foundation (PEF).
After the historic Paris climate agreements in November 2015, there has been a growing interest in the role of clean technology entrepreneurship and innovation including sustainable energy as an essential tool to reach climate change goals. Energy production and consumption threatens not only health and quality-of-life, but also biodiversity, ecosystems and climate change. Sustainable energy will be the driving force for reducing poverty, promoting social progress, equity, enhanced resilience, economic growth and environmental sustainability. “We believe that by supporting entrepreneurs in the energy sector, we can slow down climate change,” said PEF Chairperson Benjamin Abadiano.
PEF, WWF-Philippines together with Impact Hub Manila supports the best and most innovative ideas and business enterprises which address the need for sustainable energy solutions through the Impact Hub Fellowship Program. Dubbed as “Energy for Life,” the Impact Hub Manila Fellowship Program on sustainable energy solutions is an incubation program for startups which focus on renewable energy; energy efficiency, access to energy and off-grid solutions, energy systems plus energy consumption reduction. WWF-Philippines President & CEO Joel Palma said, “With our partners, we are excited to search for innovative ideas which are aligned with our core values and objectives.”
The Fellowship program is designed to attract, select and support impact-oriented entrepreneurs and help them realize their innovations for a more sustainable world. “Being topic focused in our delivery of fellowship programs is unique in the incubator / accelerator space and works best for us,” said Lizan Kuster, co-founder of Impact Hub Manila. Each of the two to three winning fellows or startup teams will receive seed funding of Php 500,000 and other benefits such as skills training, access to workspace and of course, the global networks of Impact Hub. “We doubled and tripled the number of fellows we will support for this year from just one startup team the last time which enables us to support more entrepreneurs,” Kuster added.
Aspiring entrepreneurs or early-stage startups are welcome to apply, though the startup teams applying must be able to register their business in the Philippines and be able to work and live in the Philippines as well. Applications will open from June 16, 2016 until July 24, 2016 on crowdicity.com, a crowdsourcing platform where teams can collaborate and further develop their ideas. Impact Hub Manila in collaboration with WWF-Philippines and PEF will conduct workshops on idea development and pitching during the application phase. The teams must submit their business plan as an entry for the Fellowship Program. Fifteen startups will be chosen to pitch in front of a panel of judges. The selected six to eight startups will participate in a six-week business training program, called the Kick Program. Two to three teams will be selected as winning fellows of the program. These fellows will be incubated for six months. At the incubation phase, fellows will register and establish their company as a legal entity and grow their company. Learn more about the competition here.