Business Ideas, Innovation, News

India’s energy entrepreneurs

Make the Future India

India’s energy entrepreneurs

Shell launched its E4 programme in India to help start-ups accelerate the transition into a lower-carbon future. Four participants tell Inside Energy about their ideas and the pressing energy challenge they hope to solve.

By Soh Chin Ong on Jul 12, 2019

Raj Saxena

The spaceman
Ashtesh Kumar, 25
Co-founder, Manastu Space

Manastu Space wants to develop safe and sustainable propulsion systems for rockets and satellites.

“As a child I would watch space flights from the Indian Space Research Organisation (ISRO) on TV. I remember being in complete awe of Kalpana Chawla, who was India’s first female astronaut.

Later, while studying mechanical engineering at the Indian Institute of Technology Bombay, I met Tushar Jadhav, a senior student who was leading a team to launch a satellite. I joined this project which was being funded by the university as well as the ISRO.

Tushar and I worked well together. We shared a dream to democratise space and make it accessible to all. Many of earth’s problems can be solved from space.

For example, satellites can be used to provide Internet access for the 3 billion people who currently don’t have it. Satellites can also be used as early warning systems for natural disasters like tsunamis or cyclones.

We formed Manastu Space to fulfil our vision. Our first task is to develop a satellite engine powered by a fuel that will make launching affordable, energy-efficient and safe. In time, we hope to scale the engine up to fit a rocket.

Most rocket fuel is currently made up of highly toxic and carcinogenic substances like hydrazine.Our fuel is made with hydrogen peroxide and alcohol – chemicals safe enough to be found in the house.

This fuel is 25% more energy efficient. It can also be broken down to release water, oxygen and heat – essential to sustain life.

This means it could be used in future to land people on Mars. Not necessarily to live there, but to discover solutions for earth.

Our dreams may be in space. But we are grounded by our desire to solve earth’s many problems.

I might not get to become an astronaut. But I can certainly help develop the ecosystem for the astronauts of the future.”

Raj Saxena

The changemaker
Suruchi Rao, 33
Co-founder, Ossus Biorenewables

Ossus Biorenewables attempts to harness energy from industrial waste water, sewage and contaminated water.

“I decided to start my company after a chance encounter in Mumbai with a civil servant.

He told me about a sugarcane farmer whose family had been making alcohol from sugarcane molasses for generations. That was until the authorities shut down his distillery and fined him heavily for dumping contaminated wastewater into an open stream.

The farmer had no idea why he had been fined or where the waste water had gone. He had been paying a man periodically to get rid of it.

That story made me realise people do not understand the value in waste water.

Less than 0.3% of the world’s water is returned to its source. We rely heavily on rain, assuming our water supply will be refilled constantly. When there is a drought, we never ask if there is a way to use water in a sustainable manner.

I had just completed my PhD in bioprocess technology at the Institute of Chemical Technology in Mumbai where I worked on a project converting crop waste to biofuel.

I was inspired, therefore, to develop a technology focused on waste water.

In this technology, microorganisms consume the organic matter and generate electrons, producing reconstituted clean water and biohydrogen, as a source of power. Metals are also extracted from the waste water.

Communities and industries end up with clean water, as well as metals and biohydrogen – a sustainable, carbon-negative and high-density energy carrier – which they can sell.

Things have been moving fast in the last two years since I started. My parents have been very supportive.

My mother, who is a lawyer, is co-founder of the company. She takes care of the business, while I take care of the tech. It’s been a winning formula so far.”

Raj Saxena

The digital connector
Raj Saxena, 39
Founder, LogisticsNow

LogisticsNow provides digital data that helps businesses transport their goods more cheaply and efficiently. 

“I was born in Delhi. My father was a senior executive at Indian Railways and we lived in eight different states in India. My childhood memories are of trains and trucks and cargo.

I also spent seven years in the USA, first at university, and then working for an American IT company helping clients manage technology and supply chain matters.

During that time, while visiting India, I saw that the logistics ecosystem was completely different from that in the USA.

Companies lack access to accurate data that helps them decide how and when to move goods, through data such as weather patterns and traffic conditions.

I saw problems but also opportunities. So I moved back home.

I travelled from Punjab in the north to Kerala in the south. I talked to truck drivers, factory owners and logistics companies.

In many places, I saw fruit and vegetables strewn on both sides of the road. But, a few hours away, I would see trucks parked up idle. The drivers would have been sitting around for days with nothing to do, not earning any money.

This happens because the farmers and drivers have to rely on middlemen when they do not have access to real-time accurate information.

That made me realise, in some cases, poverty isn’t necessarily caused by people not having food or work. It happens because systems are not fair and equitable.

Across most sectors, companies face similar issues. They lack useful information to make good business decisions. These experiences eventually inspired me to start my company.

Logistics should be something people take for granted, the way you assume flicking on a switch will give you electricity and turning on a tap will give you running water.

I know we can make a difference, not only in India, but around the world.”

Raj Saxena

The problem solver
Daniel Raj David, 24
Co-founder, Detect Technologies

Detect Technologies develops drones and sensors to monitor leaks and corrosion in pipes and other large infrastructure.

“When I was a kid, physics was my favourite subject. I loved Newton’s Three Laws of Motion, which says each action has an equal and opposite reaction. I could see those rules being applied in everyday cause-and-effect situations.

I find meaning in solving real problems. Sure, I want to make the world a better place. But there is no point in having a dream or vision if it doesn’t address a real market problem.

That is how Detect Technologies was formed. My three co-founders and I were studying at the Indian Institute of Technology Madras.

We realised the country’s oil and gas industry had no safe and cost-effective technology to monitor pipe leaks.

Damage assessment is mainly be done manually by humans and it normally takes three to four days just to assemble scaffolding for the workers. After the work is done, the scaffolding is dismantled and thrown away.

We wanted to fix this. With the help of our professor and a team of some 20 students, we started work on a sensor that could operate at high temperatures.

That work would eventually lead to our first innovation, a Guided Ultrasonic Monitoring Pipeline System, or GUMPS. We launched it in 2013 and since then, some around 80% of the energy companies in India have signed up with us, as have many others in the steel, chemical and fertiliser industries.

We are only three years old, but we already have around 100 employees in our offices in Chennai, Mumbai and Gujarat. In the last three years, I have travelled across India, as well as to Europe, Canada and Malaysia exploring new business opportunities and markets.

We are achieving only 10% of what we are ultimately capable of. And it takes a long time to build a legacy.”

 

https://www.shell.com/inside-energy/india-energy-entrepreneurs-e4-bangalore.html

Innovation, News

Imagine Cup – Dream it, Build it, Live it!

 

Applications for the 2020 #ImagineCup are now open! Microsoft’s #ImagineCup empowers the next generation of #compsci students to team up and use their creativity, passion, and knowledge.

Select teams will travel across the globe to compete in regional finals in Singapore, Amsterdam, and Mexico City to pitch their projects live, courtesy of Microsoft! Use your passion for coding to make a difference through creativity, collaboration, and competition– and win some awesome prizes along the way! Learn more and apply: https://bit.ly/2A1hGXf

Networking, News, Resources

Opportunities at SelectUSA

What is SelectUSA?

Established in 2011, SelectUSA, is the primary US federal government program to facilitate job-creating business investments in the United States. SelectUSA helps international companies already located in the United States or planning to enter the United States.

Visit: www.selectusa.gov for more information.

Registration is open for the sixth SelectUSA Investment Summit in the Washington, DC area on June 10-12, 2019. This is a unique opportunity to be a part of a delegation led by Ambassador Kenneth Juster and to meet with representatives from 50 states in one location.

See attached SelectUSA investment summit flyer, enclosed, and visit www.selectusasummit.us for more information.

2019 Investment Summit Flyer_CSMumbai

Marketing, News, Resources

Export Ready Women Entrepreneurs Delegation to the United Kingdom

SheTrades Global 2018

World’s Largest Women’s Business Network

Export Ready Women Entrepreneurs Delegation to the United Kingdom

June 26 – 28, 2018: Liverpool, United Kingdom

Greetings from FICCI!

International Trade Centre (ITC) is a Joint agency of the World Trade Organization and the United Nations. ITC assists small and medium-sized enterprises in developing and transition economies to become more competitive in global markets. Women’s economic empowerment is not a matter for government policy, the private sector, or civil society alone. All have critical roles to play. This is why the International Trade Centre (ITC) has launched the SheTrades initiative, which seeks to connect one million women entrepreneurs to market by 2020. Having more women in the marketplace has a positive impact businesses in all sectors and the women themselves who benefit from a larger workforce, more competition, and as a result more choices between better products.  In fact, the McKinsey Global Institute estimates that advancing women’s equality could add US $28 trillion to global GDP by 2025, enabling economies to unlock their full potential –and SheTrades is the key.

SheTrades Global is the premier global business event to connect with export ready Women Entrepreneurs, Buyers, Investors and Partners. With a strong focus on business generation, investment and innovation, SheTrades Global is an opportunity of a lifetime to do business, get inspired, network and create new alliances with women entrepreneurs from around the world.

 

As the world’s leading event connecting women entrepreneurs to buyers, investors and other partners, SheTrades Global will be featured at the 2018 International Business Festival, which is a major global festival of trade and investment held every two years in Liverpool. The Festival attracts industry leaders, international delegations and companies from across the world looking to expand their trade footprint.

 

The 2018 edition of SheTrades Global will highlight four sectors – Beauty and Wellness, IT and Business-process outsourcing, Textiles and Apparel and Tourism.

 

More than 600 companies are expected to be represented at SheTrades Global 2018. Previous editions of the event have generated more than US$ 80 million worth of commercial transaction agreements and led to thousands of business contacts.

 

To take this global initiative forward, ITC has partnered with FICCI to mobilize export ready Women Entrepreneurs from India to participate in She Trades Liverpool 2018 Business Event.

We are inviting all the Women Entrepreneurs from the Sectors Like:  Beauty & Wellness, IT & BPO, Textile & Apparel and Tourism to participate in this unique event at Liverpool to explore the business opportunities in export, import and Investment.

Interested Entrepreneurs may send us the “Expression of Interest” by sending us the filled Registration Proforma by email latest by
5th March 2018.

Looking forward your confirmation at the earliest.

With best regards,

Samrat Soo

Additional Director  – Business to Business Services

Federation of Indian Chambers of Commerce and Industry ( FICCI)

 

Industry’s Voice for Policy Change

Federation House, 1, Tansen Marg, New Delhi 110001, INDIA

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Calendar, Motivations, Networking, News, Technology

Invitation for Startup-Launchpad: Melange 2018

Greetings from Pathfinder-The Entrepreneurship Cell,K.J.SIMSR!

K J Somaiya Institute of Management Studies and Research proudly presents Melange 2018 – The Annual Flagship Management-Cultural-Sports Event. The 16th edition of Melange promises to be bigger and better with more on offer to our Partners and Associates. Melange is set to happen on

9th and 10th February, 2018 and this year’s theme is Tech It Up’ which revolves around Technology Enabled Businesses. We want to embrace the fact that businesses are becoming increasingly ‘tech-ed up’. The economy loves them and so do we!

Startup Launchpad 2018

Melange ’18 is proud to announce the ‘Start-Up Launchpad’ which will be a platform for all budding start-ups and entrepreneurs to showcase their ideas and stand a chance to interact with venture capitalists on 10th February 2018. In a ‘Shark Tank’ inspired business pitch competition, start-ups and their business plans would be judged by investors-cum-business experts. The participants stand a chance to win cash prizes worth 50 thousand rupees.

Through the Launchpad, we are offering our own value addition to the very precious startup ecosystem. By bringing closer budding entrepreneurs, investors and evaluators alike and stakeholders of the ecosystem, we are doing our small bit to nurture this growing community.

Hence, we would love to invite you, being an investor yourself and a precious part of the startup world to come and be a part of our event Startup Launchpad and have a look at the budding entrepreneurs. We are having over 35-40 startups from the tech world, who are at their nascent stage. All of them unique in their own ways, they bring along a mix of some of the best ideas in the tech world.

But as it’s said that every Arjun needs his Dronacharya, most of these startups would need support. So do come for our event, being the Drona yourself and network with these brilliant startups. Who knows you might as well end up finding your arjun and hit the bird’s eye!

DATE: 10th February 2018

TIMINGS: 10:30 am – 06:00 pm

VENUE: K J Somaiya Institute of Management Studies and Research, Vidyavihar(E), Mumbai-400077

RSVP NOW

Hope to see you at MELANGE’18!

Regards,
Vikas Rai
PGDM-International Business |2017-2019|
| Member- Pathfinder-The Entrepreneurship Cell | Member- Women’s Development Cell |
https://www.linkedin.com/in/vikasrai94/
Mob. No.: 8291015901 / 7838730312

K.J. Somaiya Institute of Management Studies and Research (SIMSR)
Mumbai, India

Business Ideas, Calendar, Finance, News, Startups

National Entrepreneurship Awards Scheme (NEAS)

MoSDE has recently announced the Second Call for Application for  National Entrepreneurship Awards Scheme (NEAS)’2017.

The Application window is open from 28th July’17 to 15th Sept’17.

About the Award

 

National Entrepreneurship Awards Scheme (NEAS) has been instituted by the Ministry of Skill Development and Entrepreneurship (MoSDE) to encourage a culture of entrepreneurship across the country.

These premier awards seek to recognise and honour entrepreneurs and entrepreneurship ecosystem builders for their outstanding efforts.

 

There are two tracks under this scheme of awards

 

  1. Award Track  –To honor exceptional entrepreneurs from various sectors.
  • Award money of INR 5 lakh each to the enterprise + Trophy and Certificate
  • A total of 17 Awards under various categories are covered  under Award Track.
  1. Recognition Track –Institutions and Mentors engaged in Entrepreneurship Development
  • Award money of INR 10 lakh each (organisations/institutes) and INR 5 lakh (mentor)  + Trophy and Certificate
  • A total of 6 Awards covered  under Recognition track

 

For more details visit www.neas.gov.in

‘National Entrepreneurship Awards’ Scheme

The National Entrepreneurship Awards have been instituted by the Ministry of Skill Development and Entrepreneurship (MoSDE) to encourage a culture of entrepreneurship across the country. These premier awards seek to recognise and honour entrepreneurs and entrepreneurship ecosystem builders for their outstanding efforts in the field of entrepreneurship development. The Awards also seek to highlight models of excellence for others to emulate and improve upon.

The Call for Application is now open from 28.07.2017- 15.09.2017. Applications should be filled online on www.neas.gov.in.  Also, visit this website for further details.

Regards,

Vandana Vyas

Manager Outreach

Society for Innovation & Entrepreneurship(SINE),IIT Bombay

3rd Floor CSRE Building,IIT Bombay,Powai,Mumbai,IN 400 076

Email: vandana@sineiitb.org

Tel: +91 22 2572 1197

Mob: 9819225007