Three Startups Awarded by Impact Hub Manila – WWF and PEF
Makati, Philippines (October 2016) – Impact Hub Manila, one of the country’s leading innovation labs and startup incubator and accelerator, joins the energy conversation with its second fellowship program focusing on Sustainable Energy Solutions. In partnership with the World Wildlife Fund for Nature (WWF), Peace and Equity Foundation (PEF), and supported by the Asian Development Bank (ADB), Impact Hub looks for the best and most innovative ideas and business enterprises designed to address the need for sustainable energy solutions in the country today.
”Impact Hub’s fellowship program is unique in the startup incubator space as we are topic-centered. When we started this program last year, we focused on innovations in mobility and logistics in partnership with LBC Express. This year, we are looking for more large-scale impact-oriented and highly-scalable disruptive ideas geared towards finding sustainable ways of producing and consuming energy,” LizAn Kuster, one of Impact Hub’s co-founder states.
CLEVERHEAT, HIGI, AND SOLAR SARI-SARI STORE PROCLAIMED WINNERS
After receiving over fifty applications, the fellowship program ends on a high note with three startups getting the unanimous nod of the selection jury during the awarding ceremony held on October 18, 2016. These are Cleverheat, a solar-powered refrigeration system; HiGi, makers of environment-friendly briquettes for cooking; and Solar Sari-Sari Store, portable solar energy stations for lighting, water purification, mobile phone charging, and refrigeration.
Representatives from the program’s partners compose the board of judges who chose the winners, namely: Jose Angelito Palma, President and CEO of WWF-Philippines; Dr. Ria Adoracion Lambino, VP for Sustainable Production and Market Engagement of WWF-Philippines; Ferdinand “Ding” Fuellos, Senior Portfolio Officer at PEF; Coy Navarro, ADB Consultant; Michael McCullough, Managing Director of KMC Solutions; Jaime Ayala, Chairman and CEO of Solar Energy Foundation (PH); and Matt Jaeggi, Impact Hub Manila Co-Founder.
“Energy is a pressing issue not just in the Philippines, but globally. Especially after the historic Paris agreement, there is more knowledge and growing interest about climate change and clean technology. And Impact Hub is honored to be taking an active part in the discussion together with esteemed institutions like WWF, PEF, and ADB,” Kuster says.
BOOT CAMP AND INCUBATION STAGE
Prior to the announcement of winners, eight finalists went through an intensive 2-month accelerator program called Kick. Kick is the ultimate startup boot camp intended to develop business models and other necessary key entrepreneurial competencies and skills. It culminated in a final pitch day on October 6, 2016.
Only the winning enterprises move on to the next and final phase of the program – the incubator stage, as part of their fellowship prize. Apart from a substantial seed funding of Php500,000.00 each, Cleverheat, HiGi, and Solar Sari-Sari Store also get access to the collaborative co-working community of Impact Hub, facilitated introductions and connections to like-minded peers, investors, and experts on energy and entrepreneurship, and continuous training, mentoring, and coaching over the course of six months, all in the hopes of making their individual enterprises successfully thrive and impact the industry.
“At the end of this fellowship program, hopefully, we are one step closer to reaching the global climate change goals.” Kuster further adds.