ABB Electrification’s Startup Challenge in collaboration with Microsoft and SynerLeap is scouting for startups. Applications are now being accepted with three winners set to each receive $30,000 for project development.
With renewed global focus on emission reduction and energy efficiency, the competition theme for ABB Electrification’s 2021 Startup Challenge – Speeding up Sustainability – is focused on uncovering the world’s smartest thinkers to address how commercial buildings and industrial power applications can tap into disruptive technologies to enable a low-carbon society.
Cutting-edge startups looking to shape the future needs of society through the creation of safe, smart and sustainable solutions are being invited to participate in the global competition that will leverage ABB’s product offering using technologies such as machine learning, AI and blockchain.
Tarak Mehta, President of ABB Electrification said: “With many global economies setting net zero emissions targets, the need for action on climate change is becoming ever more urgent. Our 2030 sustainability strategy is focused on enabling a low-carbon society and working collaboratively to ensure sustainable practices throughout our value chain. As such, to help meet the climate challenge, innovation and uncovering talent in the startup community will be vital to drive change.”
In collaboration with Microsoft and ABB’s global innovation growth hub, SynerLeap, the competition will seek out and select shortlisted startups who are able to deliver scalable solutions across three main categories: Smart Buildings, Smart Power and Distribution Solutions. Each category has defined criteria and will look at how data mining, automation and other applications can be used to optimize the digital future of commercial buildings, improve power consumption through greater visibility and apply digitalization to upgrade safety solutions and maintenance.
