Starter Business Acceleration announces the ten startups selected for the Latin America module of the electric sector acceleration program | EDP Brasil

Starter Business Acceleration, a global business acceleration program with startups that offer solutions applicable to the energy sector, selected ten startups to participate in the Latin America module. Created by EDP, a company that operates throughout the electricity sector chain, the program received a record 820 applications from 74 countries, with Brazil one of the countries with the highest number of applications.

The selected companies are Atlas Power, Energy Source, GreenAnt, IndustryCare, Plataforma Verde, Nuveo Technologies, eConciliador (Brazil), Inti-Tech (Chile), PDP - Tech and Chakratec (Israel). The module will take place digitally between 06/30 and 07/02, where companies will be able to present their projects to the executives of guests at the event and discuss forms of collaboration aimed at the adoption of new technologies. The startups selected for the Latin America module, join 20 other startups that will participate in the Europe and North America modules during the month of July.

The thirty startups that continue in the dispute will present their solutions to the companies of the EDP Group, which has an installed capacity of 27GW, 74% of which come from clean energy (wind, solar and water), and 12 million customers, in addition to two other partner utilities that make up the program: Verbund, Austria's largest electricity supplier; and Turning Tables, an innovation company of the Spanish group Cuerva.

The ten projects with the greatest potential will later be selected to participate in the world final and the winner will be announced, in November in Portugal, during the Web Summit, guaranteeing a prize of 50 thousand euros.

Participating startups offer solutions aligned with the priority business areas for utilities: clean energy, customer-focused solutions, digital innovation, energy storage, smart grids, innovation in internal processes and impact innovation.

“The Brazilian startup ecosystem has been growing in size and quality in recent years. This edition of the program reflects the maturity and interest of the companies participating in the Latin American market, as well as the increasingly natural synergy with the energy sector. The Starter program represents the opportunity for collaboration between startups and Utilities in order to accelerate new business models and process optimization through the adoption of new technologies in the company's value chain. ”, Highlights Livia Brando, Head of Innovation and Ventures at EDP Brasil.

Selected Startups

Atlas Power - developed a solution that uses the recycling of electric vehicle batteries for application in energy storage systems - www.linkedin.com/company/atlaspowerbms

Chakratec - developed a technology that allows the installation of ultra-fast electric vehicle chargers without the need for a robust supply network through energy storage. chakratec.com

eConciliador - solution that automates the resolution of conflicts and disputes online, supporting legal teams in dealing with large volumes of lawsuits, as well as debt collection - www.econciliador.com.br

Energy Source - developed a solution focused on the use of lithium ion batteries for both recycling and reuse for efficient energy storage. - www.energysource.com.br

GreenAnt - complete energy efficiency solution that includes smart meters, online consumption monitoring platform and artificial intelligence applied to consumption management - www.greenant.com.br

IndustryCare - artificial intelligence solution applied to 4.0 industry through real-time monitoring of the behavior and performance of equipment and processes, assists in the identification of inefficiencies and guidance for Energy Efficiency projects - www.industrycare.com.br

Inti-Tech - designs, manufactures and operates its own robot used to provide autonomous daily cleaning for different size solar photovoltaic plants - www.inti-tech.com

Nuveo Technologies - digital transformation solution based on artificial intelligence applied to images and data - www.nuveo.ai

PDP-Tech - has developed an IoT technology that monitors the conditions of crucial high/medium voltage electrical equipment and predicts their life expectancy through non-contact sensing and partial discharge event analysis - www.pdp-tech.com

PlataformaVerde - blockchain-based technology solution applicable to environmental management, tracking of the production and logistics chain - Plataformaverde.com.br

In the last edition, Starter attracted around 500 startups and selected a total of 30, coming from 13 countries, to work directly with EDP and the program's partner utilities. This resulted in a pipeline of 50 pilot projects and 10 potential investments.

Innovation Ecosystem

Created in May 2018, EDP Ventures Brasil is the first investment conduit of the Brazilian electric sector, with R$ 30 million in resources to be used for startups operating in six verticals: renewable energy, smart grids, energy storage, digital innovation (blockchain, IoT, big data, virtual reality), customer-focused solutions and cross-cutting areas (legal techs, fintechs, hrtechs). Interested parties can access the website www.edpventures.vc for further details.

The startups Dom Rock, Delfos and Fractal Engenharia e Sistemas have already received investments in Brazil. Since 2008, EDP Group's Venture Capital conduit s have invested 33 million euros globally in 27 startups, which together employ more than 750 employees and have more than 100 million euros of revenue per year.

About EDP in Brazil

With over 20 years of experience, EDP is one of the largest private companies in the electricity sector operating throughout the value chain. The Company, which has over 10,000 direct and outsourced employees, operates in Transmission, Trading and Energy Services and has six hydroelectric generation units and one thermal power station. In Distribution, it serves about 3.5 million customers in São Paulo and Espírito Santo, in addition to being the main shareholder of Celesc, in Santa Catarina. In Brazil, it is a reference in areas such as Innovation, Governance and Sustainability, having been in the B3´s Corporate Sustainability Index (ISE) for 14 consecutive years.