Sri Lankans ace SolarX Startup Challenge of Invest India and International Solar Alliance

Consular Affairs
By Editor_1

COLOMBO – Sri Lanka notched the highest number of winners at the SolarX Startup Challenge (Asia-Pacific Chapter) launched at COP 28 by the International Solar Alliance in collaboration with Invest India.

Aimed at identifying and fostering innovative solutions in the solar energy sector, the Challenge identified the top 20 startups from across Asia-Pacific.  Four of them were from Sri Lanka, and the rest were from Australia, Papua New Guinea, UAE, Saudi Arabia, and several other countries.

The start-ups were introduced to the Challenge at a workshop organized by the High Commission of India earlier this year, in partnership with Invest India and the International Solar Alliance.

The winners from Sri Lanka were awarded grants of US$ 15,000 each, alongside acceleration support encompassing mentorship, investor connections, and market access opportunities.

The startups are:

– Bio Lanka Exports (Pvt) Ltd. which offers eco-friendly, solar-powered container homes, minimizing material use and construction waste for residential and commercial needs;

-Magicbit Pvt. Ltd. which  provides an open-source, real-time monitoring and analytics platform for solar energy, integrating IoT, cloud, and AI technologies for high scalability and real-time visibility;

-Syntax Genie (Pvt) Ltd. whose AI-driven platform optimizes solar mini-grid management, addressing energy poverty in remote Asia-Pacific areas with scalable and sustainable solutions; and

-Bluechip Technologies Asia, leveraging AI, IoT, GPS, and drone technology to optimize solar project deployment across the entire lifecycle, ensuring efficient site selection and planning.

Invest India is set to hold the second round of the SolarX Startup Challenge workshop in Colombo on Thursday (12). The Physical Acceleration Workshop will be a capacity-building event to further empower startups in the renewable energy sector with mentorship sessions, interactive discussions, and pitching opportunities. It will also feature field visits to solar and renewable energy facilities in Sri Lanka, providing startups with hands-on exposure to the local ecosystem.

-ENCL

Editor_1
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