The Shell IdeaRefinery supports Singapore-based startups making an impact on the future of energy. Support comes in two types – the recently concluded LAUNCH-type programme supporting early-stage deep tech startups already in the energy sector, and the upcoming PIVOT-type programme that encourages established entrepreneurs not currently in the energy sector to explore alternative applications of their solutions and technology to create a positive energy impact.
Purpose: Increase the mix of energy-impact startups in Singapore.
|Value||Gain insights into the energy sector, create additional opportunities for your established startup in a new vertical.||Move from Minimum Viable Product or pilot to finding a product-market fit, and develop a viable business model and strategy for a successful launch.|
|Lifecycle||Mid-stage startups (preferably Series A raised)||Early-stage (Angel or seed funded)|
|Vertical||Startups not currently in the energy sector, but who are keen on exploring alternative applications for their products and solutions to create an energy impact||Deep tech startups already developing solutions with an energy impact.|
|Features|| || |
|Selection Criteria||Proven expertise in current core competencies, and a strong intent in finding opportunities in the energy sector. You are not required to have viable plans for the energy sector at the submission stage.||Technical viability of concept, potential of team to scale the business|
Upcoming programme type, applications open in mid-June 2018.
Compressed 2-month programme, takes place in second half of the year
Recently concluded programme type, applications open again early next year.
6-month programme, takes place in first half of the year
|A Fictional Example||HairRaising.tech uses advanced machine vision algorithms to predict your preferred next hairstyle, and recommends hairstylists best suited for you. Having raised its Series A round last month, the HairRaising.tech team is now exploring alternative applications for its machine vision technologies in the industrial or energy sector, but is unsure of the pain points and opportunities within this new vertical.||FloatSun is developing high-efficiency long range wireless power transfer solutions for floating solar panels, based on radio-frequency transmission technology spun out of a local university. Small team of six: Four engineers, one sales/business development manager, one CTO. FloatSun hopes to create a sustainable business model around its technology.|
In your ten weeks with us, your time in IdeaRefinery will include mentoring sessions, a structured curriculum, and demo day at Singapore International Energy Week.
While the Launch-type IdeaRefinery is a 6-month programme that takes place in the first half of the year, our Pivot programme is a compressed 2-month programme that takes place in second half of the year.
Our upcoming cohort is a Pivot-type IdeaRefinery.
|August||Curriculum and Mentoring to discover opportunities for your startup’s solution in the Energy sector|
Pitch your proposal for Energy Pivot by second week of September
Focused Curriculum and Mentoring to develop an implementation plan for Energy Pivot