'Fuel the Future' Startup Challenge Launches to Encourage Clean Energy Innovation Across the Globe

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SparkLabs Clean Energy and SparkLabs Group Hosts a New Clean Energy Innovation Challenge for Startups Worldwide

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“Clean energy will power the world within the next 30 years. The faster we can build and move toward this future, the better off we'll all be. I'm really looking forward to being a part of something pushing this agenda forward," explained Jessica Jackley, Co-founder of Kiva.org.

SparkLabs Clean Energy and SparkLabs Group (http://www.sparklabsgroup.com) is hosting a new clean energy startup challenge for any startup in the world. This would include any seed to Series B stage startup or nonprofit organization in the clean and sustainable energy space. The online applications opened on February 1, 2021 and interested entities can go to http://www.FuelTheFuture.co to apply.

Prof Subodh Mhaisalkar, Governing Board Member at the EcoLabs Centre of Innovation for Energy, which is supporting SparkLabs Clean Energy Accelerator and hosted by Nanyang Technological University, Singapore (NTU Singapore), said: “The ‘Fuel the Future’ Startup Challenge will increase the variety of potential start-ups, encouraging its participants to think out of the box when tackling global energy problems. This helps ensure that the best ideas and solutions are developed. The goals of the competition are also well aligned with NTU EcoLab’s aim of nurturing start ups to innovate, grow and thrive in the competitive energy sector.”

Companies are allowed to apply until February 19th, 2021 and winners will be announced on March 8, 2021. The grand prize winner will receive entry to SparkLabs Clean Energy’s first batch and an investment up to $150,000. Additionally, they will be given the opportunity to present at SparkLabs Korea’s demo day event, which is the largest accelerator demo day in the world with over 3,000 attendees who gather in-person in Seoul.

The “Fuel the Future” challenge will focus on these key aspects of the clean energy sector: carbon reduction, renewable energy, energy efficiency, energy storage, and transportation. There will also be additional recognition for entities from emerging markets and the nonprofit sector.

Jessica Jackley, a Partner at SparkLabs Global Ventures and Co-founder of Kiva.org, explained, “Clean energy will power the world within the next 30 years. The faster we can build and move toward this future, the better off we'll all be. I'm really looking forward to being a part of something pushing this agenda forward.”

About SparkLabs Clean Energy
SparkLabs Clean Energy is a Singapore-based energy efficiency, circular economy, and carbon neutrality ecosystem accelerator that invests globally. This is a part of the SparkLabs Group, which is a network of startup accelerators and venture capital funds, and in partnership with the Ecolabs Centre of Innovation for Energy. They bring together start-ups and innovation with corporates, regulators, and industry organizations that make up a technology ecosystem to accelerate carbon neutrality and energy efficiency.

About SparkLabs Group
SparkLabs Group is a network of startup accelerators and venture capital funds that has invested in over 300 startups across 6 continents since 2013. SparkLabs Korea is the leading accelerator in South Korea along with SparkLabs Taipei in Taiwan and SparkLabs Cultiv8 in Australia respectively. SparkLabs Global Ventures is an early-stage fund that primarily invests in the U.S., SparkLabs Ventures is an early-stage for South Korea and SE Asia, and SparkLabs Global Capital is a late-stage vehicle. For more information, please visit http://www.sparklabsgroup.com

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