A new paradigm that allows infinite growth with finite resources
As we mentioned in our Consumer Trends Report, the Circular Economy is one of the trends that will be taking over the conversations. Don’t know much about it? Let’s do an overview of the basics of Circular Economy!
Why Do We Need Circular Economy?
The linear economy is not sustainable anymore, as we are currently experiencing:
Resources depletion: Over the last four decades, the global use of materials almost tripled, from 26.7 billion tonnes in 1970 to 92.1 billion tonnes in 2017.2 Not only has material use been increasing, but it has also been accelerating and is forecast to grow to between 170 and 184 billion tonnes by 2050.1
Waste production: “Throwaway culture” has been having an impact on our planet, especially our oceans. In 2016 alone, the world generated 242 million tonnes of plastic waste – equivalent to about 24 trillion plastic bottles – and that is just 12% of the total waste generated each year2.
Global Warming: Climate change and material use are closely linked: around 62% of global greenhouse gas emissions (excluding those from land use and forestry) is released during the extraction, processing, and manufacturing of goods to serve society’s needs1.
Demographic Explosion: In August 2018, the total population of the world exceeded 7.63 billion people, and this number is continuing to grow each day, driven by the economic growth of emerging countries.
What is the Circular Economy?
A circular economy is an economic system aimed at minimizing waste and making the most of resources. This regenerative approach is in contrast to the traditional linear economy, which has a ‘take, make, dispose’ model of production.
The Circular Economy is all about business – economy has always been about how we manage scarcity and resources efficiently. In this sense, we should look into the earth’s resources as finite and design structure to be sustainable, share resources and re-use everything: design everything integrated into a bigger circle and closing the loop for every piece of material produced.
Restorative by design
The Circular Economy is restorative by design: it aims to keep products, components and materials at their highest utility and value, at all times. It’s about maximizing efficiency in all aspects – it’s pure economy.
Even though this system is compatible with environmental causes, it doesn’t really dwell on guilt. It’s about innovation and integrating everything into a bigger purpose: individual action is nice, but cooperation downstream and upstream can really leverage the power of small changes.
Businesses don’t have to choose between profits and doing good for the world – because if they do it right, they’ll be doing both.
What is driving CE?
Regulation: The United Nations Sustainable Development Goals (SDGs) and the Paris Agreement, are just two examples of regulations that will push forward innovation and working in the circular economy.
Eco Trends: Consumers’ are more connected than ever to causes and to brands who support their convictions (we talked about this in our Consumer Trends Report), so businesses will be increasing efforts to diminish their footprint.
Business Opportunity: The world economy is only 9% circular. Filling the circularity gap redefines markets and creates tremendous business opportunities. It is estimated that $1.8 trillion is the worth of wealth that could be created by unleashing circularity.
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SOLshare came into Free Electrons programme with a bold mission: to create networks, share solar electricity & eliminate poverty. And they actually proved they can do it – that’s how they became the winners of a $200.000 prize of Free Electrons World’s Best Energy Startup 2018.
Who is SOLshare
A Bangladeshi social enterprise founded by Sebastien Groh in November 2015, it is now a diverse group of people working from Bangladesh, Bogotá and Berlin, to change the way people consume and pay for energy around the globe.
SOLshare Team – image by SOLshare
What does SOLshare do
SOLshare is bringing sustainable, affordable energy access for low-income rural people Bangladesh. Their decentralized peer-to-peer microgrids deliver solar power to households and businesses and enable them to trade their (excess) electricity for profit.
The SOLbox
How are they doing it? Well, they created a peer-to-peer energy trading platform on blockchain technology.
Bangladesh, where more 10 million people are cut off from the electric power system, was already investing in domestic solar panels called Solar Home System (SHS). SOLshare created the SOLbox – a bi-directional DC electricity meter that enables peer-to-peer electricity trading, smart grid management, remote monitoring, mobile money payment and data analytics.
Through the Solbox, consumers can choose whether they wish to be a buyer of energy or a seller (if they have a solar panel installed), and even sell energy to homes that do not have a solar panel system installed.
By connecting several SHS to each other as well as to homes without electricity, the nano-grid can provide a consistent energy network for an entire village.
The plug-and-play nature of the technology allows the grid to grow dynamically from the ‘bottom-up’ as more users can dynamically connect over time.
The data is stored in the network and the digital platform integrates mobile money infrastructure for remote payment (payments are processed through a phone application via credit or debit) and lockout and provides data analytics and grid management services.
SOLshare’s journey through Free Electrons
Coming into Free Electrons, SOLshare had a lot to offer: with their nano-grids, they could provide to utilities certainty, with their distributed billing they were able to offer controlled systems, and also could provide distributed storage. By partnering up with global utilities, SOLshare had a chance to pilot their products in a long-reaching plan.
They didn’t waste any time partnering up and worked on pilots with both Innogy and Tepco, for a donation platform (Energy SOLidarity Token), where a donor can choose individual users or a predefined group of users (like a village) to donate energy to.
By the end phase of Free Electrons, SOLshare had raised a $1.66M A-series round of investment from utilities EDP and Innogy, and IIX (Impact Investment Exchange).
SOLshare wins Free Electrons World’s Best Energy Startup 2018
Leaving an impact
The peer-to-peer solar grids are changing lives in Bangladesh. They are reaching out to isolated, poor communities in Bangladesh and empowering them to upgrade their lives with the use of power in agricultural and day-to-day tasks and even turning them into business people by providing energy to their neighbors.
SOLshare pioneers a micro-energy transition model 3.0 by interconnecting solar home systems in peer-to-peer networks, monetizing excess solar energy along the value chain in real time with mobile money and empowering communities to earn a direct income from the sun.
They are opening up a path that can be used by utilities globally and the future of clean energy.
First Bangladeshi Startup to make it in the 2019 Global Cleantech 100
In its 10th edition, The Global Cleantech 100 is an annual guide to the leading companies and themes in sustainable innovation. It features the private, independent, for-profit companies best positioned to solve tomorrow’s clean technology challenges. SOLshare made it into the list, proving once again it is one of the most innovative and promising ideas in cleantech and that it’s best positioned to solve tomorrow’s clean technology challenges.
Join the Free Electrons community
If you too have a project that could change the energy industry, apply to Free Electrons – the leading global energy startup accelerator is looking for the brightest startups in the Energy scene to partner up with global utilities in accelerating change in this industry.
The Lisbon Investment Summit, also known as #LIS, will be back on 6th and 7th of June to our sunny city. The surprisingly informal and slightly unexpected startup conference will bring together the best startups and investors. Here are the top reasons why you don’t wanna miss it!
1. #nobullshit
This is the event’s motto and the main reason why you don’t wanna miss #LIS. This is not an event that appeals to vanity, there’s no fancy clothes, intro or awards – it aims for real content and people with valuable knowledge in their fields.
As Aptoide said: “#LIS is an environment where things happen. During lunch, we casually met a potential investor that ended up leading our Series A round of investment. This was a crucial milestone that ultimately helped us to reach over 3 billion downloads and over 140 million users.”
2. People
Lisbon Investment Summit is an event with a perfect mix of people: the most daring startups, seasoned and savvy investors and most innovative corporate executives. This makes for unique conversations and an open and collaborative mindset. At every corner you’ll have the chance to meet someone inspiring and innovative, and who knows? Maybe they’ll be your next business partner, or better yet, a friend.
3. Startup Pitch Competition
If you’re a startup, you’ll want to apply to the startup pitch competition. Even though the event has an investor-packed crowd, on the competition you’ll have undivided attention, and pitch next to the best and most innovative startups in the scene.
You’re eligible for the competition by purchasing startup tickets to attend – hurry up and get an early bird Founder 2×1 ticket – and filling out a form.
If you’re an investor, here’s the place to see all the up-and-coming startups in the same place.
4. Environment
Ask anyone who has attended previous editions – Lisbon Investment Summit has one of the best floors out there. It’s completely informal, and conversations (and business deals) just flow organically. The event prides itself on being a place where investors don’t hide their badges, and that’s because of the open and collaborative environment created by every person there. You don’t attend #LIS, you are part of #LIS.
5. City of Lisbon
Dinner with strangers in a trendy restaurant? Networking on a boat across the Tagus river with a view of the city? Hell, yeah! Part of the reason Lisbon Investment Summit has such a cool ambiance it’s because of its amazing backdrop: the lively and welcoming city of Lisbon. We’re not psychics but we predict sunny weather, warm temperatures, amazing sights, and exciting side events. Oh, and of course, a bustling and thriving startup ecosystem that you’ll get to know and connect with!
Smart Open Lisboa is the open-innovation programme of the Lisbon Municipality that is bringing innovation to the city in several different verticals. The last edition was focused on the mobility vertical, and brought several startups who are successfully working with programme partners to implement pilots in Lisbon. Let’s get to know some of the on-going projects!
Eccocar wants to make your fleet more efficient
One of the programme’s startups, Eccocar, is implementing a pilot in partnership with Ferrovial and Lisbon’s Municipality to help increase the efficiency of their fleet with a car sharing principle. They hope to show their success by measuring KPI’s like management time (the time spent by the user booking the vehicle), fleet usage time, driver per car and fuel consumption. By digitizing the fleet, they hope to reduce costs, make better use of the cars and maintain the same level of service while reducing the fleet.
See the video below for a full explanation of the project:
Wall-i is creating sensors for better experiences
In partnership with Metro de Lisboa, Wall-i is installing visual sensors in key locations inside Metro stations around Lisbon.
The sensors create a heatmap to get more accurate data about the flow of users in the station, helping managers make better decisions. The sensors are also installed in entrances to detect and reduce fraud in the ticket validation gates.
This startup is also testing weather sensors all over the city, this time in partnership with Lisbon’s Municipality, to collect better environmental data in key points of the city: measuring things like CO2 level, humidity, temperature, noise level, etc.
This product is just one of many developed by this innovative startup. Get to know them here:
Shotl is changing the shuttle business
Another startup featured in this open-innovation programme is Shotl, who is trying to modernize the shuttle service.
Their mobility platform matches multiple passengers headed in the same direction with a moving vehicle. This service is especially thought out for suburban areas with less public transportation connections, and for passengers with reduced mobility, who are often confronted with fewer solutions and access.
In SOL Mobility, they have partnered up with Carris, the main bus provider in Lisbon, to implement their model in order to create an on-demand bus service for people with reduced mobility.
Get to know their model in this video:
But Smart Open Lisboa is not done innovating in the city of Lisbon. They are now accepting applications for the SOL Housing vertical, looking for startups with solutions that can be applied to solve these challenges:
Urban Management & Smart Infrastructure
Construtech
Proptech
Resource Efficiency
Smart Homes, Buildings & Retail Properties
Home Care & Assisted Living
Customer & Community Experience
Financial Services
If your startup has a new innovative solution that could upgrade city living and you want to test it with industry-leading partners in Lisbon, apply now to SOL Housing.
And to keep updated on SOL projects and other innovation news, subscribe to our newsletter!
BlueTech Accelerator is opening up this Wednesday, 30th January. It’s an open innovation program connecting talented startups with key players in the sector to create a pioneering ecosystem of innovation and business acceleration for the Blue Economy sector. The first edition will focus on Ports and Shipping 4.0.
What is the Blue Economy?
Blue Economy relates to the exploitation and preservation of the marine environment – it aims for sustainable use of the ocean’s resources for economic growth, improved livelihoods and jobs, and the health of the maritime ecosystem.
The Blue Economy is reflected in several different activities: renewable energy, marine transport, fisheries, waste management, climate change, and tourism.
BlueTech aims to leverage new technologies to help impact positively in these activities, with new technology or new models.
The first edition of the programme is focussed on Ports and Shipping 4.0, and looks for technologies that can be applied for solutions in the following areas:
Smart Shipping
E-navigation
Artificial Intelligence
Undersea Cloud Computing
Nanotech
Sea Traffic Management
IT for Green shipping
Ocean IoT & Sensors
IT for Energy Efficiency
Ports Automation & Robotization
Autonomous Ships
IT for Propulsion and Power Generation
AI/Machine Learning
Robotics
Scuba Droids
Big Data & Analytics
IT for Green Ports
Autonomous Systems
Drones
Self-cleaning and Self-repairing Materials
Why should you apply?
A challenging industry
The maritime industry is a big and old one, which means that there are plenty of opportunities for innovation and digitization in all its activities. The focus of this edition in ports and shipping is also an opportunity: integrating the ocean and land logistics is a huge challenge and one that is relevant around the world.
An impact in the future
The ocean is a valuable resource for humanity and has invaluable importance to our ecosystem. Coming up and establishing new, more sustainable, ways of exploring our oceans can be your contribution towards a life-long positive impact on protecting our environment.
Opportunity to work with industry players
Portugal’s economy and history have always been intrinsically connected to the ocean: it’s a country with vast maritime resources, where the maritime economy has always been a political priority. Through BlueTech accelerator, startups will have the opportunity to work in a government-backed programme, and with the key players of the port industry.
It’s an event dedicated to sharing the knowledge between investors, with panels from experienced investors and VC partners. They shared how they are investing and why they are doing it that way at The Investors’ Academy, but also their biggest mistakes in a side event called F*ckup Nights. The conference followed with panels on the investments trends in Portugal and Europe, and also the investment landscape.
Pedro Falcão, a managing partner at LC Ventures, presented an overview of the investment landscape in Portugal and future opportunities. Click below to download the report Venture Capital in Portugal 2018 and get the scoop on all the information you need to know if you plan to invest in Portugal.
Are you interested in learning more about investment? The next Investors’ Academy will happen at #LIS, the Lisbon Investment Summit, an informal but action-packed event. The 7th edition is coming to sunny Lisbon on June 6-7th – get to know it here.
