By Kavita Kaur
The Private Financing Advisory Network (PFAN) partnered with ADB Ventures to organize a Dim Sum with Entrepreneurs, a rapid-pitch event, on 20 June during the Asia Clean Energy Forum (ACEF) 2019 in Manila.
As part of this 90-minute, high-powered match-making event, 26 clean energy entrepreneurs from 14 countries presented their solutions to nearly 300 ACEF participants. The solutions presented included a wide range of products and services including solar panel cleaning robots, low speed wind turbines as part of a smart micro-grid, modular plug and play DC smart grids, and AI-based energy optimization solutions for commercial buildings, to name a few. Please click here for details on all the firms that presented at the event.
Among the firms presenting at the Dim Sum with Entrepreneurs event were three firms that are currently working with PFAN – Otago from Cambodia and Oorja and Farm-Hand from India.
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Carlo Figà Talamanca, CEO and Founder of Otago, which makes high-quality char briquettes from biomass waste, including coconut shells, presented his firm’s business model. Otago is seeking USD 2.5 million of investment and also looking for development partners and franchisees. Please click here to read the company profile of Otago.
Madhu Sudhan Rapole, CEO and Founder of Oorja, explained how his firm provides designs and deploys solutions for energy efficient cooling/heating of buildings and solar-based process heating, amongst other applications. Oorja is seeking USD 10 million of investment and is looking for project partners and customers in Asia. Please click here to read the company profile of Oorja.
Finally, Abhimanyu Bhargava, CEO of Farm-Hand, shared the details of his firm’s precision irrigation technology that can help deliver the right volume of water at the right time to farmers and solar/micro irrigation providers. Farm-Hand is seeking seed investment and is looking for technology partners as well as farming pilot partners. Please click here to read the company profile of Farm-Hand.
Commenting on the Dim Sum event and on PFAN’s cooperation with ADB more broadly, Peter Storey, Global Coordinator at PFAN, said “We are delighted to partner with ADB’s new start-up group, ADB Ventures, to provide a platform for showcasing entrepreneurs with innovative technologies and business models that have the potential to scale up their impact in the Asia region.”
ADB Ventures is a specialized new unit within the Asian Development Bank that focuses on identifying and investing in technology-enabled start-ups with potential for significant expansion and growth in Asia’s developing markets. ACEF is one of the premier clean energy events in the region and this year was attended by more than 1,600 people from 78 countries.