THE STARTUP CHALLENGE: RESILIENCE TO EXTREME WEATHER EVENTS
The Startup Challenge: using innovation and technology to better manage climate events
Apply for the Startup Challenge from 17 May to 30 June to perform a pilot project and get a chance for investment.
The Iberdrola group, through its Networks subsidiary and in collaboration with the International Startups Program - PERSEO, has launched the Startup Challenge: Resilience to extreme weather events, an innovative initiative to find technological solutions involving predictive, preventive and corrective analysis of natural phenomena that threaten services provided to customers.
The company has launched an international call for projects to Artificial Intelligence and big data companies from around the world, inviting them to submit ideas to minimise the impact of climate events on infrastructures and the time taken to restore services as well as providing solutions that cover these risks. Companies are invited to register for the competition until 30 June.
WHAT IS THE GOAL OF THE STARTUP CHALLENGE?
Projects entered in the competition must focus on two areas of action:
Improving planning, operation, maintenance and engineering to better monitor and manage electricity assets before they are damaged.
Improve service recovery tasks by implementing solutions that minimise impact on users when the damage has been caused. Mitigate economic impacts to users through financial hedges.
ANY QUESTIONS? ASK US
WHY YOU SHOULD APPLY?
The winning project will have the opportunity to carry out a pilot test, combining the skills of the selected company with Iberdrola's resources and market.
If the pilot is a success, Iberdrola will include it among its maintenance tools and the winning company will become the supplier, to minimise the impact of meteorological events on the grid. What's more, PERSEO will also consider investing in the company.
Timeline of Startup Challenge.