First-of-its-kind accelerator programme for energy efficiency kicks off in VN

By promoting investment in energy efficiency projects, the programme aims to contribute to Việt Nam’s net-zero ambitions .— VNA/VNS Photo

HÀ NỘI — A first-of-its-kind accelerator programme for energy efficiency has been kicked off in Việt Nam.

The programme which is part of the accelerating innovative start-ups for energy efficiency (AIS4EE) project, is funded by the European Union (EU) within the framework of the EU-Việt Nam Sustainable Energy Transition Programme, hosted by the Ministry of Industry and Trade. Under the AIS4EE project, the programme is organised by Touchstone Partners, an early-stage venture capital firm in Việt Nam.

Dedicated to fostering innovation in energy efficiency, the programme focuses on attracting investments in cutting-edge solutions for energy efficiency in the industry, transportation and green building sectors.

Applications for the programme are now open. Selected teams will undergo a nine-week training programme led by experienced experts and be mentored in the start-up ecosystem and energy efficiency space.

The programme’s total prize pool is US$35,000 for the three best startups and $10,000 for the three best youth teams. In addition, teams joining will secure the opportunity to enter national and international pitching events to call for investments of up to $1 million from Touchstone Partners and strategic venture capital partners.

By promoting investment in energy efficiency projects, the programme aims to support the National Programme on Energy Efficiency and Conservation for the 2019-30 period (VNEEP 3), that strives to achieve between eight and ten per cent savings in total national energy consumption by 2030 and contribute to Việt Nam’s net-zero ambitions. — VNS