In recent years, multinational companies across the globe have launched corporate accelerators so they can tap into the agility and creativity of startups to build more advanced applications for their industry.
One of the world’s leading oil and gas company, Shell, is no exception to this trend. Its accelerator, called Shell IdeaRefinery, is designed to help a diverse mix of startups develop innovative, sustainable and cost-effective products and services for the energy industry.
Shell IdeaRefinery accelerator comes in two varieties — the Launch programme and the Pivot programme.
The former focusses on early-stage deep tech energy startups. Shell will help them move from the Minimum Viable Product (MVP) stage to the product-market fit stage. It will also work with them to develop a viable business model.
The latter focusses on mid-stage (Series A) startups who have working products (most likely already in the market) but are not necessarily geared towards the energy industry. Shell will then help them develop products that will have an energy impact, allowing them to expand into new verticals.
On November 1, Shell IdeaRefinery showcased five out of the 10 Singapore startups from its Pivot programme’s 2nd cohort at its Demo Day, which was organised in partnership with Energy Market Authority and NUS Enterprise.
The 10-week Pivot programme was designed and delivered by Singapore energy startup Enrupt. The startups went through a structured curriculum, followed by a series of workshops, personal mentoring sessions and masterclasses with industry professionals.
“Startups working for the energy sector rise and fall with the quality of their industrial partnerships. Shell IdeaRefinery offers an unparalleled platform where startups can establish good quality connections with energy players and get a better understanding of problem statements related to digitalisation,” said Katarina Uherova Hasbani, Founder of Enrupt, in a press statement.
The five startups who showcased on the Demo Day were selected for their ability to pivot their businesses to better serve the energy sector or high energy-impact industries, including shipping, buildings and transport.
So, without further ado, here the five exciting startups!
AVA Asia is a drone and AI company that helps energy companies monitor the level of corrosion along their pipelines. This is critical because, according to the company, 70 per cent of pipeline rupturing incidents are corrosion-related.
The company’s data analytics solution is also helping solar PV (solar cell) plant owners improve their energy yield by at least 2 per cent.
Chektec is a SaaS company that helps companies better manage workplace safety through its mobile app. It has a form creation tool that enables teams to generate task assignments that integrate workplace safety, health and environment goals, and other necessary workplace data.
The software allows users to submit reports on-the-go or immediately assign corrective actions that can be monitored on mobile and in the office. Additionally, Chektec enforces workplace accountability through document traceability (collection of time and date stamps for all forms of data) and specific task traceability (assigning users to each task).
Nodis has developed a smart window that allows users to change the tint, colour and temperature characteristics of windows instantly, using a technology called TruTint.
By doing so, occupants can control how much sunlight or heat they want to let into their office or room Using its smart window, Nodis claims it can help reduce building energy usage by 40 per cent (through cutting down on heating, cooling and lighting energy sources).
ShipsFocus has developed an intelligence and analytics-driven solution that helps customers aggregate shipments as well as enable ship owners and operators to better manage their shipping loads.
There are two positive outcomes of this: customers cut down on unnecessary shipping costs, and ship owners reduce expenses from overloading as well as reduce GHG emissions and other environmental waste.
QIQ Global is a blockchain company that wants to build a green transportation ecosystem using electric vehicles, comprising of electric bikes and scooters that can run for 20km on a single charge.
It also wants to develop an autonomous electric shuttle bus capable of 25-degree hill climbs, with an over 50,000 duty cycle. The goal is to enable it to run for 18km at 35 km/h on a single charge.
All of its electric vehicles will use a charging system called Rapid Charging.
Image Credit: Shell IdeaRefinery