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Southeast Asia Launches Smart Energy Startup Support Initiative

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A regional partnership between Deutsche Gesellschaft für Internationale Zusammenarbeit and the California Clean Energy Fund has launched New Energy Nexus Southeast Asia, a “smart energy” startup support initiative aimed at investing and connecting local incubators to facilitate the creation of smart energy startups. Nexus SEA is currently funded by GIZ and The David and Lucile Packard Foundation.
 Southeast Asia Launches Smart Energy Startup Support Initiative
Courtesy of New Energy Nexus

“By bringing together ideas, startups, implementation partners and funders onto a single region-wide platform, Nexus SEA aims to accelerate the growth of a regional smart energy startup ecosystem,” said Hendrik Tiesinga, Program Director New Energy Nexus at CalCEF.

According to the International Energy Agency, Southeast Asia is a “new heavyweight” player in the energy ecosystem servicing the energy needs of 640 million people. As the energy demand grows, fossil fuel consumption will continue to rise unless clean energy solutions are deployed faster and more efficiently. Nexus SEA seeks to accelerate the adoption of clean energy technologies by supporting the next generation of smart energy entrepreneurs.

By joining forces with local incubators in Thailand, Indonesia, Singapore, Vietnam and the Philippines and leveraging its global network of energy players and experience in building smart energy ecosystems, Nexus SEA aims to catalyze entrepreneurship in this sector by providing business, technology, energy expertise and financial support to new ideas and local enterprises across the energy value chain.

Nexus SEA Incubator Partners will execute a three-phased approach that will integrate key stakeholders from the startup community, energy experts, corporate sponsors and government to build smart energy startups that will help tackle real energy challenges in the region.

By 2020, Nexus SEA aims to engage 1000 entrepreneurs, incubate 100 teams, partner with 10 incubators and make Southeast Asia a region for the world to follow.

More information

Nexus SEA

GIZ

California Clean Energy Fund (CalCEF)

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