National Third prize winner

VirtualEL

Empowering electricity users to Improve and benefit from electricity Supply /Distribution

Pitch

Power outages and inefficiencies are an everyday business in the developing world, thus, causing catastrophic social and economic impacts. Despite that many developed countries are already tackling these issues with the use of smart energy technologies, these technologies are not taking off in the developing world yet, due to huge delays in infrastructure upgrades compare to those in advanced economies.

We are tackling this problem by using proprietary technology to develop a virtual and smart electricity infrastructure in developing countries by using AI, IoT, and Blockchain in order to improve power efficiency, reliability, and supply at the consumption and distribution level.

Quick facts

  • 2020 Participant
    Year of participation
  • Sustainable Production Systems
    Theme
  • Colombia
    Country
  • € 10k
    Investment
  • 4
    Teamsize

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Team

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