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Now that the Cisco World Downside Solver Problem 2022 winners have been formally introduced, you’ll wish to be taught extra about every profitable workforce and the story behind every innovation. The Cisco World Downside Solver Problem is an internet competitors that awards money prizes to early-stage tech entrepreneurs fixing the world’s hardest issues. Since 2017, the competitors has awarded $3.25 million USD to 78 start-ups from 25 nations.
We’re excited so that you can be taught extra in regards to the 2022 profitable groups addressing a few of the largest challenges we face via technology-based options.
In response to the rising urgency to reverse local weather change, we launched 5 new Local weather Impression and Regeneration prizes totaling $300,000 USD. These prizes acknowledge options that may cut back or take away greenhouse gasoline (GHG) from the surroundings or regenerate depleted ecosystems.
Meet Unergy, a start-up primarily based out of Colombia that received a $50,000 USD Local weather Impression & Regeneration Runner-Up Prize. Their answer assists corporations and organizations that need to convert to scrub vitality, however discover it cost-prohibitive, by offering a simple platform for them to attach with traders who’re desirous to fund clear vitality tasks in growing markets.
I sat down with Eduardo Ospina, the CEO and co-founder of Unergy, and Natalia Isaza, Unergy’s Chief Content material Officer. They shared how they’re attempting to democratize the combat in opposition to local weather change, how Unergy thrived in the course of the pandemic, and their ardour for marrying know-how and sustainability.
Eduardo: I feel the largest work for humanity proper now could be the combat in opposition to local weather change. Presently, the world wants greater than $2.4 trillion of funding into clear vitality to keep away from a local weather catastrophe. Nonetheless, even with all of the work that’s being carried out world wide at this time, the present degree of funding solely quantities to about 30 % of that quantity.
We have now seen that, in Latin America, and in different rising markets, there’s a massive necessity for liquidity to finance clear vitality tasks. For instance, photo voltaic vitality has a excessive return charge and good metrics to turn into a actuality, however organizations have been unable to afford it. Regularly, corporations that say they wish to put money into clear vitality discover that funding prices are too excessive.
Then again, we see lots of people like us at Unergy which have the liquidity and the will to finance clear vitality tasks, however don’t have a simple solution to do it. So, Unergy joins these two completely different teams to resolve the issue by connecting organizations who wish to put money into clear vitality with individuals to place cash into their tasks. It permits us to democratize and decentralize vitality. For instance, with Unergy, somebody positioned in the US or elsewhere will be capable to put money into clear vitality tasks for corporations in Latin America or in different rising markets.
Natalia: Via our know-how, we enable any particular person to be part of supporting vitality transformation world wide. We enable the chance for individuals to spend cash on clear vitality not simply in Colombia, however in every single place.
Eduardo: I began the corporate with my two companions, Nicolás and Paola. We began Unergy as a result of we have been attempting for some years to promote photo voltaic vitality to corporations, however we in the end realized that the largest barrier—and the largest necessity—for clear vitality is financing. From there, we determined that slightly than promoting clear vitality merchandise, we might assist finance them and assist join others who wish to finance clear vitality with corporations that want the cash.
We’re a pandemic firm. We have been engaged on the thought a few yr beforehand, however we formally began in March 2020 simply when the pandemic started. That ended up being an excellent factor. Earlier than the pandemic, corporations used to have extra liquidity for tasks and didn’t suppose quite a bit about various kinds of monetary group. Because the pandemic, corporations have began to actually take into consideration how they will save and the way they could possibly be extra sustainable. Unergy is the perfect match for that as a result of we’re providing financial savings. We’re providing sustainability. So, I feel it was an excellent second for us to open.
Natalia: I joined Unergy later. I used to be employed to enhance some processes in communication and advertising and marketing, and I simply actually believed within the thought. I linked with the mission and imaginative and prescient of the corporate, and I simply fell in love with the concept we might assist present clear vitality to anyone.
Eduardo: I feel that it’s comparatively regular for these with a lot of funding to wish to put money into clear vitality. What is exclusive about Unergy is that we dream in regards to the democratization and decentralization of fresh vitality. For instance, in Latin America, three massive gamers are the homeowners of the entire vitality in these nations. What’s essential to us is not only financing clear vitality tasks, but additionally permitting for retail traders and folks from world wide to speculate.
Eduardo: We’re increasing proper now into Brazil, and into European nations that want extra funding in clear vitality. The extra we increase, we will obtain an even bigger impression, so we will probably be utilizing the entire cash on worldwide enlargement and sharing our objective of lowering the $2.4 trillion in funding wanted to fight local weather change.
Eduardo: I feel it’s a must to cross your private motivations with the objective of the corporate. Personally, I like what I do. I like to be right here, I like to journey, and I like to dedicate my life to fixing this challenge as a result of I actually do wish to make an enormous distinction on the earth. Since I used to be younger, I’ve been enthusiastic about inventing issues, about sustainability, about vitality and electrical energy. Then, once I was in College, I noticed that it wasn’t nearly inventing issues; it was about inventing issues with a goal and inventing issues with the ambition that it might impression the world in a really constructive manner. I feel being an entrepreneur may be very exhausting for lots of people, however should you can benefit from the challenges it’s a must to face to develop, and should you can benefit from the belongings you do, it’s higher.
Natalia: For those who can combine data of the continual replace of know-how with the will to resolve social or environmental issues, you can be the perfect firm that may impression the most individuals. I agree with Eduardo that you could join your private goals with the imaginative and prescient and mission of the corporate. And if you wish to be right here and proceed right here and be motivated, it’s a must to be able to be taught every single day. I wish to do one thing for the world and for individuals, and I like to attach sustainability with know-how.
Keep tuned for extra articles in our weblog sequence, that includes interviews with each Cisco World Downside Solver Problem 2022 profitable workforce!