Wednesday, May 22, 2024

K-Electric (KE) introduces 7/11+ Innovation Challenge for Entrepreneurs, Startups, Researchers, and Students

To further the cause of innovation in the power sector, K-Electric (KE) has initiated 7/11+ Innovation Challenge – a first of its kind event in Pakistan’s utility market designed for entrepreneurs, startups, researchers, and university students from all across the country (and the world).

The 7/11+ Innovation Challenge seeks to invite ideas, products, and solutions that focus on key themes of the United Nations Sustainable Development Goals (SDGs):

  • SDG 7: Access to Affordable, Reliable, Sustainable, & Modern Energy for All
  • SDG 11: Sustainable, Inclusive, Safe, & Resilient Cities and Communities, and
  • Plus: Innovate using Technology to bring Enterprise Agility in Utility Functions, such as customer service, supply chain & logistics, and smart infrastructure & digitization

In addition, participants may also address specific Challenge Statements identified by KE in the areas of Customer Experience and Operational Excellence. The identified Challenge Statements, further details of which are available on 7/11+ Innovation Challenge’s website, are listed below.

Customer Experience

  • Challenge Statement 1: Efficient Fault Detection
  • Challenge Statement 2: Swift Fleet Mobilization
  • Challenge Statement 3: Agile Customer Communication
  • Challenge Statement 4: Pre-emptive Fault Prevention
  • Challenge Statement 5: Dynamic Use of KE’s Infrastructure

Operational Excellence

  • Challenge Statement 6: Predictive Demand Planning
  • Challenge Statement 7: Compact Vehicle Design
  • Challenge Statement 8: Realtime Information Management
  • Challenge Statement 9: Meter Reading Automation
  • Challenge Statement 10: Sustainable Land Utilization

The top 3 participants of the 7/11+ Innovation Challenge will receive a collective sum of PKR 3 Million (PKR 1.5 Million, PKR 750,000, and PKR 750,000 respectively) as prize money. Participants may also be provided with potential product development funding, potential B2B contracts & investment, mentoring and onboarding support, and more.

According to KE, the vision of an energy-secure Pakistan can be accelerated and realized through collaboration with problem solvers looking to create a more sustainable world. Being Pakistan’s leading and only private run utility, it is also imperative that KE continues to bring about innovation in its operations by embracing the oncoming advancement in utility operations.

Therefore, KE is inviting entrepreneurs, startups, researchers, and students to participate in 7/11+ Innovation Challenge and spearhead change in the energy space. Visit the website of 7/11+ Innovation Challenge (http://innovation.ke.com.pk) and send in your applications before March 26, 2022.

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