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RAK Energy Innovation – SME Edition

SAVE. INNOVATE. INSPIRE. Join us in creating a more sustainable Ras Al Khaimah.

#RAKinnovates

Put your start-up in the spotlight; find new partners and demonstration opportunities.

Click here to view the promo video

Winners

Winner for Energy Management Challenge (i2COOL TRADING)
Winner for Industrial Efficiency Challenge
(BLUE SNOW GREEN TECHNOLOGIES)
Winner for Decentralised Energy Systems Challenge (SOLARISKIT GLOBAL)
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Introduction & Objectives

The Ras Al Khaimah Energy Efficiency & Renewables Strategy 2040 has been established to support the competitiveness of Ras Al Khaimah by improving energy and water efficiency and increasing the share of renewables in the generation mix. As part of this strategy, Ras Al Khaimah Municipality is organising an innovation competition for start-ups and SMEs whose solutions can support in shaping our clean energy future! The competition will provide a platform to showcase innovative solutions and connect with key government and industry players in the UAE.

The objective of the competition is to attract leading start-ups and SMEs across the globe to propose their solutions addressing specific energy challenges in Ras Al Khaimah applicable to the broader MENA region. ​​​

Challenges

  • Energy M​anagement: Implementation of energy management systems and processes for organisations and/or households. This includes innovative equipment and methods for data gathering, analysis, operation and control of energy and water consuming assets. The challenge covers not only advanced solutions for large industrial and commercial buildings but also low-cost smart solutions for residences.
  • Industrial Efficiency: Solutions for the industrial sector that allow higher returns on investment than conventional solutions, such as waste heat recovery from low temperature sources (e.g. below 300℃), alternative fuels, digitisation or electrification.
  • Decentralised Energy Systems: New generation, distribution and/or storage solutions that reduce energy costs and/or increase service levels for the provision of electricity and water for buildings and/or mobility. Ideal customers of these solutions should be end-users as opposed to utilities.

Eligibility Criteria

  • Your start-up or SME is eligible for the competition if it fulfils all of the following cr​iteria:
  • The company has a product, service, or solution in the energy, water or mobility sector, that addresses one of the challenges, mentioned above, faced by Ras Al Khaimah,
  • The company has existing project references for its product, service or solution,
  • The company is incorporated and has a public website, and
  • The company has annual revenues of less than USD 20 million.

Evaluation Criteria

  • The following criteria will be considered in evaluating participating start-ups and SMEs:
  • Relevance: Relevance of the submission to the challenge statements, potential contribution to Ras Al Khaimah's sustainability and energy efficiency objectives and potential marketability in the region;
  • Disruption: Innovative nature of the product or solution in the region;
  • Merit: Coherence of the technical solution with the business plan and existing project references; and​
  • Team/Resources: Readiness of team members and resources to establish company operations in Ras Al Khaimah, and start developing the local market.

Senior Executive Board

Spons​ors​​

​​​​​​​​​Start-Up Sponsor​s

​​​​​​Silver Sponsor​s

Associate Sponsor

Community Partners

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