Next Steps

a) Idea validation: This is the phase where the startup develops its idea propositions and conducts initial research to determine the feasibility and potential impact of its concept. This may involve the presentation of your idea to the Efacec team.

b) Incubation: After the right startup is selected, it will work on refining and testing its ideas, often with the support of mentors, experts, and other resources from Efacec. This will involve conducting and testing the innovative product or service in Efacec facilities.

c) MVP Presentation: In the final phase, the startup presents its MVP (Minimum Value Product) to top management at Efacec. This presentation typically includes a detailed overview of the concept, the minimum functionality, the opportunity to scale, and the potential impact of the product or service. The goal is to persuade the top management to partner with the startup.

How will you create impact?

By providing a clear and detailed picture of an organization's emissions profile by presenting an MVP (Minimum Value Product) of the submitted idea. This MVP can be a stepping stone to identifying sources of emissions and implementing strategies to reduce them. By reducing GHG emissions, Efacec can help mitigate the impacts of climate change and contribute to the global effort to address this pressing issue.

Additionally, collecting data on GHG emissions and processing it to gain relevant insights can help Efacec track its progress towards emissions reduction targets and demonstrate its commitment to sustainability.

Timeline

This challenge will be live up to Jan 6th 2023.

Who will be with you on this journey?

You will work with Jasmin Oliveira and Marco Faria (Quality and Sustainability). Marconi Pereira (Open Innovation) will bridge the connections between your startup and Efacec.

How will you benefit from this partnership (what Efacec brings to the table)

- An A-Team: not only the best engineers but true commitment and engagement to make it happen;
- A testbed for the implementation of your product, at first in our own labs and later on within our clients;
- Attention from the Efacec Management team;
- Reciprocity – technology from the startup for our product/service improvement and marketing from corporation (startup brand recognition);
- Clear targets for codeveloping and comarketing the joint product;
- Focused individual partnership, with clear project responsibility in terms of time and milestones;
- A collaborative process between Efacec and startup to certify products or services for the environment where Efacec operates in different geographies and sizes (in a more joint product development vision);
- Efacec may accelerate growth and boost reputation, which may bring positive signals to your investors and existing/future customers;
- Efacec may become your customer and bring insights for your product development, product-market-fit, and growth strategies.

What is expected from your startup?

- Follow the strict requirements and joint schedule;
- Flexibility to change and pivot according to Efacec’s requirements;
- Fill the expectations and needs of the C-Suite side of Efacec – which means: clear communications of the marketed benefits of your product/service;
- MVP – which not only means a working module but also an operating and sustainable business model;
- Deliver solid results and serve as an example for scale-up inside Efacec.

Final considerations

As a big company providing services to more than 80 countries and impacting 1 bi people worldwide every day, this new initiative of open innovation aims to build capacity to create escape velocity with very clear goals, KPIs, and a drumbeat to keep the rhythm and flee from the corporate constraints. Thus, there is a team here who will make all the efforts to tune the communication process, reframe potential problems into opportunities and make it happen for us both!

FAQ

If you have questions don't hesitate to ask marconi.pereira@efacec.com