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Stimulus is an innovative consulting firm that intends to create awareness, symmetry, engagement and impact via the government, foreign missions and most significantly with the private sector to develop a clean technology / renewables eco-system for Pakistan. For this reason, Stimulus has also signed up with the Ministry of Climate Change for the Prime Minister’s Clean Green Pakistan Initiative.
ClimateLaunchpad is the world’s largest green business ideas competition with the mission to unlock the world’s clean-tech potential that addresses climate change. Pakistan is participating for the first time in the ClimateLaunchpad program along with 50+ countries.
Parallel to the ClimateLaunchpad Pakistan Final, Stimulus organized the Pakistan Clean-Tech Innovation Conference that hosted a number of distinguished business leaders to deliberate critical climate concepts that have a direct impact on Pakistan’s economy and its national well-being.
The final round of Stimulus -ClimateLaunchpad green business ideas competition with a primary focus on identifying climate change solutions, was held in Karachi, Pakistan on August 31. The competition attracted 100 clean-tech entrepreneurs from across the country who submitted their applications and the top 20 teams competed to determine two best teams that will represent Pakistan at the Global Final competition later this year.
GeoThermal Pakistan from Islamabad won Stimulus-ClimateLaunchpad Pakistan’s first edition. GeoThermal Pakistan develops solutions to the prevalent costly, inefficient and polluting air conditioners (ACs). Second prize winner is Goats for Water from Karachi; Goats for water is a social enterprise that aims to provide community-led solutions to rural communities’ water and energy needs by enhancing livelihood. Fruges from Karachi came in third with their idea to develop bio fertilizers and bio pesticides to deliver impurity free edibles to consumers.
Speakers from various industries shared their experiences and thoughts on steps that need to be taken to overcome these challenges.
Speaking at the occasion, Mr Malik Amin Aslam, Federal Minister and Advisor to the Prime Minister on Climate Change said that: “Pakistan’s takes its role seriously as a responsible member of the global community in combating climate change. The Ministry of Climate Change is giving due importance to mitigation efforts in sectors such as mobility and transport, forestry, industries, energy, urban planning, agriculture and livestock etc. And these efforts require innovation – new ways of thinking about old problems, and invention – new solutions to existing challenges.” He also stated that “It is very encouraging to see efforts of organizations like Stimulus supporting programmes such as ClimateLaunchpad to introduce and promote business start-ups in the country through green-business and clean-tech innovation.”