Winners of MVM EDISON Light Up! announced

Companies manufacturing parabolic solar collectors, IORA Smart Systems and e-flags have won, among others, the MVM EDISON Light Up! energy startup competition this year. In the finals of the competition invited by the MVM Group for the second time, 12 finalists competed also this time before the representatives of the jury and incubation companies. The best participants of the closing show organised at the Budapest Music Center on 10 May can use a seed investment of maximum HUF 50 million and acceleration services.

The invitation of MVM EDISON LIGHT UP! last October expected to receive the applications of innovators by the end of the year, which have not made public their ideas relating to the subjects of clean energy, energy efficiency, IoT, Big Data and artificial intelligence so far. After the evaluation of the applications in the first round, 12 projects made it to the finals; the project initiators received a development grant of HUF 1 million and, at the same time, also qualified for the mentor programme of the second round. During the 2-month training, the joint specialist staff of the incubator company of IBM and the MVM Group, Smart Future Lab Zrt. (SFL), provided customised assistance to the teams. After the final assessment closing the programme, the winning projects receive a contract offer from SFL in order for the startups to be able to become successful market players in the field of power engineering.

Background information

Winning startups of MVM Edison Light Up!

Parabolic solar collector
Gábor Kovács and István Sohajda

A two-axis parabolic solar collector with a solar tracking and special design generates 60% more heat energy than conventional collectors and can utilise 75% to 80% of solar radiation even in winter. It is not sensitive to outside temperature and has automatic protection against overheating and wind. The collector can be operated at a favourable price. Its mechanical components have been designed for at least 30 years. Its purchase may pay off over 3 to 8 years. Its manufacture and maintenance are cost efficient and simple. The collector, which can be both free-standing and mounted on a flat roof and is made of only recyclable materials, can be used in a number of areas from single-family homes to large-scale industry.

IORA Smart System
Emese Fabricius-Nagy, Csaba Fabricius and Bence Ede Horváth

With the concept of the IORA Smart System, the winning team offers an innovative solution to everyday problems, such as telephone batteries that run down at an annoying speed, tiny items disappearing in hidden corners of bags and the increased protection of our personal items.

Imagine an article for personal use in the form of a bag, which cannot only be customised, but, due to its smart functions, also offers complete, personal services to the user.

The designer teams believes that attitudes can be developed, people can be made more environmentally aware, and the latest technologies and customised appearance can be connected also through the culture of objects.

Their goal is to show that an everyday product, such as a bag, can also carry cutting-edge technological innovations in itself.

Due to its construction system, the IORA Smart System provides full freedom of appearance and functions to its user. The number of possible variations in size, colour and shape is infinite, and it depends only on us how we combine them. It uses solar energy for performing its smart functions and is independent of the electricity grid.

Attila Kovács and Tibor Kovács

The innovator brothers work on the improvement of the efficiency of current wind- and hydropower-generating equipment. They assume that electrical or kinetic energy can be generated from the energy of flowing water or wind even more efficiently than by rotational motion. This follows from the observation that in nature one of the most efficient ways of displacement is wave motion. Just think of fish, which move forward in water that has high physical resistance with surprisingly high efficiency by investing relatively little kinetic energy. Their invention is the e-flag, which, as a world novelty, generates electrical or kinetic energy by wave motion from the energy of flowing water or wind based on Kármán’s vortex band.

The developers achieved a 5th generation working model after 4 years of research an development, with which it is possible to generate electricity even by using a piezo and an induction generator at the same time.

As a result of its structure, e-flags can be made in mass production at a favourable price and are easy to install, well fit in in any landscaping environment and, at the same time, are green energy-generating equipment, which can be used for advertising purposes.

IoTrend Kft.: EnergyAL
IoTrend Kft.: Roland Bátai, Péter Dudás, Gábor Dúll, Dániel Lőrincz and István Maros

Energy industry trends show that the world’s energy demand will increase by 30% by 2040 and renewable energy sources, which involve uncertain planning, will have to be relied on to an increasing extent. It may be one of the greatest challenges for the energy sector how stable and secure electricity supply can be ensured under such conditions. The team, which consists of engineers, has devised its EnergyAI concept for this problem. EnergyAI is a system built from modular components, which consists of generation, storage and consumption units. Local logic ensures the efficient operation of the system components on the basis of the analysis of data that can be obtained from IoT devices. The coordinated operation of a lot of such units is able to achieve the efficient operation of a given balance group or even an entire electricity system.

To illustrate the system, take an industrial park including a solar power plant as an example. There may be consumers on the same site the energy use of which cannot be rescheduled in time. A typical example is a production line. Or there may be energy storage units the load profiles of which can be flexibly changed over time, e.g. electric car chargers installed in car parks. EnergyAI creates harmony between the operation of these units. This way, the energy generated is used in the most efficient way possible, locally, and the contracted capacity demand can be reduced due to the coordinated operation of the ‘smart network’. In addition, the secondary use and analysis of the data makes certain functions possible, such as predictive maintenance or the monitoring of the utilisation rate of equipment or the occupancy rate of buildings, by which the utilisation rate of operation can be further increased.

Jury of MVM EDISON Light Up!

Similarly to the first round of screening, the applications that had reached the finals were evaluated by Dr János Zsuga, CEO of MVM Ltd. and Chairman of the jury; Dr Imre Molnár, Chief Portfolio Officer (MVM Ltd.); Zsolt Bertalan, CEO’s Coordinator of MVM Ltd. and President of the Smart Future Innovation Cluster; László Stickl, CEO of Smart Future Lab Zrt. and Director of Group-level Projects of MVM Ltd.; Gyula Fehér, father of the Hungarian startup world, founder of the USTREAM and Development, and Operations Director of IBM Cloud Video; and Ferenc Pongrácz, Business Development Director of IBM Magyarországi Kft. participating as partner in the programme.