Have you ever wondered what makes a startup successful 🤔 ? Or, are you curious about what it takes to get on top of grad applications? Or maybe like many of us, are you finding a place where you belong at uni? Now, imagine having all the answers delivered to your inbox, every month 📨
This is why we are excited to introduce our first of many Enactus newsletters for the year! This issue features our analysis on an up and coming startup, tips from the Bussiness Advisory Board Member (BAB), a monthly recap of our activities and upcoming events 🎉
😍 So, be sure to keep an eye out for our monthly eNews!
We presented our “Induction Workshop” event, with leading executives of Enactus Australia (Kylie Smith and Selena Griffith) providing an introductory briefing into the entrepreneurial experiences Enactus has to offer. Members learned more about our mission to enact social change and what it means to tackle complex problem spaces 🚀
Moreover, we collaborated with our Business Advisory Board to present “BAB Night”, one of our flagship events where seasoned industry representatives of varying disciplines provide valuable feedback tailored to each startup. Depending on each startup's current stage of development, our BABs:
Utilised their industry knowledge of current market sectors to provide insight into consumer needs and attitudes 📊
Leveraged their broad industry networks to provide useful contacts in enabling further progression in logistical operations ✉️
Shared their experiences of project development to provide frameworks that startups can adopt when transitioning to the next stage of development 💼
These events serve as a benchmark for all future events hosted by Enactus, providing a snapshot of the many valuable opportunities and experiences we have to offer.
You're invited to...
Raising Capital as a Social Entrepreneur
26.04.2022 6pm-7:30 pm
Turning an idea into reality is rarely easy, especially when it comes to raising capital. As part of our collaboration with SUIIS, this panel will guide you through the process of generating funds for your current or future start up.
1. What quality in a graduate do you think is most important to success?
There are many - but as a young professional, I think the ability to take initiative on projects and speak/write confidently is crucial. The ability to be comfortable with the mistakes you’ll inevitably make is also important.
2. What skills are important to have in your industry?
My industry is finance but ultimately it is simply dealing in information about the market, which is opaque, unsourced and highly volatile. The ability to simplify very complex pieces of information and communicate it effectively while clearly outlining any assumptions is crucial. This goes hand in hand with speaking/writing clearly and confidently
3. What are some tips to ace job applications/interviews?
Research the company, understand the role and use that to pitch how you can add value
4. What are some networking tips you’d give to students?
Do your best to avoid being transactional; it is extremely obvious to other people if it comes across that you are only speaking to them for an opportunity/introduction. Find a genuine reason to learn from them, or leave them alone
5. How did you know your career path was the one you wanted?
I didn’t; I have very little in the way of long-term plans. In a lot of ways, my current industry is a product of what I saw others doing, along with where I thought my strengths would be best put to use.
Why more households aren’t changing to solar energy?
One of the main contributing factors is the large upfront costs of installing solar panels. Dr Jemma Green, co-founder of Powerldger saw that, and is doing something about it on a global scale.
Powerledger is a Perth-based startup that has developed the world’s first renewable energy blockchain trading platform. In doing so, they’re empowering both households and organisations with the opportunity to utilise solar energy, without the upfront capital. This is achieved through a Software as a Service (SaaS) platform, allowing consumers to track, trace and trade kilowatts of energy in real time. Their mission is to provide a platform for a fully modernised, market-driven grid that offers consumers choice in energy while driving the democratisation of power.
What’s interesting about Powerledger is that their platform enables solar-powered households and businesses to trade their excess energy directly to consumers (ie. other households), bypassing the grid as the middleman. This lowers the barrier to entry into the solar market for households who would have typically lagged in their transition to a more environmentally friendly source of energy.
Households fitted with solar panels have access to an additional revenue stream at no loss by selling their excess energy, and consumers are able to utilise solar energy at a lower cost than direct from the grid. This is all achieved transparently and securely, utilising blockchain technology with an exchangeable frictionless energy trading token, Sparkz.
Powerledger is increasing accessibility to renewable energy, targeting the Sustainable Development Goals (SDGs) of Affordable and Clean Energy, Climate action, and Responsible Consumption and Production, all while addressing key pain points of solar-fitted organisations and households. And we think that’s pretty cool.