04/11/2025 | Press release | Distributed by Public on 04/11/2025 01:05
• ABB announces five winners of its annual Startup Challenge
• 15 finalists pitched their innovative AI-powered solutions to tackle key global energy challenges
• Five winners each receive US$30,000 for a collaboration project with ABB to develop their technology solutions ready for launch
Five pioneering startups have won ABB's 2025 Startup Challenge by showcasing how their innovative approach could help make energy use smarter in industry, buildings, power grids and utilities. Selected from more than 155 applicants from 37 countries, each winner will receive US$30,000 for a collaboration project to co-develop a solution for potential commercialization. ABB experts will work with each winner to develop a Minimum Viable Product (MVP) with the opportunity to launch a global solution for ABB's customers and partners.
Now in its sixth year, the ABB Startup Challenge is an annual competition to develop novel solutions to our most pressing energy challenges. As well as the collaboration project, winners receive mentoring from Microsoft and Synerleap's startup advisors, ABB's startup accelerator.
"The ABB Startup Challenge enables us to identify talented entrepreneurs and nurture the fresh thinking that is needed to address key energy issues. ABB and startups have complementary capabilities, so we can support each other with insights and expertise to develop new and innovative solutions and business models," said Massimo Muzzì, Head of Strategy, Business Development and Sustainability, ABB Electrification. "We are actively seeking long-term collaborations and investment with startups as part of our open innovation strategy. Our startup challenges are incredibly important to ABB. More than a quarter of the US$80m ABB Electrification has invested in startups since 2020 has been spent on solutions that we've identified and developed through our annual competitions."
The 2025 winners are:
Each winning project has the potential to become a market-ready MVP within six months. More than 20 MVPs have already been delivered since the annual ABB challenges started in 2020. ABB continues to collaborate with several winners and finalists from previous years, helping them to secure lucrative commercial contracts.
You can find out more about the ABB Startup Challenge here: Official | ABB Startup Challenge 2025.
ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this 'Engineered to Outrun'. The company has over 140 years of history and around 110,000 employees worldwide. ABB's shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com