We are looking for aspiring founders to launch a new venture in Singapore together with GEM – ENGIE’s Global Energy Management & Sales team.

We partner with aspiring individuals who want to build new climate tech ventures to accelerate the transition to a carbon-neutral economy. Click to find out more.

We are looking for talented co-founders to build a new venture to transform the Energy and Carbon Trading industry. Benefit from ENGIE Factory’s proven Venture Build program, deep domain knowledge and global network. ENGIE Factory also provides seed funding and is committed to working with you to make your venture a success.

ENGIE-Factory-for-WEBSITE-2022

How we build startups

Purpose

  • Our venture builder seeks founders or individuals with or without an existing idea or startup. No background in energy is required
  • We build a startup together with the selected founders, starting from ideation to product-market fit and international growth

Phase 1

  • Selected founders will pick a problem that matches their motivation and skills

Phase 2

  • During the venture validation period of 3-4 months, founders will conduct customer interviews to understand customer journey, target segment and market opportunity for solving the problem
  • Founders will be mentored by our representatives with domain expertise, and have access to ENGIE business units and our client network across 70 countries
  • Founders will receive a competitive stipend for their contribution. If a market opportunity is identified, an operating plan including the required starting capital will be prepared.

Phase 3

  • Once the operating plan and equity allocation is mutually agreed between selected founders and us (ENGIE Factory takes minority equity stake) , we will provide the starting capital to incorporate the new startup.
  • During this phase of up to 12 months, the startup will test minimally-viable products with initial customers, iterate products and achieve product-market fit. The startup will operate autonomously and continue to receive access to the ENGIE network.
  • At the end of Phase 3, the startup will be considered for further funding from us.

Benefits for Entrepreneurs

Startup Capital

  • Selected founder will conduct venture validation while receiving a individual grant for up to 3 months.
  • If a startup is launched, selected founders will receive starting capital, draw a competitive founder salary and keep majority of equity in the startup

Access to Customers

  • Entrepreneurs can access ENGIE business units and our client network across 70 countries as initial customers for sales and feedback

Domain Expertise

  • We share our operational experience and industry access in energy, infrastructure and smart city services with entrepreneurs.

 

ABOUT ENGIE 

ENGIE is a global reference in low-carbon energy and services. In response to the urgency of climate change, our ambition is to become the world leader in the zero carbon transition “as a service” for our customers, in particular global companies and local authorities. We rely on our key activities (renewable energy, gas, services) to offer competitive turnkey solutions.

You will be working with GEM – ENGIE’s Global Energy Management & Sales team. GEM provides energy supply solutions and risk management services to support its clients through their decarbonization journey, while optimizing ENGIE’s assets and contributing to value creation. GEM built its savoir-faire managing the ENGIE Group’s large and diverse asset portfolio over 20+ years. 3,300 employees around the world develop our solutions, through +20 business platforms: Paris, Brussels, London, Houston, Singapore, Mexico, Melbourne, Warsaw, Bucharest, Rome, Madrid, Köln, Berlin, Prague. GEM covers the full energy mix: renewable and thermal power, natural gas & LNG, biomass, environmental products. Our 800+ main accounts span the entire value chain: producers, asset developers, financial players, utilities, distributors and industrials. Our global reach and strong local presence enable us to offer these diverse clients tailor-made services and respond to rapid changes in mature or emerging markets alike.

This new business venture that you will build will be supported by ENGIE Factory which is ENGIE’s venture arm in Asia Pacific. ENGIE Factory partners with aspiring founders to build ventures focused on the accelerating the transition to a carbon-neutral economy through the areas of renewable energy, energy efficiency, smart cities and trading. 

Watch a video about GEM here

Application Criteria

Requirements

  • Individuals can apply without an existing idea or startup
  • Selected founders will first launch their venture out of Singapore, and may require to travel to across Asia Pacific

Co-founder role

  • Work with your fellow co-founders and the ENGIE team to identify opportunities and set the vision and strategy for your startup
  • Identify the target customer segment and determine how to sell, service and support the new solution
  • Identify and manage risks critical to the venture’s success
  • Manage your team of fellow co-founders to maximize productivity and deliver impact
  • Be the interface between ENGIE stakeholders and the startup team
  • Lead and drive the growth of the startup after the end of the program and once seed capital has been invested

Preferred experience in:

  • Capital markets, commodity trading or carbon trading
  • Demonstrated knowledge & interest in carbon offsetting & voluntary carbon credit markets
  • Experience leading or implementing financial technology products & systems

Your background

  • 7+ years managing a team, with finance/software/energy industry experience a plus
  • 5+ years in a senior operating role with P&L responsibility
  • Outstanding leadership; early stage C-level or Founder-level experience
  • Previous startup experience, including raising capital preferred
  • Passion for the focus area of energy and carbon trading
  • Ability to collaborate with many organizations to achieve common goals
  • Ability to work successfully within small, unstructured teams
  • Self-initiative and an ability to work well independently
  • Proven track record of successfully managing multiple, complex projects
  • Ability to work effectively with and across multiple corporate groups and silos
  • Effective interaction with all levels of organization

What you will need to demonstrate

  • Strong track record of personal and professional achievements
  • Entrepreneurial drive and grit to perform under pressure and uncertainty
  • Strong leadership, organizational and team management skills
  • Ability to communicate and sell new ideas and strategic insights clearly, using strong narratives to convince senior decision makers
  • Credibility engaging with executives and board members
  • Complex problem-solving skills: we are looking for individuals able to solve problems in a creative way
  • Strategic and critical thinking as well as an ability to structure and analyse business processes
  • Financial management acumen
  • Passion, motivation, independence and flexibility
  • 2 referees who are willing to meet with the hiring team

Summary of grant: ENGIE will give you an individual grant of S$5000 per month for the duration of the program. Once you have a solid team and a validated idea, ENGIE will invest into your company for an equity stake. The founders will have majority equity stake in the venture.

Start date: 5 September 2022