Lack of a level playing field, non-inclusive society, regressive class strata, access to basic needs are some of the critical issues of existence of poverty.
SELCO Foundation believes that there is a strong correlation between sustainable energy and inclusive development. Quality access to these basic needs and services can be catalysed via sustainable energy. SELCO believes that this helps bridge social and economic disparities.
SELCO Foundation seeks to inspire and implement socially, financially and environmentally inclusive solutions by improving access to sustainable energy. SELCO Foundation’s key objectives are:
Systematically identify diverse needs of the poor, understand and define the role of sustainable development, poverty alleviation and decentralized energy
Create and deploy innovative solutions that positively impact livelihoods, health, well-being and education towards alleviation of poverty
Foster the development of enabling conditions or an ecosystem through holistic thought processes in technology, finance, entrepreneurship and policy
Our philosophy is rooted in a conviction that underserved communities should be part of the solution design process.
Need based innovation (technical, financial and social innovation):
We design and deploy solutions which keep end-user at the centre, end-users as co-owners of the problem, innovators, partners and investors
Local ownership
We innovate on financial and social models that drive for decentralisation, ownership and improved value capture at the last mile
Systems Thinking
We create enabling conditions for innovations to scale and recognize the need to build cross sectoral and interdisciplinary programs/collaborations at multiple levels
Implementation based
We lay emphasis on on-ground implementation driven learnings and evidence building
Process Replication
We believing in scaling of processes by contextualizing it to the needs and empowering decision making amongst multiple stakeholders
Innovations for people living in poverty have to be customised to their use cases keeping in mind current and future needs. In the context of the poor, adaptation and mitigation strategies need to be inter-linked. Strategies for adaptation- all those responses to climatic conditions that reduce vulnerability- is an integral and urgent part of overall poverty reduction strategies. Using the lens of Sustainable Energy, strategies for climate action and inclusive development can be delivered synergistically.
In the context of the poor, adaptation and mitigation strategies need to be inter-linked.
Strategies for adaptation- all those responses to climatic conditions that reduce vulnerability- is an integral and urgent part of overall poverty reduction strategies. Using the lens of Sustainable Energy, strategies for climate action and inclusive development can be delivered synergistically.