Yes. At Transelec Ventures, we work under the Venture Client model, which means that we fund pilots with startups that solve strategic challenges for our company. This allows validating the solution in a real environment, generating value for both parties from the start.

At the validation stage – jointly between the startup or company and Transelec Ventures – through the key metrics and hypothesis that will determine the pilot’s success (or not). After its execution, the obtained data is gathered and compared with the initially defined metrics and hypothesis, assessing the degree of compliance, impact and potential improvement areas. This analysis allows deciding the next steps: continuity (pilot 2.0), scaling or closing of the pilot.

If the pilot shows positive results, there are different future collaboration channels.
When there are hypotheses left to validate and the solution is not sufficiently
mature, designing a second pilot is possible, as long as the results of the first were
promising. If the solution is ready, commercial scaling negotiations begin, including
commercial contracts, operational integration within Transelec or new joint
development stages. Our goal is to build long-term relationships with the startups
that generate real impact.

The time period contemplates three months since the start of the solution’s testing in our facilities. However, Transelec has the power to extend this time window whenever deemed relevant.

Before starting a pilot, a non-disclosure agreement (NDA) and a piloting agreement
defining the project’s scope, responsibilities, intellectual property and data use are
signed. It is important for the startup to have legal representation or counsel to
review these documents and ensure transparent and safe collaboration for both
parties.

We are looking for startups or companies that have at least one developed
prototype for testing. It may not be in its final version or need adjustments, but a
test must be conducted during the pilot. We value proposals that have validation
and flexibility so we can adapt their solutions to our needs.