ResiLens

Tagline:

• Building Resilience. Empowering Enterprises & Cities

Problem:

Climate-B Ventures addresses the challenge of increasing extreme rainfall days in India, which have risen by 75% from 1950-2015. These extreme weather events pose a significant risk to manufacturing industries and critical infrastructure, leading to potential financial losses. For instance, flooding and erosion have caused Assam to lose 8% of its land area in the last few decades, and the recent flooding events in Assam in 2022 have displaced 5.4 million people causing around 200 deaths. This is the impact of one extreme event in the country and India is prone to heavy flooding and heavy cyclonic activities every year. The estimated revenue loss across various sectors of the economy due to extreme weather events is approximately Rs. 15 lakh crores. Additionally, the number of flood-affected districts in India has increased from 75 in 2018 to 97 in 2019, resulting in property value reduction, rising flood insurance costs, and increased claims for flood damage. 

The firm aims to tackle the issue of extreme events by leveraging the latest science in climate change, artificial intelligence, geospatial data analytics coupled with real time weather information using Automated weather stations and Internet of Things to develop a solution to measure, manage and mitigate the physical impacts due to climate change. 

The latest technologies in geospatial data management such as drones, UAVs would help the company understand the topography, its complexity thereby helping the firm measure its vulnerability to the risk. 

Internet of Things and AWS stations would help the firm understand the latest changes in weather patterns thereby enabling the firm to develop Early Warning Systems aiding communities and cities to manage the risks. 

Various modelling techniques would help the firm analyse the possible impacts of such extreme events helping the firm plan adaptation strategies for the communities and cities. 

Finally Artificial Intelligence would be used to combine all of the above information and automate the entire process enabling for real time impact creation.  

Climate-B Ventures is developing a product that provides a solution for cities and critical infrastructure to adapt to the impacts of extreme weather events, using the latest science in climate change, geospatial data management, artificial intelligence and technology such as drones and the Industrial Internet of Things (IIoT). Our solution includes a combination of tools and strategies needed to adapt to these events, such as a real-time weather monitoring system, digital elevation maps of assets under study, high-resolution flood risk assessment tools, and customized adaptation responses for every customer.

One of the main ways we use technology is by utilizing drones to generate high-resolution maps and as digital twins. These digital twins allow us to perform a range of analyses, including flood hazard estimation and assessment, and develop effective adaptation strategies for our customers. Additionally, we use IIoT devices such as temperature and humidity sensors to measure weather-related information at the ground level, which helps in developing early warning systems and calibrating our systems with real-time weather information.

Our solution works by first conducting high-resolution drone surveys to generate a digital elevation model of the area of interest. We then use this information to create surface runoff and flood hazard simulations, which allow us to understand the potential depth of destruction and develop adaptation strategies, such as drainage and embankment planning. By combining these simulations with real-time weather information and early warning systems, we provide our customers with a comprehensive understanding of the risks posed by extreme weather events and develop effective adaptation strategies to help them continue operations despite these challenges.

Our solution is tailored to the needs of cities and critical infrastructure, which are most vulnerable to the impacts of extreme weather events. By providing these entities with a solution that combines the latest science in climate change, geospatial data management, artificial intelligence, and technology such as drones and IIoT, we help them adapt to the challenges posed by climate change and continue operations despite these challenges. Our solution is streamlined into the organization's workflow, minimizing risks to lives and the financial cost of loss and damage to the organization.

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Climate-B Ventures serves both enterprises and cities that are looking to build climate resilience and adapt to the increasing frequency of extreme weather events.

Enterprises often face challenges in adapting to climate risks due to a lack of expertise, resources, and awareness of the impact of climate change on their operations. Climate-B Ventures provides these enterprises with the tools and expertise needed to analyze climate risks and develop effective adaptation strategies to ensure their business operations continue to thrive despite these challenges.

Similarly, cities face challenges in developing resilience and adaptation measures due to a lack of resources and expertise, especially on how the solution needs to be designed. Climate-B Ventures addresses this challenge by providing cities with Nature-based solutions, embankment planning, better visibility of flood risk, and evidence-based drainage planning. These solutions enable cities to build climate resilience and adapt to the increasing frequency of extreme weather events.

In both cases, the solution developed using our product at Climate-B Ventures has a direct and meaningful impact on the lives of people who work in these enterprises and live in these cities. It helps them to continue their business operations and daily lives without the disruption caused by extreme weather events. The solution also helps to reduce the economic and social impact of climate change on communities by building resilience and adapting to the changing climate.

As a team, we are uniquely positioned to deliver this solution due to our close proximity and hands-on approach to understanding the needs of the communities we aim to serve. We firmly believe that in order to address the hydrological issues faced by these communities, it is essential to immerse ourselves in their environment and engage directly with the stakeholders involved.

To gain a comprehensive understanding of the risks posed by dam breaks and other hydrological challenges, our team members proactively reach out to the cities and enterprises at risk. We visit their sites, accompanied by city authorities, to conduct thorough assessments. This involves identifying breaks in embankments, analyzing the flow of water, studying the terrain, and assessing the settlement areas. By physically visiting these locations, we can gather invaluable insights and firsthand knowledge of their specific hydrological issues.

Building upon this groundwork, we employ advanced modelling software to analyze and visualize the risks in a comprehensive manner. Our team creates detailed and accurate demo models specific to the identified hydrological challenges. These models serve as a basis for our subsequent design process, ensuring that the infrastructure solutions we propose are tailored to each community's unique needs and circumstances.

However, our interaction with the communities goes much beyond just gathering and analysing data. We recognise the value of incorporating community suggestions, viewpoints, and objectives into the creation and use of our solutions. We actively involve the communities and pertinent stakeholders throughout the development process in order to accomplish this. We set up consultation meetings to hear their worries, get their opinions, and comprehend their goals. We make sure that the communities themselves are significantly guiding the design and implementation of our solutions by incorporating their feedback and actively involving them.

The firm would also be involved with communities during the implementation phase of the NBS and other adaptation responses thereby providing a holistic risk measurement, management and adaptation solution for communities and cities.

Thus the firm would be in constant engagement with its stakeholders right from the risk assessment stage till the implementation stage thereby ensuring impact creation and value addition to the communities. 

The idea for a product was initially thought of because of a certain lack of solutions linking climate risks to drive resilience in communities. 

The firm has taken a market first approach, where the firm has spoken to various stakeholders in the Indian government, state and local government bodies, large and medium scale enterprises and industries and has documented their problem statements when it comes to climate risks and physical hazards. 

The firm has then developed solutions catered to every market segment making it diverse and unique to the particular segment. 

The firm has then verified and validated the developed solutions with the respective stakeholders in every market segment. 

Thus the solution developed by the firm is now in the prototype stage and the firm is now looking to ground truth the solution in the upcoming months.

We are yet to sign the work contract, however we are in talks with 3 potential clients.

Our decision to apply to Solve is driven by our commitment to overcoming a significant barrier in our journey: creating a breakthrough in the market and accelerating our client acquisition process. While funding is important, it is not the sole reason for filling out this form. We believe that Solve's program can offer valuable support beyond financial assistance, enabling us to address this specific challenge.

One of the primary obstacles we face is going from 0 to 1 in terms of securing clients. We recognize that the deal-closing cycle in our industry is often lengthy and requires substantial effort. However, we are confident that our innovative solutions have the potential to make a transformative impact once we establish a solid foothold in the market.

By participating in the Solve program, we seek to leverage the extensive network, expertise, and resources that Solve offers. We aim to gain insights from industry leaders and experts who have successfully navigated similar challenges and achieved breakthroughs in their respective fields. The guidance and knowledge-sharing opportunities available through Solve can help us refine our market approach, streamline our client acquisition process, and shorten the deal-closing cycle.

Moreover, Solve provides a unique platform for us to showcase our solutions to a wide audience of corporations, investors, and potential clients. Through this exposure, we aim to attract strategic partnerships and collaborations that can bolster our market entry efforts. By leveraging the Solve network, we hope to establish credibility, build trust, and secure initial clients who are willing to take a chance on our innovative solutions.

While funding is a part of the broader support ecosystem offered by Solve, our primary focus is on leveraging the program's non-monetary resources to overcome the market barrier we currently face. We are eager to tap into the mentorship, expertise, and network of Solve to accelerate our journey from 0 to 1, successfully acquiring clients and making a significant impact in our industry.

In a nutshell, our decision to apply to Solve is driven by our determination to create a breakthrough in the market and overcome the challenge of securing initial clients. We recognize that Solve's program offers invaluable non-monetary support that can help us refine our market approach, shorten the deal-closing cycle, and attract strategic partnerships. We believe that by participating in Solve, we can gain the necessary tools and connections to accelerate our growth and make a transformative impact in our industry.

We provide much-needed solutions for managing hydrological hazards in a unique and significantly enhanced way. Our product stands out for its innovative approach to addressing the often overlooked adaption sector. By putting an emphasis on adaptability, we hope to close the current gap and spark wider positive effects inside the sector while reshaping the market.

Our product's commitment to using cutting-edge technology and data analytics is one of the primary features that distinguishes it as unique. We can precisely predict and assess hydrological risks with an unparalleled level of precision by integrating cutting-edge modelling software, artificial intelligence, and machine learning algorithms. We can offer practical insights and create specialised plans owing to our technological advantage, which enables communities and organisations to successfully adapt to changing hydrological conditions.

Additionally, our technology uses a thorough and integrated strategy, accounting for the complete hydrological environment and its relationships. By recognising how natural and built infrastructure, the environment, and community dynamics are interdependent, we can create comprehensive strategies that support long-term resilience and sustainability. This approach goes above and beyond traditional risk management practices and ensures that our solutions address the root causes of vulnerabilities.

Our method has the potential to catalyse wider positive effects in the business by concentrating on the adaptation sector. Through partnerships, collaborations, and knowledge-sharing activities, we hope to motivate others in the field to prioritise adaptation and use comparable creative strategies. By driving collective action, we can create a ripple effect of positive change, fostering a paradigm shift towards proactive and adaptive strategies for managing hydrological risks.

Additionally, the solutions developed by our product have the capacity to change market dynamics. We can help organisations and communities become less vulnerable to hydrological hazards by offering precise risk assessments, proactive measures, and affordable alternatives. This not only results in lower losses and better preparedness for disasters, but it also emphasises the worth and significance of funding adaptation strategies. As a result, the market is probably going to experience an increase in the need for creative adaptation solutions, which will fuel the expansion of this industry and open up new chances for market participants.

By developing a product and Integrating that with the local complexities and the local weather patterns, we would help communities and cities develop adaptation solutions curated to the particular city thereby improving its resilience and not comprising its natural beauty at the same time!

Our impact objectives for the upcoming year and the following five years are to significantly improve the quality of life in areas impacted by extreme weather occurrences. Our goal for the upcoming year is to deploy our solution in at least 5 cities and businesses, assisting them in coping with climate hazards with the aid of our cutting-edge technology and monitoring systems.

Our long-term goal is to increase the impact and reach. We want to help at least 20 communities and 50 businesses over the course of the next five years by lowering financial losses, preserving vital infrastructure, and defending lives and livelihoods. We will establish key alliances, draw on industry knowledge, and continuously develop our technology and techniques to do this.

Through the development and implementation of our solutions, we wish to develop sustainable and resilient cities by engaging local communities thereby not only creating resilient communities but also enabling green job opportunities through the development of farming activities thereby creating substantial financial impact in the process!

Direct economic loss attributed to disasters in relation to global domestic product (GDP). 

Damage to critical infrastructure and number of disruptions to basic services, attributed to disasters.

Number of deaths, missing persons and directly affected persons attributed to disasters per 100,000 population.

Proportion of land that is degraded over total land area

At Climate-B Ventures, our theory of change revolves around our innovative product that combines cutting-edge technology, advanced analytics, and customized adaptation strategies. We believe that by leveraging these tools and approaches, we can have a significant impact on addressing the challenges posed by extreme weather events and climate change.

Our product takes a holistic approach, focusing on building climate resilience for enterprises and cities, while also minimizing risks to lives and property caused by floods in India. By utilizing geospatial technology, real-time weather monitoring systems, and digital twin models generated by drones, we can accurately assess climate risks, provide early warning systems, and develop evidence-based adaptation measures tailored to the specific needs of our customers.

Through our product, we aim to achieve several key outcomes. Firstly, we help enterprises mitigate the financial impact of extreme weather events, allowing them to continue their operations despite the rising frequency of such events. By providing them with the tools, expertise, and customized strategies, we enable enterprises to build resilience and adapt to climate risks, ultimately protecting their bottom line and ensuring business continuity.

Secondly, our product addresses the challenges faced by cities in developing resilience and adaptation measures. By offering Nature-based solutions, embankment planning, improved flood risk visibility, and evidence-based drainage planning, we empower cities to proactively manage and mitigate the impacts of extreme weather events. This not only protects lives and property but also enhances the overall quality of life for residents.

Moreover, our theory of change extends beyond the direct impact for our customers. Through our product, we aim to not only drive climate resilience to the asset under study for an enterprise, but we also empower enterprises to take informed decisions on their supply chain planning and distribution. 

The impact of our solutions to cities and communities not only drives climate resilience but it also acts as an enabler of green jobs and thereby a thriving community. The NBS have the potential to intensify local jobs through maintenance, farming, food processing leading to exports of produce.

The Industrial Internet of Things (IIoT), advanced geospatial technology, and artificial intelligence (AI) are the three main technologies that underpin Climate-B Ventures' product. We can address the problems caused by extreme weather and climate change by utilising these technologies in creative and efficient ways.

Geospatial technology: To learn more about climate hazards and vulnerabilities, we manage and analyse geospatial data. We create digital elevation models and precise maps of the interest areas through high-resolution drone surveys. With the aid of this technology, we are able to precisely evaluate flood risks, identify assets that are vulnerable to flooding, and create adaptation strategies based on full knowledge of topography and hydrological dynamics.

Artificial intelligence (AI): By enabling advanced data analysis and modelling, AI is a key component of our product. Large datasets, such as meteorological data, historical climate data, and real-time sensor data gathered by IIoT devices, are processed and analysed using AI algorithms. This makes it possible for us to quickly and accurately predict and simulate climate-related situations, evaluate risks, and develop adaptive measures.

Industrial Internet of Things (IIoT): Our product's system includes IIoT components including humidity and temperature sensors, weather stations, and water level sensors. These gadgets collect real-time data from the ground, giving important details about the weather, hydrological parameters, and environmental elements. We improve the precision and dependability of our models by including this data in our research, which enables us to offer timely and context-specific adaption solutions.

Our fundamental technology enables us to develop complete, specialised solutions that are tailored to the unique requirements of businesses and cities. We provide a potent toolkit for assessing, monitoring and adapting to climate hazards by utilising the capabilities of geospatial technology, AI, and IIoT. We are able to deliver actionable insights, early warning systems, and evidence-based strategies to reduce the effects of extreme weather events and climate change because of our technology-driven approach.

Importantly, we acknowledge the value of conventional, ancestor, and natural technologies and knowledge systems while utilising modern technology in our product. Being in India, a land of such diversity, Climate B Ventures improves climate adaptation by integrating Nature Based Solutions using plants, wetlands and other solutions that are indigenous to the region, thereby empowering communities to trace back to its roots. Thus the firm creates the perfect blend between the latest cutting edge technologies and the traditional solutions to develop holistic, sustainable solutions for an independent, empowered and a thriving community

Diversity, equity, and inclusivity are given top priority at Climate-B Ventures in all facets of our work. People from all origins and regions of the nation make up our leadership team. Our decision-making processes benefit greatly from the breadth of viewpoints, experiences, and knowledge that this diversity brings.

We are dedicated to creating a welcoming and inclusive workplace. By providing flexible work schedules that meet the various demands of our team members, we encourage mental health. We support equal pay and work to make sure that everyone on the team is adequately compensated for their contributions.

Despite the fact that our company is still tiny, we have plans to introduce maternity leaves and other helpful regulations as we expand. We understand how critical it is to foster a work environment that emphasises inclusivity for all team members and work-life balance.

We are committed to increasing diversity on our team going forward. We have set goals to actively recruit individuals from underrepresented groups and create opportunities for their growth and advancement within our organization. We regularly assess and refine our practices to ensure that diversity, equity, and inclusivity remain central to our work and decision-making processes.

The business model for the firm would essentially be B2B and B2G. 

B2B business model would be employed to reach large and medium manufacturing industries, oil and gas companies, critical infrastructure firms such as power plants and mines which face climate hazards. The firm would ensure business continuity and reduction in risk to lives of its employees thereby maintaining productivity and increasing profitability in the process. 

B2G business model would be used to reach out to government bodies to develop sustainable, climate resilient cities and communities. The firm will focus on safeguarding the lives and livelihoods of its citizens by helping them adapt to the physical risks due to climate change. 

The key partners for the organizations include UAV based firms to generate Digital Elevation Models and Industrial Internet of Things manufacturing firms to help the firm with real time weather intelligence. 

The product developed would be sold as an application to the decision maker with a finite number of users. 

The pricing model would be a subscription based model with an option of a yearly renewal. 

The revenue streams for the firm would be through the sale of product and its associated consultancy service that the firm would provide. 

The marketing channel or pathway would be direct sales. The firm would not be using any channel partners.  

The company would rely primarily on the sale of it's products and services for its revenue and financial stability. This will be achieved through service contracts to government bodies, sale of products to enterprises and consultancy services associated with the product. 

The firm would also be looking to raise investment through grants and Venture Capital firms when it decides to expand its services abroad. 

The firm till date has raised investments through grants as well as equity. The firm has been awarded the Coalition of Disaster Resilience Infrastructure grant in India, and has also been awarded a grant from the Ministry of Electronics and Information Technology. The firm has further raised an investment from the Department of Science and Technology, India as a pre seed equity based investment of around $100k. The investment has helped the firm expand its team by hiring talents for product and business development.