Filipina entrepreneur shines at Apec; Obama moderates
Summary
TLDRThe transcript details the story of two young entrepreneurs who founded Salt, a company that offers a sustainable alternative lighting solution to address light inequality in the Philippines. They focus on providing a safer and more cost-effective lighting option to communities at the bottom of the pyramid, who currently rely on hazardous kerosene lamps. The founders highlight the need for a support system, particularly in terms of funding, to scale up production. The discussion also emphasizes the reality of climate change, comparing it to cancer and urging action before it's too late. The Salt lighting solution not only provides light but also has the potential to charge cell phones, thereby encouraging e-commerce and economic development in these communities.
Takeaways
- 💡 The founders of Salt created a sustainable alternative lighting solution to address light inequality in the Philippines, focusing on the bottom 15-20% of the population who live in island communities without access to power grids.
- 🔥 Kerosene lamps, commonly used by these communities, are dangerous and can cause fire accidents and black carbon emissions, hence the need for a safer alternative.
- 🌱 Salt aims to provide a more cost-effective and safe lighting option, exemplifying leapfrog technology where young entrepreneurs innovate to solve pressing issues.
- 🤝 The speaker suggests that both government and larger companies can assist by creating an environment conducive to innovation, which encourages young entrepreneurs.
- 💰 A key challenge for the Salt founders is securing funding to scale up and mass-produce their product, highlighting the need for financial support systems for passionate entrepreneurs.
- 🏆 The Salt lighting solution has already gained recognition through awards and attention, indicating its potential for success and impact.
- 🔌 The Salt lamp not only provides light but also has the functionality to charge cell phones, which could increase the use of e-commerce and digital services in these communities.
- 🌍 The founders emphasize the reality of climate change, comparing it to cancer in terms of its progression and the urgency of taking action before it's too late.
- 👨👩👧👦 The long-term investment in addressing climate change is crucial for the well-being of future generations and depends on maintaining a habitable planet.
- 🔗 There is a potential synergy between providing lighting solutions and promoting economic activities like e-commerce in underserved areas.
- 📈 The analogy of climate change to cancer underscores the importance of early intervention and awareness to prevent the exacerbation of its effects.
- 👏 The speaker calls for recognition and support for initiatives like Salt, which not only solve immediate problems but also contribute to long-term sustainability and economic development.
Q & A
What is the main objective of the Salt project?
-The main objective of the Salt project is to address the light inequality gap by providing a sustainable alternative lighting solution, particularly for the bottom 15-20 percent of the Philippines' population who live in island communities and are not connected to power grids.
Why is there a need for an alternative lighting solution in the Philippines?
-There is a need for an alternative lighting solution because the current reliance on kerosene and fuel-based lamps poses significant dangers, including the risk of fire accidents and the release of black carbon.
What are the benefits of the Salt lighting solution over traditional kerosene lamps?
-The Salt lighting solution is more cost-effective and safer than traditional kerosene lamps, reducing the risk of fire accidents and environmental pollution.
How does the Salt project fit into the global trend of young entrepreneurs developing leapfrog technologies?
-The Salt project exemplifies the trend of young entrepreneurs creating innovative solutions that leapfrog traditional development stages, directly addressing social and environmental issues with modern, sustainable technologies.
What role can governments and larger companies play in supporting young entrepreneurs like those behind the Salt project?
-Governments and larger companies can support young entrepreneurs by creating a conducive climate for innovation, which may include reducing bureaucratic hurdles, providing funding, and offering mentorship or networking opportunities.
What is the biggest challenge the Salt project is facing in terms of scaling up?
-The biggest challenge the Salt project is facing is securing funding to mass-produce the lighting solution and get the project moving forward.
How does the Salt lighting solution contribute to addressing climate change?
-The Salt lighting solution contributes to addressing climate change by providing a cleaner, safer alternative to kerosene lamps, thereby reducing the release of harmful pollutants and greenhouse gases.
What is the analogy used to describe the current stage of climate change?
-The analogy used is that climate change is like cancer, with the current stage being similar to stage two, where symptoms are felt and treatment is necessary to prevent the progression to more severe stages.
Why is it important to invest in projects like Salt for future generations?
-Investing in projects like Salt is crucial to ensure that future generations can enjoy prosperity, which is dependent on a healthy planet that can accommodate human life and activity.
In addition to providing light, what other function does the Salt lighting solution offer?
-In addition to providing light, the Salt lighting solution can also charge cell phones, potentially increasing the use of e-commerce and digital services in the communities it serves.
How can the public and private sectors be more helpful to young entrepreneurs?
-The public and private sectors can be more helpful by providing a support system that includes funding, mentorship, and resources to help young entrepreneurs overcome challenges and scale their innovative solutions.
What is the significance of the Salt project in terms of economic development for the communities it serves?
-The Salt project is significant for economic development as it not only improves living conditions by providing safer lighting but also facilitates access to digital services and e-commerce, potentially opening up new economic opportunities for the communities it serves.
Outlines
💡 Addressing Light Inequality with Sustainable Lighting Solutions
The founder of Salt discusses the motivation behind the company's creation, which is to provide a sustainable alternative lighting solution to address the light inequality gap in the Philippines. Focusing on the bottom of the pyramid, which includes about 15-20% of the population living in island communities without access to power grids, Salt aims to replace kerosene lamps with a safer and more cost-effective lighting option. The founder emphasizes the dangers of kerosene lamps, such as fire accidents and black carbon emissions. The discussion also touches on the role of government and larger companies in fostering innovation by young entrepreneurs, highlighting the need for a support system and funding to scale up the technology. The founder also stresses the reality of climate change and compares it to cancer, urging for action before it's too late. Additionally, the Salt lighting solution doubles as a cell phone charger, potentially promoting e-commerce and economic activity in the communities it serves.
🏆 Recognition and Support for Innovation
The script indicates a moment of recognition for Jack and the chef, suggesting that they have received an applause from an audience, likely for their contributions or achievements related to the topic at hand. The exact nature of their recognition is not detailed in the paragraph, but it is clear that they are being acknowledged for their efforts, possibly in the context of entrepreneurship or innovation in sustainable technologies.
Mindmap
Keywords
💡Sustainable alternative lighting
💡Light inequality gap
💡Kerosene lamps
💡
💡Leapfrog technology
💡Support system
💡Climate change
💡E-commerce
💡Public sector
💡Private sector
💡Innovation
💡Philippines
Highlights
Founded Salt as a sustainable alternative lighting solution to address light inequality in the Philippines.
Targeting the bottom of the pyramid, which comprises 15-20% of the country's population.
Many families live in island communities without connection to power grids, relying on kerosene lamps.
Kerosene lamps pose dangers such as fire accidents and black carbon emissions.
Aims to provide a safer, more cost-effective lighting option for these communities.
Salt's technology is an example of leapfrog technology, where young entrepreneurs are leading innovation.
Government and larger companies can assist by creating an environment that encourages innovation.
The biggest challenge is scaling up and mass-producing the sustainable lighting solution.
Currently seeking funding to move the project forward.
Emphasizes the reality of climate change, comparing it to cancer with stages of progression.
Urges action to prevent reaching a point of no return in terms of climate change.
The sustainable lamp can also charge cell phones, potentially increasing e-commerce and purchasing activities.
The project has won prizes and received attention, indicating its viability and potential impact.
The need for a support system for young entrepreneurs with passion and innovative ideas.
Highlighting the potential for synergy between providing light and enabling technology use.
The importance of ensuring future generations can enjoy prosperity, which depends on a sustainable planet.
Encouraging applause and recognition for the young entrepreneurs behind the Salt project.
Transcripts
Oh tell us a little bit about what your
idea was tell us about salt and what
lessons have you learned as a young
entrepreneur in terms of making an
impact my brother and I founded salt so
it's a sustainable alternative lighting
and our main advice is we want to we
wanted to address the light inequality
gap first in the Philippines by focusing
on the people at the bottom of the
pyramid because it comprises of about 15
to 20 percent of the country's
population now most of these families
live on island island communities and
they are not connected to power grids so
they mainly use kerosene and fuel based
lamps as the main source of lighting and
we know the the danger that kerosene
lamps poses it can cause fire accidents
in black carbon so that's the main
reason why what we want is we wanted to
provide these people a lighting option
that is more cost effective more safe so
I think is a perfect example of what
we're seeing in in a lot of countries
young entrepreneurs coming up with
leapfrog technology how can both
government and larger companies be
assisting in creating the kind of
climate for innovation that encourages
young entrepreneurs locations
yeah government is simple just to reduce
the text so no text for these guys
well you got a lot of cheers from your
fellow CEOs I should be what have been
the biggest challenge for you in terms
of scaling up you've got a technology
you feel confident that it can work
she's won by the way a lot of prizes and
gotten a lot of attention so we this is
not like one of those infomercials where
you know you order it you can't make the
thing work it's so how could both the
public sector and the private sector be
more helpful in terms of encouraging
young entrepreneurs like you
based on our experience I guess what we
need here it's like a support system
because we have we have the passion yes
we we also need a lot of support and in
terms of funding so that's where that's
our main challenge right now we're on a
critical phase we're trying to mass
produce the lamb so we're just looking
for someone to find us to get the
project moving
I must understand
so so serving as a matchmaker girl okay
oh I just wanted to emphasize that
climate change is real so it's a fact
it's not a myth that scientists created
in order to get funding or grants so
it's real so it's happening now just to
give you like a simple analogy of what
stage we're in in climate change right
now
it's like climate change like cancer so
at stage one your yourself starts
mutating and then at stage two we start
feeling the symptoms if you're
self-aware you go to the doctor and get
treatment if you're not aware of course
you take it for granted and then you go
on to stage two you start filling the
the severe effects of the symptoms until
finally stage four you're noticing that
your health starts declining you get to
that you get the best oncologist a the
best Hospital but it's not working
because everything is too late so
climate changes like that so right now I
believe so we're on stage two so it's
it's stage two so I'm just saying people
you don't want you don't want to get to
stage four and we all have a huge
investment in in making sure that our
children our grandchildren our
great-grandchildren are able to enjoy
prosperity and it's that's dependent
ultimately on a planet that accommodates
us I will say that you the the lamp you
talked about in addition to providing
light you can also charge your cell
phone right and if you if you're if
people have these lamps they're more
likely to charge their cell phone which
means they're more likely to use
e-commerce and more likely to purchase
things
so I think that there's a synergy here
everybody please give Jack and I chef
big round of applause
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