Company: Exora Technologies
School: Ateneo de Manila University
With the high cost of electricity in the Philippines and after becoming aware of the inefficiencies in working with one of the country’s electricity suppliers, John and his co-founder came up with the idea for their company, Exora. Exora is a technology platform that allows businesses to place their electricity profiles up for bidding, giving electricity suppliers the opportunity to put forward a proposal based on the business’ desired price range and contract details. John hopes that a platform like Exora will allow for more competition in the electricity market, hopefully driving prices down. A similar concept could be expanded to the household electricity market in the future.