Young entrepreneur wins start-up initiative awards
Up and coming businessman Pedro Da Fonseca won the overall best start-up initiative of the year in Windhoek on Thursday last week.
Da Fonseca invented NamLux™ LED lighting technology and has been involved in entrepreneurial activities since 2007.
He was also selected by the President Dr Hage Geingob, to represent young innovative entrepreneurs in Namibia at the April 2018 Commonwealth Summit in London at St James Palace where he qualified as one of the 53 finalists at Pitch@Palace.
“NamLux™ does not have a complex circuit; it works directly on 230V without the use of an inverter system as used in other LED lights, making this product lighter, more efficient to maintain, environmentally friendly, longer lasting and more resilient in adverse environments,” he explained.
He added that currently a total of 50 lights up of which 20 are at Tsumeb; 20 Tsinsabes and 10 at Otjiwarongo and these have been in operation for over 18 months to date, without any glitches or problems and CENORED being the interested party for testing the product has shown great interest in going into a long-term agreement.