Singapore Launches GreenTech Challenge 2023 to Accelerate Sustainable Innovation

Microsoft, together with Singapore’s Infocomm Media Development Authority (IMDA) and SGTech, announced the launch of the Singapore GreenTech Challenge 2023.

This nationwide challenge aims to accelerate the development and use of innovative sustainability solutions in Singapore, as the nation makes progress on its green plan and works towards getting to net zero by 2050.

The Singapore GreenTech Challenge 2023 aims to accelerate the creation of sustainability-focused solutions in three key areas, in line with United Nations Sustainability Development Goals (UN SDG):

Setting and tracking sustainability targets: Solutions that can integrate and standardise several types of sustainability data (e.g., environmental, social and governance data), allowing businesses to set and track progress against sustainability targets.

Identifying and transitioning to renewable energy sources: Solutions that will help businesses identify renewable energy sources (e.g., solar, wind, hydro or low-carbon hydrogen) for potential use as they reduce carbon emissions.

Create, buy, and sell tradeable carbon assets: Solutions which allow businesses to create tradeable carbon assets through digitally enabled sequestration measurement and interact with the carbon market.

All early to mid-stage eco-tech start-ups and corporate venture teams with a software-based solution that addresses environmental or social challenges are welcome to apply for one of the three challenges.

Through the Singapore GreenTech Challenge, Microsoft aims to encourage collaboration and co-innovation between emerging eco-tech solution providers and corporates who share a common goal of driving innovation for sustainability in Singapore.

The challenge is designed to create practical, scalable, and implementable business solutions that can address the most pressing sustainability issues today.

Winners will stand a chance to win up to US$350,000 in benefits per challenge and will be able to tap into the Microsoft and IMDA partner networks and expertise as they grow and scale their sustainability solutions powered by the Microsoft Cloud.

Winners will be onboarded to the Microsoft Independent Software Vendor (ISV) Success Program and be recognised as a Microsoft ISV partner.

#ecotech #carbontrading #renewableenergy

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