2024 Year in Review
Highlight key milestones in 2024 and showcase real results UOB FinLab achieved this year
GreenTech Accelerator 2024 – Unveiling the Shortlisted Participants
UOB FinLab is ecstatic to officially launch the GreenTech Accelerator 2024. We kicked-off the programme with a launch event in Singapore, Malaysia and Thailand, where we unveiled the 33 greentech finalists. This is a huge milestone for us as this year marks the second iteration of the programme and solidifies our commitment to supporting regional greentechs and sustainable innovation. We are very excited to see the shortlisted greentech’s innovative solutions and how those solutions address the challenge statements from our partners.
Janet Young, Managing Director and Group Head, Channels and Digitalisation, Strategic Communications and Brand, UOB, shares her welcome address for the GreenTech Accelerator 2024 kick-off
Don Wee, Senior Vice President, Corporate Sustainability Office, UOB, shares with the audience on UOB’s sustainability commitment
Introducing the GreenTech Accelerator 2024
The GreenTech Accelerator 2024 is a 6-month regional programme for global greentechs to grow, transform, forge partnerships and pilots to meet the sustainability needs of companies.
The GreenTech Accelerator 2024 is designed to fast-track the development of sustainable technology solutions by providing access to masterclasses, over 30 world-class mentors across Singapore, Malaysia and Thailand, as well as UOB FinLab’s vast network of 25,000 industry leaders including businesses, governments, SMEs, and tech suppliers. This year’s programme will also offer up to SGD100,000 for greentechs to pilot innovative, relevant and deployable solutions with businesses.
Marianne Tan, Programme Director, UOB FinLab, shares more about the GreenTech Accelerator 2024 programme
Shannon Lung, Head of UOB FinLab, shares his closing remarks for the GreenTech Accelerator 2024 kick-off
The GreenTech Accelerator 2024 builds on the successful inaugural run in 2022 that saw over 150 applications from more than 45 countries. The inaugural programme resulted in over 160 meaningful business connections, and the establishment of 8 pilots and partnerships.
Now in its second run, this year’s programme is poised to make a significant regional impact, with a focus on Singapore, Thailand, and Malaysia.
During the six months, the selected greentechs will address challenge statements which tackle real-world sustainability pain points from UOB’s corporate partners to co-create solutions through partnerships and pilot projects.
The Challenge Statements
UOB FinLab worked closely with its corporate partners to issue sustainability-related challenge statements that each firm is facing. The selected greentechs will work together with their respective challenge statement partner and develop innovative solutions to tackle real-world sustainability issues.
The challenge areas for 2024’s programme is in the following areas:
Circular Economy and Waste Management
Looking for solutions to efficiently sort waste to upcycle materials (paper, plastic, water, etc.) and maximise its uses.
Energy Efficiency
Looking for solutions track energy usage, reduce energy consumption and maximise energy saving capabilities.
Food and Agriculture
Looking for solutions to provide alternative or sustainable food production for long-term growth.
Sustainable Cities and Urban Planning
Looking for solutions to implement and establish environmentally friendly processes to meet the needs of the community.
Sustainability Reporting and Carbon Management
Looking for solutions to track and assess important ESG and carbon emission data for transparency and to make informed decisions.
Meet the Shortlisted Greentechs
This year, over 350 companies applied for the programme, but only 33 companies have been selected. These companies are split into 5 categories (Per the challenge statements) and come from Singapore, Malaysia and Thailand.
Greentechs introduce themselves and their companies with the audience
Mentors introduce themselves with their key skills and expertise, ready to mentor and support the greentechs during the GreenTech Accelerator 2024 programme
Singapore
Energy Efficiency
Platform which integrates EV charging solutions in Southeast Asia, offering seamless access and payment across various networks.
Circular Economy and Waste Management
Offers real-time monitoring, compliance management, and supply chain integration for comprehensive waste management.
Energy Efficiency
Delivers energy-saving solutions that help reduce costs and promote sustainability for businesses through monitoring and optimising consumption.
Carbon Management and Reporting
Enables businesses to monitor and optimise energy use by enhancing carbon footprint management.
Carbon Management and Reporting
Consolidates and interprets diverse ESG data (risk assessments and environmental impact analyses) for financial institutions and corporations.
Circular Economy and Waste Management
Provides chemical-free, high-performance and modularised electrochemical technologies to replace conventional chemical and energy-intensive processes for wastewater treatment.
Carbon Management and Reporting
Specialises in climate modelling, using AI-driven software, PlanetGPT, to simplify and enhance climate data analysis for companies aiming for net zero.
Food and Agriculture
Offers sustainable, chemical-free water treatment using ActivH2O, an electrolysis solution that eliminates micro-organisms, bacteria, and viruses without chemicals or salt.
Carbon Management and Reporting
Supports processes for sustainable sourcing and evaluate suppliers’ RFP with their end-to-end digital carbon emission management platform.
Sustainable Cities and Urban Planning
A gamified app which bridges the intention-action gap in sustainability, engaging communities through challenges and real-time impact measurement.
Food and Agriculture
Reduces food waste and decreases carbon emissions through their scalable valorisation patent-pending process which converts abundant vegetable side-streams into functional ingredients.
Circular Economy and Waste Management
Employs AI for efficient waste sorting, boosting recycling rates and reducing contamination.
Malaysia
Circular Economy and Waste Management
Provides mycelium-based packaging as an eco-friendly alternative to polystyrene, reducing reliance on fossil fuels and minimising waste.
Circular Economy and Waste Management
Provides sustainable waste management solutions using black soldier flies, converting organic waste into high-protein feed and fertilisers.
Sustainable Cities and Urban Planning
Offers smart home software to reduce management cost and enhance energy efficiency in homes.
Circular Economy and Waste Management
Identifies wastages and inefficient equipment usage through their proprietary cloud-based energy management platform.
Sustainable Cities and Urban Planning
Reduces noise and air pollution in Malaysia by promoting the adoption of EVs and transforming heritage sites into EV charging locations.
Circular Economy and Waste Management
Addresses climate change by upcycling paper liner waste from the label industry.
Circular Economy and Waste Management
Provides comprehensive waste management solutions that efficiently converts all forms of waste streams into reusable and recyclable by-products.
Food and Agriculture
Manufactures photosynthesis enhancers and provides innovative solutions to address food security challenges and climate change.
Carbon Management and Reporting
Offers comprehensive services for energy data collection, management, and certification.
Energy Efficiency
Provides technology and consulting for businesses to optimise electricity consumption.
Thailand
Energy Efficiency
Optimises energy use and cuts emissions in buildings by analysing data like electricity, weather and occupancy.
Food and Agriculture
Develops sustainable technology and processes for aquaculture farming by solving critical water and disease issues.
Carbon Management and Reporting
Provides an accessible platform for businesses to measure, monitor, and reduce their carbon footprint.
Carbon Management and Reporting
Provides platform to monitor and offset carbon footprints for individuals.
Energy Efficiency
Provides a platform for managing EV charging stations to consolidate payment, demand response and virtual power plant integration.
Circular Economy and Waste Management
Offers integrated waste technology solutions, such as better waste sorting, to reduce landfills and create a circular economy.
Circular Economy and Waste Management
Offers sustainable, cost-effective wastewater treatment system that requires less power supply, less chemical adding and less maintenance.
Energy Efficiency
Provides advanced nano coatings to enhance solar panel efficiency by repelling dust and water, reducing maintenance and boosting energy generation.
Food and Agriculture
Offers a seaweed-based, durable and compostable alternative to plastic straws, aiding in plastic pollution reduction.
Circular Economy and Waste Management
Produces low carbon materials from agricultural waste like corn husks and straw, reducing CO2 emissions.
Circular Economy and Waste Management
Provides sustainable alternatives by upcycling food loss and manufacturing pineapple leather using leftover fruit peels.
Circular Economy and Waste Management
Strengthens the bamboo industry by providing innovative and sustainable methods to collect information and share it with the local communities.
Our Challenge, Supporting, Community and Tech Partners
UOB FinLab would like to express our sincere appreciation to all our partners for the GreenTech Accelerator 2024 programme.
Challenge Partners
The list of challenge partners for the GreenTech Accelerator 2024 are as follows:
Supporting Partners
The list of supporting partners for the GreenTech Accelerator 2024 are as follows:
- ACE
- Amazon Web Services
- Bizz Up
- Centre for Environmental Sustainability
- Centre for Impact Investing and Practices
- Digital Economy Promotion Agency
- DHL
- EcoLabs Centre of Innovation for Energy
- Enterprise Singapore
- ESGpedia by STACS
- GreenRocket
- MDEC
- MRANTI
- NIA
- NSTDA
- Quest Ventures
- Singapore FinTech Association
- SGInnovate
- Techsauce
- Temasek Foundation
Community Partners
The list of community partners for the GreenTech Accelerator 2024 are as follows:
Tech Partner
The list of tech partner for the GreenTech Accelerator 2024 are as follows:
Look forward to future greentech spotlights and news regarding the showcase day in November.
UOB FinLab team, Mentors and Greentechs
For more information on The Greentech Accelerator 2024, its challenge statements, their past participants and more details about this year’s shortlisted participants, click here.
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