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12 startups from UOB The FinLab’s GreenTech Accelerator announced – Startups to scale innovative sustainability solutions

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UOB The FinLab has announced 12 startups selected for its inaugural The Greentech Accelerator, which includes pre-seed and seed startups across five countries in Malaysia, Thailand, Indonesia, India and Singapore – with seven of them based in Singapore.

The first cohort of startups was shortlisted from over 150 applicants across 45 countries, with a total funding support of US$105,00 (SG$150,000) to tackle real-world challenge statements in the areas of energy efficiency, zero-waste supply chain and carbon management and reporting.

The accelerator programme was launched in May 2022 and culminated in a Showcase Day at this year’s Singapore Fintech Festival Labcrawl last October 31, 2022.

Meet the 12 startups from the inaugural cohort

The 12 selected startups were put through a three-month Greentech Accelerator Programme between August to October 2022, focused on scaling their greentech solutions by offering curated masterclasses, business matching, mentorship and partnership opportunities with UOB’s network.

The 12 startups are:

Alterpacks uses organic waste to create biodegradable and compostable material to combat plastic packaging.

CO2 Connect (CO2X) Pte Ltd is founded by three innovative multi-award-winning Singapore-based companies with a shared passion for technology for sustainability.

HydroNeo is a smart farm management system that optimises aquaculture production by providing state-of-the-art technology and tailor-made solutions.

Jejak.in is a climate tech company with the sole objective of accelerating climate action by leveraging the power of technology – carbon calculator, trees and carbon monitoring, and carbon exchange.

KrossLinker is a deeptech advanced material company that designs and develops advanced energy-efficient material, ‘aerogel’, for thermal insulation applications.

Pantas provides customised end-to-end solutions to help companies calculate, manage and disclose their carbon emissions as well as access climate-themed investments and financing.

Accacia is a carbon reporting system to track Scope 1, 2, and 3 emissions at asset, portfolio and entity levels Al-enabled carbon management platform for the Real Estate sector, including Scope 3 and embodied carbon measurement.

Red Dot Analytics (RDA) is an Al-powered technology solutions provider that aims to bring research-backed Al and digital twin solutions to help organisations digitalise and optimise their data centre solutions.

Resync owns Al-driven Intelligent Energy Efficiency for Smart Buildings and Offices solutions using in-house developed ML models that enable plug & play integration, real-time control, energy savings and carbon footprint reduction.

TAVA supplies bioplastic products, cups/lids/straws made from cornstarch.

T-RECs.ai offers a full suite of services to manage Renewable Energy Certificates (RECs) for enterprises by providing comprehensive and cost-effective green solutions for companies’ Sustainability Journey.

Upcyde transforms or upcycles agricultural waste by designing usable products by being able to control and manage the supply chain, both upstream to downstream, and processing the vast volume of agricultural waste.

The inaugural UOB The FinLab Greentech Accelerator

The Greentech Accelerator fast-tracks the development of sustainable technology solutions by providing access to masterclasses, industry networks and world-class mentors.

The programme helps solution providers tackle real-world pain points from SMEs and corporate partners to co-create solutions for partnerships and pilot projects, helping them kick-start their journey to a more sustainable business model.

“According to the 2022 ASEAN SME Transformation Study by UOB, Accenture and Dun & Bradstreet, 65 per cent of SMEs within ASEAN have indicated sustainability to be an area of importance and concern due to increasing pressure from consumers. The Greentech Accelerator has responded to this challenge and demonstrated the power of cross-border collaboration and co-learning.

“For the past three months, these innovative greentech startups have benefited immensely from the fresh perspectives, knowledge and guidance of well-established companies. They are well on their way to being key supply drivers of sustainable technology to help businesses, big or small, adopt eco-friendly practices, technology, and green financing. The FinLab is proud to have provided these startups mentorship and opportunities to tailor and scale unique solutions to meet the ESG needs of local and international businesses,” said Shannon Lung, Head of The FinLab.

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