The GreenTech Accelerator 2024
The GreenTech Accelerator is a 6-month regional programme for global greentechs to grow, transform, forge partnerships and pilots to meet the sustainability needs of companies.
Timeline
Who Are We
Looking For?
- Solutions with Tech Readiness Level (TRL) 6 and above
- Preferably with commercial customers and/or partners
- Funding stage of Pre-Series A and above
- Intention to expand, do business or serve Asian markets
Greentechs in the area of:
Energy Efficiency
Examples
- Energy Monitoring Systems / IoTs
- EVs and Charging Infrastructure
- Solar and Energy Storage / Deployment
- Renewable Energy Certificates (RECs)
Circular Economy and Waste Management
Types of Waste Include: Electronic, Food, Plastic, Water
- Waste Collection and Upcycling
- Waste Processing and Recycling
- Resource Management and Efficiency
Sustainability Reporting and
Carbon Management
Examples
- Corporate Sustainability
- Calculation, Disclosing and Reporting of Scope 1, 2 and 3 emissions
- Carbon Capture and Utilisation
- Carbon Credits and Offsets
Food and Agriculture
Examples
- Sustainable Farming and Data-Led Innovation
- Food security and Value Chain Efficiency
Sustainable Cities and Urban Planning
Examples
- Smart Cities
- Urban Mobility Planning
- Green Buildings and Infrastructure
- Certifications and Audits
- Environmental Quality Monitoring
Challenge Statements
We are looking for solutions on analysing waste streams and identifying recycling and upcycling opportunities.
We are looking for solutions to assess our water usage patterns and areas of wastage, as well as improvement areas for water efficiency.
We are seeking a partner skilled in upcycling to transform some of our end-of-life medical and aesthetic products into upcycled goods.
We are looking for a partner capable of supplying us with FSC certified packaging while also being able to monitor the associated emissions. Additionally, we expect our partner to share forestry impact metrics, including figures on water usage, energy consumption, community employment, and other relevant factors.
We are looking for a plastic sorting technology with capabilities to sort the more sustainable LDPE plastics into downstream production of plastic rolls and sheets for construction.
We are looking for utilisation of a more sustainable packaging material for online delivery to customers.
We are looking for sustainable solutions to reduce the overall volume general waste (excluding food waste) on campus.
We are looking for technologies that can sustainably reduce and/or recycle the water used in cooling towers.
We are looking for cost-effective solutions to collect and recycle paper and plastic packaging waste from 60 UNIQLO Malaysia stores nationwide.
We are looking for solutions to reduce water usage for toilet flushing and general washing.
We are looking for solutions to identify water usage patterns to improve water efficiency.
We are looking for new wastewater management solutions that can eliminate oil and organic substances from wastewater.
We are actively seeking sustainable alternatives to materials that match the high quality of cotton while costing the same or less than typical fabrics.
We are actively seeking innovative solutions to utilise post-production waste, particularly leftover fabric, in a way that adds value and reduces waste management costs. By repurposing these materials, we aim to contribute to a more sustainable and efficient production process.
We are exploring methods to produce garments in small quantities (500-1000 pieces) while maintaining the same cost efficiency as manufacturing 10,000 pieces. This could involve various approaches, such as conceptual changes, process optimisation, or the use of specialised tools.
We are looking for a sustainable and cost effective packaging for pet foods.
We are looking for a solution to manage damaged or returned beauty or personal care products without the need of disposing it at landfills.
We are looking for cost efficient sorting technology to separate PVC waste between usable and useless one to reduce manpower and increase high quality of performance.
Reducing plastic waste into plastic pallets is energy intensive. We are looking for an energy saving solution for our manufacturing facility to reduce our electricity consumption by a further 30%.
We are looking for smart lighting solutions to reduce energy consumption without replacing existing LED luminaires.
We are looking for solutions to identify and reduce excess energy consumption to maximise our energy saving capabilities.
We are exploring alternative and sustainable transportation methods for distributing our products, aiming to reduce our reliance on trucks due to the high cost of gasoline.
We are looking for solutions to keep/control room temp in production area at target (20-22C) while minimizing use of electricity.
We are looking for innovative battery solutions, ideas or business models for EV commercial vehicles (e.g. Trucks and Prime Movers) in the logistics industry.
Our significant electricity expenses stem from the necessity of maintaining cold rooms for storing raw materials and finished products, as well as air conditioned working areas for cleaning birdnest. We are looking for ways to reduce energy consumption and lower electricity usage (e.g. through solar panels, effective cooling systems etc).
We are looking for solutions to reduce energy usage for hot water and air-conditioning by 30-50% in order to decrease electrical expenses and improve operational efficiency.
We are looking for a solution to monitor, control and report energy consumption and savings across our factory and retail shops.
We aim to cut down on energy cost and consumption as we require machinery to run for long period of time and production rates are high. We are looking for a comprehensive breakdown of energy usage across the manufacturing plant.
We are looking for ways to increase the production of organic products for farmers in Thailand to meet the growing domestic and international demand in order to be considered as a “large exporting organic farm”.
We are looking for solutions to reduce the lost of flour during the frozen fried shrimp production process or ways to make use of these excess flour.
We are looking for effective solutions to optimise our chiller machine.
We are looking for alternative ways to freeze shrimp instead of using liquid CO2.
We are looking for innovative solutions to contribute to improving the health and eating habits of people through amino acids or alternative sustainable food production.
We are looking for a direct air carbon capture and utilisation technology to prototype on the rooftop of our building.
We are looking for rainwater harvesting solutions for the roof at The Shoppes.
We are seeking a robotic or semi-automated sewing machine to bolster high-volume production. Our goal is to reduce costs while simultaneously enhancing workforce efficiency as we navigate an aging society.
We are looking for solutions to enable exhibitions to be more environment-friendly, using reusable construction materials, batches, and replacing materials with more digital solutions for Sustainable MICE.
We are looking for solutions on how to integrate ESG risk and impact into supplier RFPs, assessments and collection of suppliers’ emissions’ data.
We are looking for solutions to perform gap analysis on our sustainability reporting, beyond environmental / carbon impact to include social impact information such as workforce data.
We are looking for solutions to track and assess impact on biodiversity across our value chain.
We are seeking a partner capable of quantifying the carbon emissions achieved by replacing our current Styrofoam packaging to reusable alternatives.
Programme Structure
ESG & Business Masterclasses
Designed with expertise from the bank and the industry, the masterclasses will cover topics like management, sustainability, commercialisation, and international market expansion
Partnerships & Mentorships
Partnerships and mentorships are key pillars, tapping into our 23,000 network comprising of governments, corporates, SMEs, and tech providers for 1-1 meetings to expedite the development of innovative greentech solutions
Pilots & Test-Bedding
Working closely with our demand drivers of corporates and SMEs to pilot and test-bed solutions to tackle actual sustainability-related challenges for businesses
Mentors Profiles
Learn more about our business mentors, who bring a wealth of experience from diverse industries to help accelerate your business growth.
Our Partners
Challenge Partners
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Testimonials from past participants
“We received immense potential from the GreenTech Accelerator programme. We managed to meet industry leaders, bounce ideas off other players in the space and secured new clients. Being in front of such a curated network opened REDEX up to many business touchpoints where we could collaborate and work with new partners. At the same time, we were able to contribute back to the space by sharing our key insights with other industry players and our approach to long term sustainability.”
Alex Loh
Business Development Director
Redex
Testimonials from past participants
“Our experience in the inaugural GreenTech Accelerator was fantastic. Through the programme, we connected with more than 15 industry experts and we managed to embark on a pilot project together with UOB to support Thai shrimp farmers in digitalising their processes. We’re excited to leverage our IoT Smart Farming Solution to analyse production-related data and tailor energy saving solutions for businesses, establishing a more sustainable and efficient farming ecosystem in Thailand and ultimately Asia in the long run.”
Fabian Reusch
Managing Director
HydroNeo
Testimonials from past participants
“Resync is very appreciative of the support that UOB Finlab GreenTech Accelerator has provided to us. Throughout the program, we had good exposure to SMEs as well as UOB’s own portfolio for exploring opportunities to deploy our Smart Building solution at scale. It is definitely beneficial that Resync has gained visibility, knowledge and credibility by being recognized as a graduate Greentech from this program, and we look forward to following through on all commercial opportunities that have been uncovered as a result of this.”
Mark Dinesh
Business Development & Sales Manager
Resync
Testimonials from past participants
“Krosslinker greatly benefitted from masterclasses and mentorship on various aspects of entrepreneurship starting with go-to-market strategy, business model, expansion, hiring and retaining talent, challenges in fundraising for deep-tech startups.
We also had the opportunity to be matched with corporate partners to pilot our solutions. This is critical for any startup as customer development consumes lot of time and resources.
Above all, the program is equity free and no fee is charged :)”
Gayathri Natarajan
Co-Founder and CEO
KrossLinker
GreenTechs 2024
Click on each logo to find out more about the company
Singapore
Malaysia
Thailand
Partners
Challenge Partners
Supporting Partners
Community Partners
Tech Partners
The GreenTechs from 2022
Frequently Asked Questions
The GreenTech Accelerator is a 6-month regional and global programme, organised by UOB FinLab, to grow and transform innovative greentech solutions to meet the economic and environmental needs of businesses and to forge a sustainable future for all.
We are looking for global solutions that are scalable, with a Technology Readiness Level of 6 and above, and focusing on any of the following themes: (1) Energy Efficiency; (2) Zero-Waste Supply Chain; (3) Carbon Management and Reporting; (4) Agriculture and Aquaculture.
The programme will focus on working together with SMEs and corporates to pilot and commercially deploy solutions, access world-class mentors and experts, learning and development to grow your business.
The programme is equity-free and there is no payment needed to join the programme.
You need not be in Fintech to apply for The GreenTech Accelerator.
We encourage all selected companies to commit at least one C-level representative or a key decision maker to attend the entire 6-months programme to get the maximum benefit from the programme.
