Are you ready to take on a
challenge by using the best technology and a unique approach? If yes, then
apply to The Energy Open Innovation Challenge!
The Enterprise Singapore
(ESG),
in association with energy company partners, government agencies, and
innovators, is launching The Energy Open Innovation Challenge with the mission
of boosting innovation in the global energy industry.
Over the past century, the
energy sector has been one of the significant contributors of industrial
growth, fuelling the rapidly growing global economy. Singapore has developed an
extensive and integrated value chain that spans refining, crackers,
petrochemicals, and specialty chemicals manufacturing that is supported by
R&D and innovation.
Focus Areas
The challenge is inviting
local and international startups and small-and medium-sized enterprises (SMEs)
to improve the energy sector and provide solutions to four key industry needs.
- Asset
Management
- Robotics
- Sustainability
- Workflow
Funding & Incentives
- Up to S$1M of funding support and S$100K of
Startup SG Grants
- ESG
will support eligible and selected companies with up to S$1 million of
funding through grants for product development per problem statement;
- 4
startups from across all problem statements will win S$25,000 Startup SG
Grants each
- Access to leading energy companies' leading
R&D expertise
- Opportunities
for conducting a proof-of-concept with energy companies' hubs
- Develop
long-term strategic partnerships
- Gain
deeper understanding of industry challenges and needs
- Increase
prospects for co-creation or co-development activities
- Corporate deals with participating energy
companies
- Secure
test-bedding opportunities for suitable technologies
- Funding
support to be granted to the finalists
- Mentorship & Industry Network
- Shortlisted
startups/SMEs will have one-to-one meeting sessions with energy companies
- Continued
online mentorship and guidance prior to the final pitching day to all
finalist companies
- Industry Exposure
- Opportunity
to pitch solutions to the energy companies' top management and during
SFFxSWITCH 2020 (Singapore Fintech Festival x Singapore Week of
Innovation and Technology)
- Access
to a diverse pool of ecosystem partners such as accelerators, incubators,
venture capital investors, IHL and research institutes
Eligibility Criteria
- This
competition is open to all Startups and SMEs across the world.
- Startups
are companies that have been incorporated for less than 5 years
- SMEs
are companies with less than 200 employees or less than S$100 million
annual turnover
- For
research teams, regardless of the country of residence, only one person is
to register on behalf of the team members. Upon registration, the research
team will need to be ready to incorporate a company in Singapore should
they be shortlisted to work with the energy companies and offered the
grant support.
- Please
note that this Challenge is not open to employees and representatives of
the Joint Organisers.
Post Date -
10-Sep-2020