Evercomm, WeavAir, and ReClimate are the winners of the 2023 Singapore GreenTech Challenge, a joint initiative by Microsoft, Singapore’s Infocomm Media Development Authority, and SGTech. Each winner gets benefits worth up to $350,000 and entry into the Microsoft Independent Software Vendor Success Program as partners.
This announcement was made at Microsoft’s Action for Sustainable Innovation event. The gathering showcased how innovation can drive significant climate impact, with discussions featuring the Monetary Authority of Singapore and Climate Impact X, among others.
The GreenTech Challenge is geared towards speeding up the development and adoption of sustainable solutions in Singapore, aiding the country’s goal of achieving net-zero emissions by 2050. The competition, which drew over 3 million people and saw 32 entries, unearthed new solutions to help organizations set and track sustainability targets, shift to renewable energy, and handle tradeable carbon assets.
Ms. Lee Hui Li, the Singapore Managing Director of Microsoft, commented on the initiative, saying working with partners and local innovators helps address urgent sustainability challenges. She expressed confidence that their contributions would play a crucial role in building a resilient and sustainable Singapore.
The winners of each category are as follows:
Setting and tracking sustainability targets – Evercomm
Evercomm assists businesses in managing energy as a strategic resource, tightly integrated with their production processes. Their world-first digital assurance platform, NXMap, serves as a carbon inventory and accounting tool, aligned with the ISO 14064-1 Standard and the GHG protocol to accurately calculate carbon emissions. With products such as NXOps and NXMap, Evercomm enables businesses to automate carbon footprint calculations down to the activity level. By integrating and standardizing various types of sustainability data, including dynamic and static environmental data, Evercomm empowers businesses to set and track progress towards their sustainability goals and guides them in their journey. Evercomm is an IMDA accredited company.
Identifying and transitioning to renewable energy sources – WeavAir
WeavAir offers real-time high accuracy emissions and offset analysis enabled by satellite and IoT networks. WeavAir’s competitive advantage is in their unique real-time data source and collection. Their IP includes satellite imaging with proprietary access to satellite imagery from NASA. Analytics benchmarking indicators tracked by Global Reporting Initiative (GRI), UN SDGs, Singapore Exchange (SGX), Sustainability Linked Loans Principles (SLLP). 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 – ReClimate
Reclimate’s digital platform helps projects earn additional revenue from carbon credits and energy attribute certificates with minimal effort and upfront costs. With a focus on decarbonization in the EV and Renewable energy industry, Reclimate offers digital measurement, reporting, and verification, automating the matching of projects with financial institutions and investors to determine their eligibility for green financing options and other incentives.
“We are encouraged to see so many innovative tech solutions that will help power Singapore’s efforts as a leading digital sustainability hub in the region. Congratulations to all winners and participants in this year’s Singapore GreenTech Challenge, for the exciting proposals that carry the potential to achieve Singapore’s sustainability vision. IMDA will continue to work with our local businesses and industry leaders such as Microsoft, to accelerate this green future,” said Mr Justin Ang, Assistant Chief Executive of Singapore’s Infocomm Media Development Authority (IMDA).
The Singapore GreenTech Challenge 2023 has unveiled an array of exceptional solutions to advance sustainability efforts. Evercomm, WeavAir, and ReClimate have distinguished themselves with their innovative approaches, demonstrating the transformative power of technology in driving sustainability. We congratulate the winners and anticipate the positive difference they will make in Singapore’s journey towards a greener future,” said Ms. Yean Cheong, Executive Director, SGTech.
The Singapore GreenTech Challenge 2023, coordinated by Microsoft, IMDA, and SGTech, aimed to cultivate joint innovation between upcoming eco-tech providers and corporations. The goal was to create feasible, scalable business solutions addressing current major sustainability challenges. Through expanding partnerships across public and private sectors, Microsoft is devoted to assisting companies in reducing environmental impact and fostering growth, aligning with their mission to empower everyone and every organization to accomplish more.
Read the full report here: https://news.microsoft.com/en-sg/2023/06/28/singapore-greentech-challenge-2023-winners-set-to-accelerate-development-and-global-adoption-of-innovative-sustainability-solutions/.
