Enterprise Singapore (ESG) is calling for applications for the Energy Open Innovation Challenge. This is for local and international startups and small-and-medium-sized enterprises (SMEs). It is for those who are ready to take on a challenge by using the best technology and unique approach.
It is fully virtual, and you can pitch from the comfort and safety of your own home and office. Then, you can be a part of an exclusive audience; and watch like-minded startups and SMEs pitch their unique solutions to the participating energy companies on the virtual pitching day.
About The Energy Open Innovation Challenge
Over the past century, the energy sector has been one of the significant contributors to industrial growth, fuelling the rapidly growing global economy. Singapore has developed an extensive and integrated value chain that spans refining, crackers, petrochemicals, and specialty chemical manufacturing that is supported by R&D and innovation. The demand in Asia for energy, chemicals, and products with specialty chemical components will remain strong over the next 5 years.
As a result, Enterprise Singapore (ESG), in association with energy company partners, government agencies, and innovators, is launching The Energy Open Innovation Challenge. This is with the mission of boosting innovation in the global energy industry.
It is calling for 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, and Workflow. So, everyone including you is welcome to submit multiple entries to tackle various problem statements.
As a participant, you can use this opportunity to collaborate and cross-develop your new solutions with a pool of innovative companies and energy industry experts. This is your chance to showcase your unique solutions to global energy companies and establish new business opportunities.
Successful entries will be eligible for several of the following prizes;
- Up to S$1M of funding support and S$100K of Startup SG Grants
- Access to leading energy companies’ leading R&D expertise
- Corporate deals with participating energy companies
- Mentorship & Industry Network
- Industry Exposure
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 and many more
The Energy Open Innovation Challenge phases include;
- Open Call: 3 Sep to 6 Nov 2020. Register and submit your proposal
- Deepening Phase: 18 to 27 Nov 2020; Shortlisting of up to 50 companies and an invitation to 1-1 meetings with energy companies
- Virtual Pitching Day: 7 to 11 Dec 2020: Online final pitching sessions and next steps for implementation
Also, you have to remember to stay tuned as the results will be announced after the pitching concludes.
Application for the Energy Open Innovation Challenge closes on 6 Nov 2020, 12:00 PM GMT+8. So if you are running a startup or an SME, you can learn more and apply using this link; https://energy.innovation-challenge.sg/en/challenges/energy-2020
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