Six ideas to make Asia’s bustling cities cleaner, greener places to live and work have made the shortlist for this year’s The Liveability Challenge, a global search for solutions that change the way we produce and consume energy and resources.
This initiative, organised by Eco-Business and presented by Temasek Foundation, in partnership with Ecosperity Week 2019, is in its second year and provides a platform for connecting investors and entrepreneurs in the sustainable development space.
From a total of 300 entries from 51 countries, the shortlisted ideas include a device to enhance diesel engines with hydrogen for more efficient fuel consumption, an alternative protein made from fermented algae, and a 3D printing device that uses organic materials rather than plastic.
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Most of the finalists for the competition are from Singapore, with others from Germany, the United States and Hong Kong.
The finalists are…
1. Companies: Biomass Energy Systems Inc, Dewcon Instruments Inc, Flexi Systems Singapore (United States)
Idea: Low-energy air conditioning and water harvesting
2. Company: Chitinous (Singapore)
Idea: 3D printing using organic materials
3. Company: Cloud&Heat Technologies (Germany)
Idea: An energy-efficient way to cool for data centres using waste heat
4. Company: Neuto HEEV (Singapore)
Idea: A traditional engine turned into a highly fuel-efficient engine powered by hydrogen
5. Company: Revolv (Hong Kong)
Idea: Container rental to replace single-use plastic in food deliveries
6. Company: Sophie’s Kitchen (Singapore)
Idea: Protein-rich flour made from algae
Counting down to 7 June
The winner of The Liveability Challenge, which is supported by Temasek Foundation, the philanthropic arm of government investment company Temasek, will receive up to S$1 million (US$734,000) in funding for their project.
Other finalists stand to win a fundraising campaign worth up to S$500,000, a place on an incubator programme, and a mentorship opportunity with Circular Economy Club, a network of professionals who work in the circular economy space.
The Liveability Challenge Grand Finale, where finalists will present to a panel of judges, will take place on 7 June during Ecosperity Week in Singapore.
The first edition of The Liveability Challenge was won by a company that makes a material from plant-based oils with the potential to replace single-use plastic, starting with drinking straws.