Singapore Govt. Says Over $2.8 Million Availed to Support Sustainability Innovation Solutions

Published on: 26 October 2022
by KnowESG
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Enterprise Singapore (EnterpriseSG) and private partners launched the fourth round of the Sustainability Open Innovation Challenge (SOIC) to get ideas from the public for new ways to improve sustainability.

In a speech at the Singapore Week of Innovation and Technology 2022, Deputy Prime Minister Heng Swee Keat said that 21 demand drivers had issued 20 challenge statements to find solutions for sustainable materials, renewable energy, and zero waste.

“For the first time, we will feature dedicated Partner Challenges to collectively address both local and global sustainability challenges,” read the statement.

Solution providers will take part in partner challenges, such as The Liveability Challenge from the Temasek Foundation and the Sustainability in Textiles Challenge from the Singapore Fashion Council.

More than $2.8 million was made available to support the development of new solutions.

EnterpriseSG will also bring back the Trade and Connectivity Challenge for the fourth year to "further strengthen the innovation infrastructure for trade and connectivity."

EnterpriseSG also started the India Open Innovation Challenge to help Singapore startups and tech-based small and medium-sized businesses "capture opportunities in India's fast-growing urban and digital economy."

Aside from that, EnterpriseSG and the Ministry of Defence are teaming up to launch the first Defence Innovation Challenge (DIC) in 2022.

Source: Singapore Business Review

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