A new, global call for game-changing solutions to grow food, package products, and reduce carbon emissions in cities located in the world’s tropical belt was launched in Singapore today. The best proposals stand a chance of securing the grand prize of up to S$1 million in funding, as well as other resources and opportunities to further develop their solutions.
The launch marks the start of The Liveability Challenge, presented by Temasek Foundation, organised by Eco-Business, and convened by Closed Loop Partners, in partnership with Ecosperity Week 2020.
The third edition of the Challenge is inviting project proposals in the areas of Urban Food Production,
Circular Packaging and Decarbonisation, where the critical need for innovation reflects the size of the
business opportunity available. Proposals are welcome from 14 January to 17 April 2020 and can be submitted via the official website of The Liveability Challenge (www.theliveabilitychallenge.org).
The chosen themes support the United Nations’ Sustainable Development Goals 2 (Zero Hunger), 9
(Industry, Innovation and Infrastructure), 12 (Responsible Consumption and Production), and 13 (Climate Action).
"Global hunger is on the rise; and the past four years have been the hottest on record, with carbon dioxide concentration levels continuing to rise. We hope The Liveability Challenge 2020 will highlight the valuable opportunities present in these areas of need and catalyse impactful solutions that can accelerate the transition to a more food secure, resource-efficient and decarbonised future."
--- Lim Hock Chuan, Chief Executive, Temasek Foundation Ecosperity ---
Selected finalists will get a chance to pitch their projects to a panel of Asia’s most sought-after venture capitalists and investors during Ecosperity Week on 08 July 2020 at The Liveability Challenge Grand Finale. Winners of the Challenge could secure over S$1 million in opportunities such as funding, exclusive spots in incubator programmes, and mentorship opportunities. The grand prize winner could secure up to S$1 million in grant funding from Temasek Foundation to further development and launch a pilot project in Singapore.
Selections from past year winners and their products...
"The Liveability Challenge has grown to become a highlight for Asia’s sustainability community, and is now fast expanding to folks in the science and technology space. As businesses and governments continue to work on societal solutions around climate change, we welcome participation from potential partners, especially from the food, packaging and energy sectors to join us in supporting this year’s challenge."
--- Junice Yeo, Deputy Managing Director of Eco-Business ---
"There is growing momentum to adopt sustainable practices and innovations to build a more liveable environment. With the support of our partners, The Liveability Challenge has attracted many applicants with high-quality proposals leveraging science to exploit potential business opportunities. As a champion of sustainability and liveability, Temasek Foundation has provided support to the winner of last year’s Challenge, Sophie’s Kitchen, to develop its plant-based protein that can be produced in a more economically viable, urban setting."
--- Lim Hock Chuan, Chief Executive, Temasek Foundation Ecosperity ---
Through The Liveability Challenge and other channels, Temasek Foundation seeks to bring together an ecosystem of innovators, funders, investors, platform providers and professionals, and excite them to source, catalyse and advance impactful solutions towards eventual successful commercialisation, as a first step to making a positive difference to the everyday lives of city dwellers in Singapore and beyond.
