UOB’s innovation accelerator The FinLab has unveiled The Greentech Accelerator, a brand new world programme aimed toward supporting modern greentech resolution suppliers regionally and globally to drive their firm’s sustainable mission ahead.
As a part of the primary cohort, the programme will deal with greentech options together with vitality effectivity; zero-waste provide chain; carbon administration and reporting.
The Greentech Accelerator is open to all modern greentech startups and SMEs with a Know-how Readiness Stage (TRL) of six and above.
The primary Greentech Accelerator programme will settle for ten corporations for its pioneer cohort, with the aim of commercialising their options with a purpose to assist SMEs undertake inexperienced practices and expertise.
To assist these greentech startups and SMEs develop and increase their enterprise, the three month-long programme will embody a complete funding of as much as SG$ 150,000 to sort out real-world problem statements in addition to useful insights by instructional ESG and enterprise masterclasses, talks and webinars.
They may also obtain mentorship and peer-to-peer studying facilitated by UOB, the business and institutes of upper studying.
Moreover, the accelerator will present these startups with entry to a powerful community of partnerships to construct an ecosystem of business leaders.
Functions are open from 5 Could 2022 to 12 July 2022 right here.
Shannon Lung, Head of The FinLab mentioned,
“In response to the 2022 UOB SME Outlook Research, 45 per cent of SMEs surveyed imagine having a sustainable core will profit their enterprise with multinational corporations that at the moment are working in direction of their very own sustainability objectives. Nonetheless, many small companies have raised considerations a few lack of understanding and restricted assets.
The Greentech Accelerator goals to reply to this problem by mentoring modern greentech options from world wide to supply related, deployable and cutting-edge options to satisfy the ESG wants of SMEs and companies domestically and abroad.”
Dr Darian McBain, Chief Sustainability Officer, Financial Authority of Singapore mentioned,
“The Greentech Accelerator showcases UOB’s dedication to driving actual world sustainability options and aligns carefully with MAS’ imaginative and prescient to harness the ability of expertise and finance to drive a simply and sustainable transition to a low carbon economic system.
We sit up for collaborating with UOB on this initiative underneath the ambit of Undertaking Greenprint, and foresee the Greentech Accelerator’s options empowering corporations and SMEs on their sustainability journeys.”