Got a unique solution? Energy Open Innovation Challenge offers $1million grant

Energy Open Innovation Challenge

Enterprise Singapore (ESG), in association with energy company partners, government agencies, and innovators, is launching The Energy Open Innovation Challenge with the mission of boosting innovation in the global energy industry. Over the past century, the energy sector has been one of the significant contributors of industrial growth, fuelling our rapidly growing global economy. Singapore has developed an extensive and integrated value chain that spans refining, crackers, petrochemicals, and specialty chemicals manufacturing that is supported by R&D and innovation.

They are 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. Participants are welcome to submit multiple entries to tackle various problem statements.

Take 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!

Benefits

uccessful 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
  • Opportunity to pitch your solutions to the energy companies’ top management and during SFFxSWITCH 2020 (Singapore Fintech Festival x Singapore Week of Innovation and Technology)
  • Access to a diverse pool of ecosystem partners such as accelerators, incubators, venture capital investors, IHL and research institutes

Eligibility

  • Business registration certificate issued within the last three months, ongoing company registration/business profile, or any trade registry and proof, ensuring the registration in the relevant country of incorporation
  • Groups of individuals regardless of country of residence, such as research teams must have a representative, who will register on behalf of the team
  • Research teams when registering, are required to incorporate a company in Singapore should they be shortlisted to work with the energy companies and offered grant support

Timeline

November 6, 2020: Application portal closes.

How to apply

If you are interested, you can start your application via ESG portal before it closes on Friday, November 6, 2020.

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