Alterno, Forte Biotech, AirX Carbon win 15 billion VND from Net Zero Challenge 2023

Accordingly, the three winning teams from the Net Zero Challenge 2023 include:

• Alterno - winner of the Renewable Energy and Carbon Neutrality category. Alterno produces a low-cost thermal energy storage system using sand batteries.
• Forte Biotech - winner of the Sustainable Agriculture and Food Systems category. Forte Biotech produces rapid, on-site diagnostic tests to detect diseases in shrimp.
• AirX Carbon - winner of the Circular Economy and Waste Management category. AirX Carbon produces a cost-competitive alternative to plastic from bio-waste.

Winning teams from the Net Zero Challenge 2023

Additionally, two investment awards of $50,000 each from Touchstone Partners (Vietnam) and East Ventures (Indonesia) were also presented to Alterno and AirX Carbon. All nine finalists of the Net Zero Challenge will also receive $10,000 each from Amazon Web Services (AWS).

"This year is the first year the Net Zero Challenge has been held in Vietnam. As the first international competition on climate change technology in Vietnam, we were really surprised by the quantity and quality of climate change technology solutions received. Although we have reached the final stage of this year's program, Touchstone Fund hopes to be able to support and further develop new initiatives in the green economy sector" - Ms. Ngo Thuy Ngoc Tu, Director of Touchstone Partners Fund shared.

Since its launch on August 21, the competition has received more than 300 applications from 45 countries around the world in just 7 weeks of opening applications. More than 30% of these were from teams outside Vietnam. The category with the most applications was Sustainable Agriculture and Food Systems.

Source link: https://thanhnien.vn/alterno-forte-biotech-airx-carbon-gianh-15-ti-dong-tu-cuoc-thi-thach-thuc-net-zero-2023-185231209013831947.htm