On July 16, the second Net Zero Challenge kicked off, with the Organizing Committee calling on startups in the field of climate change technology from around the world to participate.
The Net Zero Challenge is a global competition that seeks to identify technological solutions to combat climate change, with the goal of piloting them in Vietnam. The competition is organized on a global scale, with the aim of supporting startups to narrow the funding gap, expand access to investment funds, strategic partners and climate change alliances.
Following the success of 2023, this year's competition aims to establish an open innovation platform for green startups, helping stakeholders in the field of climate change technology to support and cooperate effectively. This platform also connects corporations with green technologies, supporting founders to mobilize more green capital, in order to support early-stage climate technology in Vietnam to quickly develop on a large scale.
This year’s competition will continue to focus on three main areas: Renewable Energy and Carbon Neutrality, Sustainable Agriculture and Food Systems, and Circular Economy and Waste Management. The application period for the competition runs from July 16 to September 15, 2024. The organizing committee will select the 9 best teams to participate in the final round at the end of November 2024.
According to the rules, teams need to develop a test product (Minimal Viable Product, MVP) with the potential to be successfully scaled or commercialized and ready to pilot in Vietnam. Teams can be startups, research teams, corporate projects, or non-profit organizations ready for a large-scale pilot project. Solutions that have been commercialized abroad but want to pilot in Vietnam can also participate.
The Net Zero Challenge is organized by Touchstone Partners and Temasek Foundation (a non-profit organization from Singapore), in collaboration with the Ho Chi Minh City Institute for Development Studies (HIDS). Participating teams have the opportunity to receive a total prize of VND15 billion. In addition, the competing teams can also receive an investment of US$100,000 (equivalent to VND2.5 billion) from Sopoong Ventures and Touchstone Partners, and a non-equity prize from the German International Cooperation Agency (GIZ).
BA TAN
Source: https://www.sggp.org.vn/cuoc-thi-thach-thuc-net-zero-lan-thu-ii-danh-cho-startup-voi-gia-tri-giai-thuong-hang-ty-dong-post749560.html
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