On 1 March 2023, East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 250 tech companies across Southeast Asia, and Temasek Foundation, a Singapore-based non-profit philanthropic organization that supports sustainable development initiatives, launched the Climate Impact Innovations Challenge (CIIC), the largest climate tech innovations platform of the year in Indonesia. This challenge provides opportunities for tech innovators to showcase their sustainable innovations in addressing ecological challenges and mitigating the impacts of climate change. The teams will compete to win a total prize pool of IDR 10 billion, which will be awarded to winners to pilot their solutions within Indonesia.
“We are thrilled to launch the Climate Impact Innovations Challenge in collaboration with Temasek Foundation. We believe startups and entrepreneurs have a critical role to play in addressing the environmental challenges facing the region. This program presents to provide the opportunity for innovators to showcase their innovative solutions to pressing environmental challenges. We hope that this initiative will inspire and encourage a wider development of climate tech innovations and solutions; that eventually contribute to a more sustainable future for the region,” said Willson Cuaca, Co-Founder and Managing Partner at East Ventures.
“With abundant natural resources and potential for sustainable development, Indonesia has a unique opportunity to lead the way in combating climate change. By harnessing the creativity of its people and its vibrant start-up scene, Indonesia can contribute significantly towards a more sustainable and resilient future. Temasek Foundation is happy to partner East Ventures to help the many good innovators and entrepreneurs embrace opportunities and work together to scale up their solutions to benefit the Indonesia ecosystem and beyond,” said Lim Hock Chuan, Head, Programmes, Temasek Foundation.
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