Frequently Asked Questions (FAQs)
Have any questions regarding the Climate Impact Innovations Challenge?
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The Climate Impact Innovations Challenge calls for viable and innovative solutions in Energy Transition, Sustainable Agriculture, and Circular Economy in Indonesia and beyond. Finalists will be chosen across the three tracks and stand a chance to secure funding for their groundbreaking solutions.
The Climate Impact Innovations Challenge is presented by East Ventures and Singapore’s Temasek Foundation.
East Ventures is a pioneering and leading sector-agnostic and Indonesia-focused venture capital firm. Founded in 2009, East Ventures is now a holistic platform that provides multi-stage investment, including Seed and Growth investments for over 300 companies in Southeast Asia. East Ventures is committed to achieving sustainable development and bringing positive impacts to society through its initiatives and ESG-embedded practices.
Temasek Foundation is the philanthropic arm of Singapore’s Temasek, championing liveability and sustainability, and supporting innovation that can deliver a significant impact to improving the way we live, work and play. The Foundation funds translational research to help researchers produce operational prototypes which can then be developed further into commercial products.
East Ventures is a pioneering and leading sector-agnostic and Indonesia-focused venture capital firm. Founded in 2009, East Ventures is now a holistic platform that provides multi-stage investment, including Seed and Growth investments for over 300 companies in Southeast Asia. East Ventures is committed to achieving sustainable development and bringing positive impacts to society through its initiatives and ESG-embedded practices.
Temasek Foundation is the philanthropic arm of Singapore’s Temasek, championing liveability and sustainability, and supporting innovation that can deliver a significant impact to improving the way we live, work and play. The Foundation funds translational research to help researchers produce operational prototypes which can then be developed further into commercial products.
The three themes [tracks] for Climate Impact Innovations Challenge 2024 are Energy Transition, Sustainable Agriculture, and Circular Economy.
Companies are eligible to participate if they meet the following criteria:
- At pre-seed / pre-commercialization stage with an innovation at Technology Readiness Level 6 (TRL 6) and beyond
- Possesses an original and innovative proposal
- Proposes an impactful solution that addresses key challenges in at least one of the three tracks: Energy Transition, Sustainable Agriculture, and Circular Economy.
- Presents a feasible solution that can be adopted quickly and perform well in a large scale setting.
- Potential for commercially viable solution, with a large market size
At Technology Readiness Level (TRL 6), companies have a prototype or a minimum viable product that can be implemented and/or have a proof of concept. Participants can refer to the document here to determine the TRL of their innovation.
Am I eligible to apply for CIIC this year if our company has already submitted an application last year?
Yes, companies who have submitted applications for CIIC 2023 are eligible to apply again this year.
The Climate Impact Innovations Challenge is accepting submissions between 4 March to 11 June 2024, 11.59 PM (GMT+7) here.
Companies must have an innovative solution focusing on at least one of the three themes: Energy Transition, Sustainable Agriculture, and Circular Economy. If the solution addresses challenges in multiple sectors, participants can choose a main theme the solution addresses, and add the secondary themes in the description.
The Climate Impact Innovations Challenge calls for viable and innovative solutions in Energy Transition, Sustainable Agriculture, and Circular Economy in Indonesia and beyond. Finalists will be chosen across the three themes and will stand a chance to secure funding for their groundbreaking solutions. Shortlisted teams going to the grand finale will be provided mentorship from industry leaders and venture capital firms to refine their pitches and proposals.
Companies will be reviewed and shortlisted by East Ventures, Temasek Foundation, and a panel of industry experts.
Projects will be judged according to the following criteria:
Projects will be judged according to the following criteria:
- Innovation: How original and innovative is the proposal?
- How does the solution address challenges in at least one of the three themes: Energy Transition, Sustainable Agriculture, and Circular Economy? What is the likely scale of impact?
- Feasibility: How will the solution perform in a full-scale setting? What are the technologies underpinning the proposal? How quickly can the solution be adopted?
- Commercial Viability: What is the size of the target market? Who are the potential collaborators as well as competitors? How close is the solution to commercialization, and how much funding is required till then?
Shortlisted teams will receive coaching sessions from experts to refine their pitches and proposals. They will get to pitch their solutions at the Climate Impact Innovations Challenge Grand Finale for a chance to secure funding for their innovative solutions. Finalists will also receive other exclusive opportunities.
Shortlisted companies will be announced in the end of July 2024.
The grand finale will be held in September 2024 in Jakarta, Indonesia. The date and venue will be announced at a later date.