Both winners will receive S$50,000 (US$38,000) each to fund, test and implement their innovations at selected CapitaLand properties worldwide, as well as mentorship by a CapitaLand business leader.
Climatech won the Most Innovative Award for their water treatment process to treat cooling water without the use of chemicals or power, while Inovues won the High Impact Award for their insulating glass retrofit technology.
Climatech’s solution, known as the ClimaControl Quantum Resonance Water, is a novel solution that allows cooling water to be recycled for other uses in buildings, such as plant irrigation or toilet flushing. Based in Singapore, the company’s solution uses photon vibration frequency technology to treat cooling tower, achieving 60 to over 90 per cent of water savings, and one to over five per cent of energy savings.
From the United States, Inovues’ insulating glass technology reduces energy consumption to heat or cool buildings by up to 40 per cent without compromising on the luminosity indoors. The smart glass technology can be retrofitted on to existing windows, and reduces noise and heat gain inside a building by up to 10 times. Windows are the Achilles’ heel of the built environment, said one of the judges, Rushad Nanavatty, managing director or urban transformation at RMI.
The two winners will also have the chance to showcase their innovations to senior global business leaders, investors and policymakers at the annual Ecosperity Week sustainability event organised by Temasek.
“Research and innovation leading to commercialisation is a space where public and private sectors must collaborate. Research can be long-dated and involves high risk. Governments must support and fund it. Innovation and commercialisation of products of research require entrepreneurial acumen and nimble responses. This is where many enterprises have strengths,” said Minister for Sustainability and the Environment of Singapore, Grace Fu, who was the guest-of-honour at the grand finale.
The themes for the inaugural challenge were low carbon transition, water conservation and resilience, waste management and circular economy, and healthy and safe buildings.
The winning solutions emerged from a shortlist that included a portable, self-powered energy generator cum chiller, a thermal insulation curtain wall, a smart waste bin which uses artificial intelligence to sort waste, and an indoor air disinfection solution. All six finalists and selected participants will have a chance to pilot their innovations at selected CapitaLand properties worldwide.
At the grand finale, CapitaLand also announced a S$50 million innovation fund to support the test-bedding of sustainability and other high-tech innovations in the built environment.
Lee Chee Koon, CapitaLand’s group chief executive officer said: “The inaugural CapitaLand Sustainability X Challenge has allowed us to uncover promising innovations that we can potentially implement at our properties across the globe, and help us achieve our ambitious targets set out in our 2030 Sustainability Master Plan.”