- For the entire US$ 634k reward swimming to pilot options in Indonesia, candidates vie for a$ 634k prize pool.
- Enhanced vitality of the company space in creating a more resilient and sustainable future
The second edition of Indonesia’s largest climate tech innovations competition, the Climate Impact Innovations Challenge ( CIIC ) 2024, has been announced by East Ventures, a pioneering and market-leading sector-agnostic venture capital firm that has supported over 300 tech companies in Southeast Asia.
To test their solutions in Indonesia to address various ecological issues and lessen the effects of climate change, the applicants will compete for a total prize pool of US$ 634,620 ( Rp10 billion ).
The” Climate Impact Innovations Challenge 2023″ has piqued our interest and had measurable effects on the weather business. As a firm believer in online ecosystems and startup ecosystems, we think climate tech innovators are key players in developing solutions that address the issues facing today and help pave the way for a resilient and sustainable future. Avina Sugiarto, Partner at East Ventures, said,” We invite all weather tech entrepreneurs in the region and partners to join us in making positive changes that benefit Indonesia and beyond.”
” We are encouraged that the company space’s Climate Impact Innovations Challenge 2023 has sparked imagination and vitality in favor of a more responsible and resilient potential. According to Lim Hock Chuan, Head, Programmes, Temasek Foundation, CIIC 2024 may assist them in embracing new opportunities and working toward scaling up their answers that will benefit the Indonesian habitat and the location.
 ,  , and CIIC 2024 are the three lines that CIIC 2024 focuses on this year.
- Energy Transition: New creative concepts and solutions that encourage the deployment of solar electricity and contribute to the reduction and elimination of carbon emissions, to aid communities and industries in moving in a low-cost, all-inclusive direction.
- Sustainable Agriculture: New creative concepts and solutions that improve food production ( plant, cultivate, harvest, process ), improve agricultural practices due to climate change, and incorporate nature-based solutions that involve sustainable and replicable business models that improve farmers ‘ livelihoods and food security while lowering soil degradation and carbon emissions.
- Round Market: New, creative concepts and solutions designed to improve waste management procedures and turn waste into useful materials, resources, and power, thereby reducing waste sent to landfills and for burning as well as plastic pollution.
CIIC 2024 may have a number of key agendas, including:
- Application time ( March- June 2024 )
- Application review ( June- July 2024 )
- Finalist announcement ( July 2024 )
- Mentorship ( August 2024 )
- Grand Finale ( Sept. 2024 )
The CIIC, which was founded in March 2023, has been a catalyst for innovation and the creation of more responsible options. Over 330 candidates applied for the Challenge last year, and it came to an end with the Grand Finale, which was a part of the ASEAN Business and Investment Summit 2023 side function. FollowingOil ( Renewable Energy ), Qarbotech ( Food and Agriculture ), BANIQL ( Mobility ), and Waste4Change ( Ocean ), CIIC 2023 named four winners.
Interested parties may visit the CIIC site at climateimpactinnovations.com for more information.
.jpg "(L2R): The winners of Climate Impact Innovations Challenge 2023, two representatives from BANIQL, AfterOil, Lim Hock Chuan, Head, Programmes at Temasek Foundation, Avina Sugiarto, Partner at East Ventures, two reps from Qarbotech, Waste4Change.")