Relationship WITH TEMASEK, ENTERPRISE SINGAPORE
By signing a memorandum of understanding ( MOU) to identify and support budding climate technology in Southeast Asia in April, the company made an announcement to collaborate with government agency Enterprise Singapore and state investment firm Temasek.
A joint money responsibility over the next three years is included in the MOU, which was announced at Ecosperity Week 2024.
The Breakthrough Energy Colleagues program will establish a hub in Singapore, its first provincial hub outside of the United States, to accomplish this.
Through the program, Singapore does co-fund and support deep-tech climate start-ups that deal with solar power and carbon footprint. This aims to assist the place in achieving its net-zero goal by 2050.
The program’s first grain money will be US$ 500,000. They may also get a worldwide network of business companions, mentors, experts, and investors.
” Breakthrough Energy looks at a full spectrum of game-changing solutions to address global warming,” said Lee Chuan Teck, president of Enterprise Singapore.
But you’ll be looking at a variety of technologies, including new non-carbon materials like gas and gas carriers, as well as novel ways to extract carbon from the atmosphere.
Calling the engagement a” earn- get proposition”, Mr Lee added that Enterprise Singapore hopes to take on more partners and address different global challenges like food protection, waste treatment, and healthcare.
Vice-president Ashley Grosh of Breakthrough Energy Fellows praised the “unprecedented professional skills” at Nanyang Technological University and the National University of Singapore.
We are hoping to instill the entrepreneurial spirit in all those experts in the area because we are aware of how much development and research is happening there, she said.
Singapore’s area also allows Breakthrough Energy to employ industry and business partners, added Ms Grosh.