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StartupX, in Partnership with National Environment Agency and Enterprise Singapore, Signs MoU with Partners to Accelerate Waste-Tech Startups
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April 20, 2022 News

 

StartupX, Singapore’s leading innovation enabler, in partnership with the National Environment Agency (NEA) and Enterprise Singapore, has announced the signing of a Memorandum of Understanding (MoU) between StartupX and its corporate partners SembWaste, Circulate Capital and The Incubation Network. At the signing of the MoU, all parties pledged their commitment to supporting sustainable innovation in the areas of plastic, electronic and mixed waste through Asia’s inaugural waste-tech accelerator programme—HyperScale. The programme will be hosted by StartupX, a StartupSG Accelerator partner of Enterprise Singapore.

The MoU signing took place at the CleanEnviro Summit Singapore on the 18th of April 2022 and was witnessed by Guest of Honour, Grace Fu (Minister for Sustainability and the Environment), Ng Chun Pin (Deputy Chief Executive Officer, Planning, Corporate and Technology, National Environment Agency) and Christine Wong (Executive Director for Urban Solutions and Sustainability, Enterprise Singapore).

Creating a More Vibrant Waste-Tech Ecosystem in Asia Through HyperScale

With Asian cities generating six times the amount of waste in 2012, Asia is the largest waste generating continent, with a projected waste generation amount of 1.8 billion tonnes by 2025. In view of these challenging circumstances, the need for innovative waste-tech solutions has become ever more pertinent. This is where the inaugural HyperScale comes in to develop a pipeline of waste-tech solutions to address the growing waste problem in the region.

Mr Ng Chun Pin, Deputy Chief Executive Officer (Planning, Corporate and Technology) of National Environment Agency said, “The National Environment Agency is glad to support the HyperScale programme. Electronics and plastics waste are priority waste streams for closing the resource loop, which will help Singapore achieve its vision of a Zero Waste Nation. With 5.88 million tonnes of waste generated by our land-scarce country in 2020, it is critical that we find innovative and novel ways to manage this amount of waste and build the circular economy. The programme is also aligned with NEA’s Environmental Services Industry Transformation Map objective of growing startups and innovative companies in the waste management ecosystem. We look forward to seeing the waste-tech solutions from this programme.”

Geoffrey Yeo, Assistant Chief Executive Officer of Enterprise SG, said, “Enterprise Singapore is happy to support StartupX on the launch of HyperScale, as part of our efforts to develop Singapore as a regional launchpad for sustainable solutions. Through accelerator programmes such as HyperScale, we hope to build a vibrant waste-tech ecosystem where startups can co-develop innovative solutions with prominent industry players. We welcome waste-tech startups to leverage Singapore as a base to testbed their solutions and seize opportunities both locally and overseas.”

Organised by StartupX in partnership with National Environment Agency and Enterprise Singapore, HyperScale is designed with collaboration in mind, where world-class domain experts, corporates, and investors across waste industries are brought together to expedite development of innovative waste-tech solutions, especially in the electronic, plastic and mixed waste streams. HyperScale will take place from August to November 2022. The 12-week programme will provide participating startups access to various opportunities and resources and will culminate to a Demo Day at the end of the programme.

Durwin Ho, CEO at StartupX, said, “For sustainability innovation to truly take off in Singapore and the region, it requires the presence of a vibrant and world class ecosystem where both the private and public sector work together hand in hand, and new possibilities are unlocked to address the waste challenge we face today. We are honoured to be a key facilitator of this drive through the startups we will accelerate at HyperScale. We are also heartened by the support from so many notable organisations who have come together for this.”

The open call for HyperScale applicants has already begun in April 2022. Any waste-tech startup ready for market expansion is welcomed. For more information, please visit www.hyperx.global/hyperscale.

 

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