Congratulations to Fairventures Social Forestry for emerging the grand prize winner of The Liveability Challenge 2022!After a four-month search for the most inspiring sustainability solutions, six teams were selected to pitch their ideas to an esteemed panel in an exciting hybrid showdown at The Liveability Challenge Grand Finale on 9 June 2022, at Marina Bay Sands, in partnership with Ecosperity Week 2022.Fairventures Social Forestry swept the grand prize of S$1 million in funding to sustainably manage forests and improve livelihoods in Jambi, Indonesia, using a scalable social forestry model that incorporates blended finance.Six more prizes of investment opportunities were awarded to finalists.
1. A $100,000 investment by PlanetRise and a S$50,000 investment by Quest Ventures: Fairventures Social Forestry
2. A S$50,000 investment by Quest Ventures: ImpacFat
3. A S$100,000 investment by Amasia: GAIT
4. A S$100,000 investment by Silverstrand Capital
5. A S$100,000 by Purpose Venture Capital: Red Dot Analytics
Co-head of Impact Investment, Silverstrand Capital
Director, SMART Innovation Centre
Head, Strategy, Marketing and Communication, IPI Singapore
Managing Partner, Wavemaker Partners
Fairventures Social Forestry, a team from Germany, emerged ahead of five other finalists to clinch the grand prize of S$1 million (US$728,000) in funding from Temasek Foundation, the sponsor of the Liveability Challenge and philanthropic arm of Temasek, Singapore’s state-investment company.
SeaChange emerged ahead of a group of six finalists to claim the top prize of S$1 million (US$735,000) in funding for their project from the backer of the contest, Temasek Foundation, the philanthropic arm of Singapore state investment firm Temasek.
TurtleTree Labs emerged the Grand Winner of TheLiveability Challenge 2020 and was awarded S$1 million in project funding by Temasek Foundation. Singapore-based biotechnology company, TurtleTree Labs also won a S$100,000 investment, introductions to at least 10 impact investors with mentoring, and a spot on a leading accelerator programme with Planet Rise. The innovative lab-grown milk concept avoids the climate impact and animal welfare issues the $700 billion industrial dairy industry is associated with.
Sophie’s Kitchen, a firm that makes a sustainable plant protein, is the winner of The Liveability Challenge 2019, a global search for ideas to make Southeast Asia’s cities more liveable and resilient. With the win, Temasek Foundation has awarded S$1 million to Sophie’s Kitchen to produce the protein, made with microalgae, can be used in anything from dietary supplements and cooking oil to biofuel, and will become part of a global market for alternative protein set to be worth US$16 billion by 2025.
RWDC Industries, whose proposal replaces single-use plastic straws with drinking straws made from a certified biodegradable biopolymer is the winner of The Liveability Challenge 2018 with biodegradable straws. With the win, RWDC Industries will produce biodegradable straws that would decompose under regular natural conditions into water and carbon dioxide.
The Liveability Challenge 2023 doubles prize money to S$2 million to spur the development of more game-changing projects
Challenge launched at Cities: Possibilities which outlines concrete steps cities can take to decarbonise