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Applications are now closed. We will contact applicants with results as soon as the evaluation process is complete. If you have any questions, please write to info@padang.co
Building a sustainable future, together.
Towards a Low-Carbon Economy
As part of
OCBC's Sustainability Strategy, they have unveiled a five-year Climate Strategy to support their actions in building a sustainable future. In line with their commitments as a member of the Net Zero Banking Alliance, they have also set ambitious, quantitative and credible Net Zero targets from six high-emission sectors that require urgent action to decarbonise and comprise a material part of their commercial and corporate banking portfolio: Power, Oil and Gas, Real Estate, Steel, Aviation, and Shipping.
To preserve a liveable planet for current and future generations, it is crucial for institutions, businesses and people to work together and transition to a low-carbon economy. As a financial institution, OCBC plays a key pivotal role in driving this transition.
Innovation and technology are key drivers in achieving their vision of being regional leaders in sustainable and responsible banking for a low-carbon economy by 2026. The OCBC Sustainability Innovation Challenge is a key initiative for OCBC to lead and sponsor sustainable innovation in the region by working closely with business partners and stakeholders in the ecosystem.
ABOUT SUSTAINABILITY INNOVATION CHALLENGE
Building the energy system of tomorrow with TotalEnergies
In the OCBC Sustainability Innovation Challenge 2023, OCBC will collaborate with TotalEnergies - a multi-energy company.
OCBC, with their considerable sustainable finance portfolio of $47 billion and extensive experience in offering innovative sustainable financing solutions, and TotalEnergies, a major player in energy transition with an ambition to achieve net zero together with society by 2050, can create a greater impact in this area by working together.
Together with TotalEnergies, the OCBC Sustainability Innovation Challenge 2023 aims to create value and positive changes to promote a sustainable energy transition.
ABOUT THE CHALLENGE OWNERS
TotalEnergies
Present in Singapore for 41 years with more than 600 staff, TotalEnergies has activities ranging from regional headquarters, manufacturing, and research & development. Business divisions represented include Exploration & Production, Gas Renewables & Power, Trading & Shipping, and Marketing & Services (including the largest EV charging network in Singapore, TotalEnergies’ largest lubricants plant worldwide, and the global headquarters of TotalEnergies Marine Fuels). Singapore also houses Saft batteries activities, a Research & Development center of Hutchinson as well as Total Eren that focuses on business development and project financing.
Hutchinson
Hutchinson designs and manufactures smart solutions for a world on the move and contributes to future mobility on land, in the air and at sea. Hutchinson offers expertise in a variety of areas to enable mobility that is safer, more comfortable and more sustainable, today and tomorrow. The added value of their solutions extends from designing customised materials to integrating connected solutions.
Hutchinson designs and manufactures smart solutions for a world on the move and contributes to future mobility on land, in the air and at sea. Hutchinson offers expertise in a variety of areas to enable mobility that is safer, more comfortable and more sustainable, today and tomorrow. The added value of their solutions extends from designing customised materials to integrating connected solutions.
Bluecharge by TotalEnergies
Bluecharge by TotalEnergies operates Singapore’s largest electric vehicle (EV) charging network of more than 1,500 charge points. Close to 500 EV charging points located across the island are available for public use. The network is monitored 24/7 to ensure a robust and reliable system. Bluecharge by TotalEnergies is committed to empower your transition to electric mobility.
Bluecharge by TotalEnergies operates Singapore’s largest electric vehicle (EV) charging network of more than 1,500 charge points. Close to 500 EV charging points located across the island are available for public use. The network is monitored 24/7 to ensure a robust and reliable system. Bluecharge by TotalEnergies is committed to empower your transition to electric mobility.
WHO SHOULD APPLY
We welcome startups that possess solutions that can be adapted to address one or more of our challenge statements. You can be located anywhere in the world but must have an interest in developing and implementing your solutions with organisations in Southeast Asia after the Challenge.
WHY YOU SHOULD APPLY
- OCBC offers a prize pool of SGD150,000 and winning teams stand a chance to pilot their solutions with TotalEnergies.
- Winning teams will be fast-tracked into the final jury phase of the TotalEnergies On acceleration programme under Station F .
- Winning teams will also have early access to mentorship and funding opportunities from Cathay Innovation and Tikehau Capital .
INFO SESSION
Check out the recordings from our Info Session, where the challenge statement owners shared more about their challenge statements:
Challenge Introduction & Process:
CS1 - New Markets for Repurposed EV Batteries:
CS2 - Greater Penetration of Distributed Generation Systems:
CS3 - Better Infrastructure and Greener Energy for EV Charging
CS4 - Greener Raw Materials for Manufacturing
TIMELINE
Note that these dates are subject to change.
20 July
Application Opens
18 August
Info Session
15 September
Application Deadline
Week of 9 October
Shortlist Announcement
October
Incubation Phase
2 November
Demo Day
MAKING YOUR APPLICATION
Do you have a solution that fits the bill? Tell us about it! Complete our application form* and upload your application deck.
Applications had closed on Friday, 15 September at 11.59pm (GMT+8).
*Application will take no more than 10 minutes to complete. You may also save your application as a draft and complete it later. Refer to our pitch deck guidelines for more details. By applying, you agree to our Terms & Conditions .
EVALUATION CRITERIA
Innovativeness
30%
- How unique is the approach in solving the problem?
- How does the proposed solution compare to the next best alternatives?
Effectiveness and
Impact
25%
- How effective is the proposed solution in solving the problem?
- How big is the potential impact or business value generated (e.g. amount of waste eliminated, value of byproducts, etc.)?
Feasibility and
Scalability
25%
- Is the proposed solution technically feasible and can be piloted within the next 12 months?
- Is this solution scalable?
Capability
20%
- Does the team/company have the experience (shown through its track record), skills and resources that demonstrate its ability to develop this solution from proposal to pilot and beyond?