The Sustaintech Xcelerator is a 6-month virtual accelerator focused on increasing confidence in nature-based solutions (NbS).

Nature-based Solutions (NbS) are actions that harness the power of nature to tackle social and environmental challenges. Examples include protecting and restoring ecosystems like forests, mangroves or and coral reefs. NbS play a vital role in absorbing CO2 emissions and their development is critical for achieving the Paris Agreement’s climate goals.

 

The Sustaintech Xcelerator will invite climate innovators who are developing solutions that increase investor and buyer confidence in NbS –– through improved monitoring and verification of their environmental, social and economic impacts.

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The challenge

The Sustaintech Xcelerator is seeking innovators to present tangible solutions (e.g. minimum viable products and proofs-of-concept) that help to increase confidence for NbS. The solutions should address any of the opportunity areas below:

  • Reducing the cost and improving the accuracy of environmental verification (carbon sequestration)

  • Valuing social- and biodiversity co-benefits of NbS projects

  • Providing ongoing monitoring of NbS assets

  • Improving financial transparency of NbS projects

Our Sustaintech Xcelerator 2021 Cohort

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Soil MRV

Cloud Agronomics

Cloud is a climate-tech company on a mission to become the standard for quantifying sustainable outcomes on agricultural land.

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Forestry MRV

Sylvera

Sylvera is a software that brings clarity to the carbon markets by building tools to help businesses ensure that carbon offsets purchased are authentic.

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Forestry MRV

FARM-TRACE

FARM-TRACE is a software platform that delivers verified reforestation impacts created by farmers to brands wanting to reduce their climate footprints.

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Forestry MRV

Treevia

Treevia is a technology company that brings forest monitoring and sustainability together by connecting forests around the world to the internet.

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Social impact & Biodiversity

Rainforest Connection

Rainforest Connection (RFCx) has created the world’s first scalable, real-time acoustic monitoring system for protecting and studying remote ecosystems.

 

Our Sustaintech Xcelerator 2021 Experts

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Senior Carbon Finance Specialist, The World Bank

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Vice President, Sustainability,

Temasek

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Head of Innovation, 

DBS Bank

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Director of Nature based Innovations, Verra

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Adviser of Climate Change Group, The World Bank

Managing Director, Sustainable Solutions, Temasek

Director, Sustainability & Stewardship Group, Temasek

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Head of Solutions of Asia-Pacific, Google Cloud

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Professor of Conservation Science, NUS

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Director of Office of the CTO, Google

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Technical Director of Office of the CTO, Google

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Senior Carbon Finance Specialist, The World Bank

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Chief Sustainability Officer,

DBS Bank

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Global Lead for Disruptive Technology in the Sustainable Development Practice Group

Senior Research Fellow,

NUS

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Upcoming Events

 
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[Live Webinar]  Nature-based Solutions as a Force Towards A Carbon Neutral Future

In collaboration with 
SG Innovate

27 July 2021 | 9-10:10 am SGT | Online

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Xcelerating Nature-based Solutions: Role of Technology and Innovation
 

In collaboration with 
Ecosperity Conversations

2 July 2021 | 9-10:30 am SGT | Online

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Accelerating Sustainability through Tech Innovation
 

In collaboration with
the World Bank

22 July 2021 | 10-11:30pm SGT | Online

Upcoming
Past
Past
 

Who has applied?

SustaintechX is a global accelerator. We invite start-ups, established companies and academics commercialising new technologies to join the challenge.

Some examples of technologies and solutions we would consider:

 

  • Remote sensing technologies (e.g. satellite, drones, SAR, LiDAR etc) for monitoring NbS projects

  • AI- and climate science models that improve estimation of carbon sequestration and biodiversity

  • Technologies for verifying of soil sequestration

  • IoT technologies for monitoring NbS projects

  • Technologies to support ground audits – both for verifying social impacts and for collecting calibration data

  • Novel technology-driven approaches to social impact verification

  • Digital ledger technology (DLT) to support tokenisation, digital auditing and financial transparency around carbon credits

 

Registrations now closed. Acceleration in progress by our finalists towards our mid-term showcase in June/ July. 

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What’s in it for the
Sustaintech Xcelerator 2021 Cohort?

Are you looking for support to develop a compelling MVP? How about access to world-class research expertise? Or opportunities to commercialise your solutions in Singapore and beyond?

 

The Sustaintech Xcelerator provides bespoke support to selected applicants from our world-leading partners DBS Bank, Temasek, Google Cloud, National University of Singapore Centre for Nature-based Climate Solutions, Verra and the World Bank. Your team will have access to the expertise from these organisations and their partners, helping to accelerate their solutions for large-scale impact.

Benefits include:

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Grant

A S$50,000 grant awarded to each selected innovator.

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Continuity

Innovators will be provided with opportunities to remain engaged in the Singapore ecosystem – through academic partnerships and commercialisation opportunities.

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Mentorship

Each innovator will be paired with mentors from our partners and other organisations in our network.

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Research

Innovators will have access to leading research expertise from the NUS Centre for Nature-based Climate Solutions.

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Exposure

Innovators will be given frequent pitching and speaking opportunities. Public showcases will be organized with a wide range of private- and public sector stakeholders.

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Resources

Each team will be provided with in-kind resources including free office space in Singapore (for local teams).

 

What were the Judging Criteria?

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Application

Is your solution relevant and/or adaptable to one or more of the 4 core focus areas of this NbS challenge?
 

Impact

Is your solution scalable, enabling it to reach more markets and greater impact?

 

Novelty

Are you using technology in a novel way to address sustainability challenges?

Team

How strong is your team and do you have what it takes to drive your solutions to their next level of impact? Note that we will take into account the current stage of your company when assessing this criterion. 

 

Timeline (Updated!)

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December 9- 
January 15

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January 16 –
March

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March –

April

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May –

June

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June –

July

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August –
October

Applications 

Online applications for the Sustaintech Xcelerator

Judging

Selection and announcement of Sustaintech Xcelerator finalists

Kickoff

Finalists onboarded and bespoke acceleration programs designed.

Acceleration
Ongoing acceleration, mentorship and events.​

Showcase

Public showcases and demos at events in Singapore

Final Run

Development of continuity plans and final demo day.

 

About nature-based solutions

Addressing the climate crisis and reaching a 1.5° or 2°C pathway by 2030 will require about a 50% net-emission reduction of annual emissions to around 23 gigatons of carbon dioxide (Gt CO2) from 2019 levels. (Nature and Net Zero).

 

While reduction of emissions through improved technologies and business processes should remain the top priority, these alone will not be able to drive the level of reductions needed fast enough to achieve global climate goals. In industries such as transportation and heavy manufacturing, for example, low-emission technologies may not yet be mature enough for widespread adoption.

 

When done right, carbon credits can help companies compensate and increasingly neutralise their hard-to-reduce emissions in the short term. A carbon credit is a verified emission reduction (measured in tonnes of CO2 or the equivalent amount of a different greenhouse gas) used to compensate for emissions made elsewhere.

 

Natural climate solutions (NCS), involve protection and restoration of natural ecosystems such as forests, wetlands and mangroves. NCS have the potential to provide 1/3 of the emission reduction targets by 2030 (equal 7Gt CO2). NCS are both cost effective and provide significant additional benefits by supporting biodiversity and generating income for rural communities. Asia is set to become one of the largest suppliers of NCS globally as the region houses a third of the global supply potential (Nature and Net Zero).

 

Although demand for carbon offsets is growing (hundreds of major companies have already made ambitious climate pledges), a number of challenges surrounding NbS are limiting their further development. Two key challenges include:

  1. An inefficient approach to monitoring, reporting and verification (MRV) – Today’s verification process, which ensures that the amount of carbon sequestered by each NbS project is accurately measured, is highly manual. The process, which is based on in-person audits that may only take place every 2-3 years, is also costly.
     

  2. Limited transparency for NBS buyers and investors – Given the manual and unstructured documentation, there is also limited transparency and comparability around the risks and impacts of NbS projects. Investors and companies looking to offset their emissions must perform significant due diligence to build trust for individual projects and their developers.

 

The Sustaintech Xcelerator will accelerate technology solutions that help to transform NbS verification from a manual, in-frequent and fragmented process into one that is continuous – transparently monitoring the performance and impacts of an NbS project and enabling ongoing issuance of carbon credits. Importantly, these technologies should complement necessary ground work required for verifying the more intricate social impacts of a project.

 
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Any questions?

Check out our FAQ or get in touch at hello@sustaintechx.com