Frequently Asked Questions of Sustaintech Xcelerator 2021
What is nature-based solutions or NbS?
Who’s behind the Sustaintech Xcelerator?
Sustaintech Xcelerator is a joint initiative by DBS Bank, Temasek, World Bank, Google and the National University of Singapore Centre for Nature-based Climate Solutions. These organisations are striving to exponentially increase the impact of nature-based solutions in partnership with climate innovators around the world.
What specific challenge is the Sustaintech Xcelerator focused on?
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 (forests, mangrove belts etc)
Improving the financial transparency of NbS projects
What is the structure of the accelerator?
How does mentorship work?
We will organise a matchmaking experience to ensure that both parties get the most out of the accelerator engagement. We recommend that you meet bi-weekly at the minimum – virtually and/or in-person.
Who are the mentors?
Our mentoring team is built from relevant experts across our partner organisations and from our extended network of NGOs, academic institutions, NbS project developers and other technical experts. We will share more details of the panel with the confirmed cohort.
Will I or my company receive any funding from this accelerator?
Yes, we will be providing grants of S$50,000 for all innovators that make it into the Sustaintech Xcelerator. The grant of $50,000 is per project team or company that is selected to enter the Xcelerator cohort. Grants are to be used to support the development of MVPs, proof-concepts and other tangible deliverables that will help to accelerate your solutions.