Jurong Island will serve as a “living” test bed for sustainable solutions for the first time, as the industrial estate transforms into a sustainable energy and chemicals park.
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Two innovation calls aimed at coming up with solutions to boost the circular economy and reduce carbon footprint were announced by JTC on Thursday (Aug 19).
The first - Jurong Island Innovation Challenge - will crowdsource innovative ideas from startups and small- and medium-size enterprises (SMEs) to enhance the sustainability and circularity of resources.
According to JTC, the industry players such as Chevron Oronite, Shell and Singapore LNG Corporation will be participating in the call, and will come together to submit 10 challenge statements.
The challenge statements cover four key themes that will boost resource efficiency efforts: Energy efficiency, emissions reduction, water management and chemical waste management.
SMEs that put forth proposals will gain opportunities to work with large corporates and will also receive funding support for the development of their solutions, said JTC.
Under the enterprise track, qualifying startups and SMEs can tap on ESG’s Enterprise Development Grant, which can provide support for up to 80 per cent of the qualifying solution development costs.