Winners announced for CapitaLand proptech competition
Innovations relating to air quality, solar PV, recycled building materials and more have won awards and funding from the CapitaLand Sustainability X Challenge.
The Singapore developer and investment manager presented 10 awards in total to companies offering sustainability solutions for real estate, which will be tested at CapitaLand properties worldwide.
Four outstanding innovators: viAct, Healthway Family of Brands, Ralos Enterprise Corporation) and Magorium won special recognition awards and will each receive S$150,000 to fund their pilots. A further six companies won S$75,000 each.
Vinamra Srivastava, chief sustainability officer, CapitaLand Investment, said: “Innovation is a key driver in our decarbonisation journey as we work towards our 2030 sustainability targets. Through platforms such as this challenge and our S$50 million CapitaLand Innovation Fund, we aim to support innovators to scale and commercialise their technologies to create a climate-resilient built environment.
“Together with our other initiatives such as implementing green leases, collaborating with our tenants on green initiatives and sharing of sustainability best practices, we aim to expand our focus on reducing our scope 3 emissions too.”
- viAct’s innovation is an AI-powered video analytics tool to provide insights which enhance safety, productivity and compliance with environmental standards at the workplace
- Healthway Family of Brands uses a patented low-pressure drop filtration technology to improve the performance of existing air handling units while reducing energy load
- Ralos Enterprise Corporation’s lightweight flexible solar module is integrated with corrugated steel which can be installed horizontally or vertically as a building integrated or conventional solar PV.
- Magorium’s solution converts contaminated and unsorted plastic waste into sustainable construction material which could potentially be used for the construction of roads within CapitaLand’s business parks.