The second batch of Sustaintech Xcelerator, a greentech accelerator run by DBS with its headquarters in Singapore, is now accepting applications.
The World Bank, Capgemini, Temasek, GenZero, Google Cloud, the National University of Singapore’s Centre for Nature-based Climate Solutions, and the bank have joined forces for this batch. Verra, which will serve as an impartial standard-setter, and DBS are also partners in this project.
DBS stated in a statement that it will concentrate on identifying solutions that will aid in the removal of carbon dioxide and other greenhouse gases from the environment. This can include environmentally friendly strategies like reforestation campaigns, technologically advanced solutions like carbon capture, and digital tools like carbon accounting.
The five participants in the six-month program will each get funding totaling S$250,000 (about US $178,500), which will begin the program in March of the following year. These entrepreneurs will also get access to the mentors and partners of the program in the field of climate technology.
Five startups made up the initial batch of Sustaintech Xcelerator: Perennial, Sylvera, Taking Root, Treevia, and Rainforest Connection.