ripple2wave Incubator launches Digital Water Hackathon: $250,000 R D funds for startups with solutions to tackle Singapore water issues
- Written by Media Outreach
SINGAPORE - Media OutReach - 24 February 2021 - Ripple2wave (R2WI), together with the Singapore University of Social Sciences (SUSS), is organizing its first Digital Water Hackathon to grow and nurture high potential startups in the area of water technology. Winners will receive prizes including S$50,000 Startup SG Founder Grant*, S$250,000 potential R&D funding, and up to S$6,000 Alibaba Cloud credits. Winning solutions will also have guidance to expand globally and get further exposure into the ecosystem. Registration at https://digitalwaterhackathon.com closes on 28 February 2021.
Singapore has set its sights on being self-sufficient in water by 2060, while water demand is expected to double in the same time frame. With current technical solutions, such as NEWater and desalination, only 85% of the demand would be met. Infrastructure investments, increasing operational costs required to maintain water systems, manpower constraints, and the impact of climate change are some of the related challenges Singapore's water ecosystem is facing.
Given this situation, Singapore has invested heavily in becoming a Global HydroHub, continuously evaluating and embracing fresh ideas and perspectives to meet the future's challenges.1
"The Digital Water Hackathon will contribute to these efforts (a) by raising awareness to the importance and challenges of water management and (b) by attracting talent developing digitally based ideas and solutions," said Dr. Helge Daebel, Managing Director at ripple2wave, and added: "The digital space has proven to deliver solutions giving answer to the complexities of the water space. Singapore can leverage its reputation, collaborative ecosystem and talent to become a leader in the digital water space. We look forward to deploying our skills by creating, nurturing, and growing related startups."
The Digital Water Hackathon will run from 6 March 2021 -- 24 June 2021. Participants are provided with six problem statements from PUB, Singapore's National Water Agency, Optiqua, ZWEEC Analytics and other major water players in the Singapore Ecosystem.
*Subject to Fulfilment of Startup SG Founder Eligibility Criteria
