The Challenge

Carbonless has joined forces with the Hong Kong Science and Technology Parks Corporation to launch the Hong Kong Green Tech Challenge, designed to become a collaborative platform for key stakeholders in the city. Our first initiative is dedicated to the theme of Green Buildings.

By engaging leading technology companies to address industry-specific challenges, we are here to catalyse innovation, accelerate the adoption of green technologies, and drive the transformation towards a more sustainable built environment.

The Challenge

Carbonless has joined forces with the Hong Kong Science and Technology Parks Corporation to launch the Hong Kong Green Tech Challenge, designed to become a collaborative platform for key stakeholders in the city. Our first initiative is dedicated to the theme of Green Buildings.

By engaging leading technology companies to address industry-specific challenges, we are here to catalyse innovation, accelerate the adoption of green technologies, and drive the transformation towards a more sustainable built environment.

Creating a collaborative platform for Hong Kong’s real estate and construction stakeholders to help decarbonise the city with scalable, innovative solutions.

Creating a collaborative platform for Hong Kong’s real estate and construction stakeholders to help decarbonise the city with scalable, innovative solutions.

Hong Kong, Asia’s Green City

Hong Kong is already well known to the world as an unrivalled international gateway to the Greater Bay Area, Greater China and all Asia. The city is now also ready and well positioned to become a global hub for green technology and finance.

As the Real Estate and Construction industry is a cornerstone of Hong Kong’s economy and also a critical piece of the city’s decarbonisation puzzle, we dedicated the first Hong Kong Green Tech Challenge to the sector with the Green Building edition.

Hong Kong Climate Action Plan 2050

As announced in Hong Kong Climate Plan 2050, the city committed to achieving carbon neutrality before 2050. This is the target and goal that our Challenge is designed to support and turn into an opportunity for innovation, partnerships and investment. Buildings account for approximately 90% of Hong Kong’s total electricity consumption, and over 60% of the city’s carbon emissions arise from electricity generation for buildings.

Hong Kong,
Asia’s Green City

Hong Kong is already well known to the world as an unrivalled international gateway to the Greater Bay Area, Greater China and all Asia. The city is now also ready and well positioned to become a global hub for green technology and finance.

As the Real Estate and Construction industry is a cornerstone of Hong Kong’s economy and also a critical piece of the city’s decarbonisation puzzle, we dedicated the first Hong Kong Green Tech Challenge to the sector with the Green Building edition.

HongKong
Hong kong 2

Hong Kong Climate Action Plan 2050

As announced in Hong Kong Climate Plan 2050, the city committed to achieving carbon neutrality before 2050. This is the target and goal that our Challenge is designed to support and turn into an opportunity for innovation, partnerships and investment.

Buildings account for approximately 90% of Hong Kong’s total electricity consumption, and over 60% of the city’s carbon emissions arise from electricity generation for buildings. Achieving positive change is a monumental task, but it is also a unique, transformational opportunity for companies equipped with the right solutions. The Hong Kong Green Tech Challenge is a collaborative platform to unlock value in the decarbonisation process by identifying relevant projects, applicable solutions delivered by investable tech companies.

Are you a growth-stage startup or technology provider with a solution for the real estate or construction sector?

Hong Kong is home to some of the largest real estate and construction companies globally.

Together, we are seeking innovation and technology partners to join in our quest to decarbonise the real estate and construction sector and to contribute to the Hong Kong Climate Action Plan 2050.

Are you what we are looking for?

Scalability will be key as we face ambitious decarbonisation targets with our Corporate Partners. We seek solutions that have been trialed elsewhere and are able to scale in Hong Kong and Asia.

We are inviting all scalable solutions for the real estate and construction industry to apply for the main Green Building Challenge.

Our Corporate Partners will also have specific problem statements that your solution might be able to solve.

What We Consider

How comprehensive and compatible is your solution? How fast can it be deployed?

How novel is the solution? What are the projected improvements compared to existing practices?

How novel is the solution? What are the projected improvements compared to existing practices?

What is the scale of carbon emission reduction? Any CO2- related revenue or cost saving?

How fast can the solution scale within the organization? What are the market opportunities?

How fast can the solution scale within the organization? What are the market opportunities?

What are the risk factors of your solution? How does it address existing risks?

What is the life-cycle cost of implementation including assessment of benefits?

What We Consider

Fitness & Readiness

How comprehensive and compatible is your solution? How fast can it be deployed?

Innovation

How novel is the solution? What are the projected improvements compared to existing practices?

Carbon Impact

How novel is the solution? What are the projected improvements compared to existing practices?

Scalibilty

What is the scale of carbon emission reduction? Any CO2- related revenue or cost saving?

Problem-Solution Fit

How fast can the solution scale within the organization? What are the market opportunities?

Team

How fast can the solution scale within the organization? What are the market opportunities?

Cost

What are the risk factors of your solution? How does it address existing risks?

Risk

What is the life-cycle cost of implementation including assessment of benefits?

How it works

This initiative is strictly about business.

The Challenge offers unique access to our Corporate Partners’ decision makers at the intersection of sustainability, innovation, operations, and investment. Our Corporate Partners are also committed to engage with and adopt world-leading technologies to accelerate their own sustainability agendas.

12+ COMPANIES

will have the opportunity to present their solutions online to the Challenge’s Corporate Partners and Challenge Allies.

8+ COMPANIES

will be selected to join our Hong Kong Roadshow with full expenses covered to meet with matched Corporate Partners and Challenge Allies to further pilot projects and investments.

Our goal is to create tangible and measurable outputs that are commercially viable and economically sound.

Timeline

Launch Event &
Roundtable

competition
application opens

competition
application Closes

Shortlisted
Candidates Engaged

Virtual
Solutions Day

Closing event & Roundtable

Hong kong roadshow

Frequently Asked Questions

The Challenge will initially be remote / virtual. However, at least 8 companies will be invited to Hong Kong in August for a Roadshow (expenses covered) to engage with Corporate Partners and further develop potential pilot projects.

The Challenge is designed to invite all global technology companies to apply who are interested and ready to scale their solutions to Hong Kong and Asia. We want to bring the very best technologies to Hong Kong.

The Main Challenge is a broad theme challenge, inviting any technology solutions that address the Green Building to apply. 8 technology solutions will be chosen from the Main Challenge to the Hong Kong Roadshow to collaborate and further pilot projects with our Corporate Partners and Challenge Allies.

Sub-Challenges are specific use-cases put forward by our Corporate Partners. 1 technology solution will be chosen in each Sub-Challenge to join the Hong Kong Roadshow to collaborate and further pilot projects with their Corporate Partner.

Both the Main Challenge and Sub-Challenges have a single focus in creating tangible and measurable outcomes.

There is no application fee to the Hong Kong Green Tech Challenge. Expenses such as flights and accommodation will be covered for selected companies invited to the Hong Kong Roadshow as part of the program.

Companies applying should have an existing product / solution that have been tried, tested, and ideally commercially deployed. Solutions should be scalable and compatible across borders, markets, and ecosystems. Teams should be well-established technically and commercially. Companies should be financially sound and ready to deploy pilot projects with Corporate Partners.

Applicants should be key decision makers of the company.

There are no guarantees for applicants to receive investment or partnerships. However, we can assure you that the stakeholders of this program are committed to finding innovative solutions to partner with or invest in. This is not a PR exercise, we are looking for tangible and measurable outcomes.
There are no guarantees for applicants to receive investment or partnerships. However, we can assure you that the stakeholders of this program are committed to finding innovative solutions to partner with or invest in. This is not a PR exercise, we are looking for tangible and measurable outcomes.
The Challenge and all its events will be in English. We expect our participants and our partners to speak English on a business level.
No. We are working to ensure that the process of exploring business or investment opportunities is as efficient as possible. After the application process, you should expect no more than 6-8 video calls / in-person meetings before a decision on a deal is made.

No. The selected companies will receive an unique opportunity to engage with our Corporate Partners and Challenge Allies. The outcome of this process might very well be implemented in our partners’ operations. We believe this is an extremely attractive business opportunity for an innovative company that is ready to scale.

Selected companies will also have a sponsored trip to Hong Kong for the Hong Kong Roadshow to facilitate face to face meetings with your matched Corporate Partner / Challenge Ally.

If you are one of the selected companies invited to join the Hong Kong Roadshow, you will be required to travel to Hong Kong. You can find details on visa requirements for travellers coming to Hong Kong SAR here.

We always strive to create an environment where sharing business models and plans are protected. That said, we encourage our participants to have the necessary legal documents (such as NDAs) in place. We will help facilitate the signing process. During investment and partnership negotiations, the participating companies have full discretion regarding the information they share and the business agreements the ultimately make.

About Hong Kong Science and Technology Parks

Innovation and technology run in Hong Kong Science and Technology Park’s DNA. From Hong Kong to the world, HKSTP are propelling pioneers into forces for good, steering them to success, and transforming their ideas to impact. For 20 years, HKSTP have been building up Hong Kong as an I&T hub, creating a thriving ecosystem with their world-class infrastrucutre, collaborative network, and global vision.

HKSTP has more than 100 green tech ventures. As part of the commitment to accelerate carbon reduction ahead of the target plan, HKSTP will be the leading ecosystem builder to advocate and drive sustainable climate I&T development, further catalysing hog Kong as the international green tech and green finance centre

For more details, please visit the HKSTP home page.

About Carbonless

Carbonless is a rapidly growing innovation and investment platform specialised on technology solutions that help decarbonise Asia. We bring together capital, mature startups, enterprises and government entitites to help build a robust regional carbontech ecosystem, facilitate growth and reach carbon targets on a cleanear future.

Our team and advisory community bring experience across geographies from Fortune 500 corporate leadership roles in M&A, investment and carbon trading functions, whilst others have grown technology businesses across borders and exited startups.

For more details, please visit the Carbonless home page.

About Hong Kong Science and Technology Parks

Innovation and technology run in Hong Kong Science and Technology Park’s DNA. From Hong Kong to the world, HKSTP are propelling pioneers into forces for good, steering them to success, and transforming their ideas to impact. For 20 years, HKSTP have been building up Hong Kong as an I&T hub, creating a thriving ecosystem with their world-class infrastrucutre, collaborative network, and global vision.

HKSTP has more than 100 green tech ventures. As part of the commitment to accelerate carbon reduction ahead of the target plan, HKSTP will be the leading ecosystem builder to advocate and drive sustainable climate I&T development, further catalysing Hong Kong as the international green tech and green finance centre

For more details, please visit the HKSTP home page.

About Carbonless

Carbonless is a rapidly growing innovation and investment platform specialised on technology solutions that help decarbonise Asia. We bring together capital, mature startups, enterprises and government entitites to help build a robust regional carbontech ecosystem, facilitate growth and reach carbon targets on a cleanear future.

Our team and advisory community bring experience across geographies from Fortune 500 corporate leadership roles in M&A, investment and carbon trading functions, whilst others have grown technology businesses across borders and exited startups.

For more details, please visit the Carbonless home page.

GET IN TOUCH!

We are inviting all committed stakeholders in the Hong Kong real estate and construction ecosystem to join us as a partner of the Hong Kong Green Tech Challenge.

Get in touch and let’s decarbonise Hong Kong and catalyse the green tech ecosystem together.

Direct Contact:

Deborah Wai
Program Manager

hello@carbonless.asia

We are inviting all committed stakeholders in the Hong Kong real estate and construction ecosystem to join us as a partner of the Hong Kong Green Tech Challenge.

Get in touch and let’s decarbonise Hong Kong and catalyse the green tech ecosystem together.

Direct Contact: hello@carbonless.asia

Copyright © 2024 – Carbonless

Copyright © 2024 – Carbonless