Active Surfaces Wins Kajima Innovation Award at LKYGBPC 2023
The 11th edition of the Lee Kuan Yew Global Business Plan Competition (LKYGBPC) concluded in Singapore on September 14, 2023. The event saw Active Surfaces, a startup co-founded by MIT affiliates Richard Swartwout and Shiv Bhakta, winning the Kajima Innovation Award for their innovative flexible thin-film solar module technology.
The Kajima Innovation Award, carrying a cash prize of SGD 100,000 (USD 73,200), was presented during the Future City Festival inaugurated by Kajima Development. The festival explored innovative ideas to reshape industries and drive progress. The competition culminated in a Mixer Night at CHIJMES in downtown Singapore.
Active Surfaces has previously won the MIT 100K Entrepreneurship Competition and the Harvard Climate Symposium Startup Pitch competition. Their winning technology at LKYGBPC allows for the scaling and real-world construction use of innovative flexible thin-film solar modules, aiming to make any surface capable of harnessing solar energy. This includes urban landscapes and built environments.
Four startups were shortlisted for the Kajima Innovation Award: Active Surfaces, BioWerkz, EmerStat, and Magorium. Kajima Development also launched its first corporate accelerator program at The GEAR in Singapore.
Active Surfaces, with its innovative solar technology, has proven its potential by winning multiple competitions. The Kajima Innovation Award at LKYGBPC further validates their approach, which could revolutionize solar energy integration in urban environments. The company's co-founders, Richard Swartwout and Shiv Bhakta, both affiliated with MIT, are poised to make a significant impact on the clean energy sector.
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