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Indonesian startup Plana, which specialises in upcycling plastic waste into eco-wood and eco-bricks, has gained the primary rank and a money prize of US$5,000 on the 4th KOREA-ASEAN Enterprise Mannequin Competitors for SDGs 2023, a world startup competitors devoted to advancing sustainable improvement objectives.
The runner-up title was claimed by South Korea-based LabSD, which develops digital ophthalmoscopes and teleophthalmology instruments and techniques to diagnose eye illnesses. The startup obtained a money prize of US$3,000.
Additionally Learn: SEA startup roundup: Earth VC backs Kuva House, Singtel Future Makers, AgBioTech incubation, Volta’s funding
Malaysian startup Entomal Biotech, which manages meals waste utilizing black soldier flies, gained the third spot and obtained a money prize of US$1,000.
The three startups had been unveiled through the Demo Day in Jakarta, which was held in a hybrid format, mixing on-line and offline participation.
A complete of ten startup finalists offered their last pitches on the Demo Day. These finalists obtained certificates of recognition from the Ministry of Cooperatives and SMEs of Indonesia. They had been additionally awarded the chance to make use of co-working house at Inexperienced Enterprise Middle Jakarta, Indonesia, freed from cost for at least one yr.
This yr’s competitors noticed participation from 259 startups and SMEs hailing from Korea and ASEAN member states, all dedicated to addressing SDGs. The choice course of concerned two rounds of evaluations, which narrowed the sector to 42 members, consisting of normal registrants and 12 Ecothon winners from Indonesia, Malaysia, the Philippines, and Lao PDR.
The 4th KOREA-ASEAN Enterprise Mannequin Competitors for SDGs 2023 was hosted by the Ministry of SMEs and Startups of the Republic of Korea (MSS) and the Ministry of Cooperatives and SMEs of the Republic of Indonesia (KemenkopUKM RI). The competitors was co-organised by the ASEM SMEs Eco-innovation Middle (ASEIC) and ASEAN-ROK S&T Cooperation Middle (AKSTCC).
Additionally Learn: Why SEA and India would take centre stage in startup and VC world within the subsequent decade
Lee Seung Chan, Secretary-Common of ASEM SMEs Eco-innovation Middle (ASEIC), mentioned: “These startups are extra than simply companies; they’re the engines of innovation, the frontline of sustainability, and the embodiment of hope. Subsequently, KOREA-ASEAN Enterprise Mannequin Competitors for SDGs or in brief, BMC, serves as a gathering level for these people who share a typical imaginative and prescient for a greater, extra sustainable future. BMC connects innovators with mentors, traders, and like-minded companions who can assist flip their good concepts into extra impactful, scalable options.”
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The submit Plana wins 4th KOREA-ASEAN Enterprise Mannequin Competitors 2023 appeared first on e27.
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