Mapletree empowers aspiring innovators with fifth year of support for The Mapletree Challenge
03 May 2024
SINGAPORE - The fifth edition of The Mapletree Challenge Grand Final, supported by Mapletree Investments (“Mapletree” or “the Group”) and organised by the Singapore Institute of Technology (“SIT”), culminated in a successful Grand Final on 3 May 2024. Team Aqua Gold, a group of Year 4 SIT students from the Food Technology degree programme, emerged victorious among the five finalist teams, walking away with the grand cash prize of S$8,000.
Team Aqua Gold aims to leverage Singapore's limited farming space by collaborating with local aquafarms to craft Furikake sustainably. Their innovative offering, O.NILO Fish Furikake, is a nutritious topping crafted from tilapia fish fingerlings and okara (soybean pulp). By incorporating tilapia fish bones into the recipe, Team Aqua Gold minimises waste derived from traditional Furikake production. Available in three flavours, the product utilises locally sourced and upcycled ingredients, coupled with sustainable production methods, to reduce both carbon footprint and food waste.
First launched in October 2018, The Mapletree Challenge has nurtured sustainability guardians who are passionate about preserving a sustainable world with innovative solutions. More than 1,600 SIT students from various fields of study have benefitted from the annual challenges and mentorship centred on ‘Sustainability and Innovation’.
This year’s Challenge, held from February to May 2024, saw participants attending masterclasses on entrepreneurship, investor engagement and sales pitching; participating in a forum discussion on entrepreneurship and innovation by leading entrepreneurs; and sharpening their business proposals with advice from industry mentors. More information about The Mapletree Challenge 2024 is detailed in Annex A.
11 teams competed in the semi-finals stage, with five teams progressing to the Grand Final to vie for the Mapletree Gold, Mapletree Silver and Mapletree Bronze awards. The top three teams from the Grand Final were presented cash prizes of S$8,000, S$5,000 and S$3,000.
Mr Bernard Nee, Deputy President (Industry & Community), SIT, said, “The Mapletree Challenge was a unique initiative that availed learning opportunities through industry and community sustainability challenges. The Challenge has trained hundreds of students to think creatively and offer innovative solutions for sustainable practices, products and services.”
“Our continued support for The Mapletree Challenge 2024 aligns with our Corporate Social Responsibility pillar of education. We are committed to nurturing the next generation of innovators who will positively impact our society. We hope the Challenge serves as a stepping stone for students to continue developing entrepreneurial ideas to make a difference,” said Mr Edmund Cheng, Chairman, Mapletree.
The finalist teams explored various sustainability aspects in products and services – from a smart vending machine that dispenses reusable food containers, a substitute material for styrofoam packaging that is environmentally friendly, a condiment that is produced locally using upcycled ingredients, a mobile app to trade underutilised everyday items which would otherwise be discarded, to a novel 3D printer that automates processes for sustainable operations. The full list of finalists is in Annex B.
Photo Credits: Keng Photography/Tan Eng Keng
The Mapletree Gold winner, Team Aqua Gold, at The Mapletree Challenge 2024 Grand Final held at Mapletree Business City.
The five finalist teams of The Mapletree Challenge 2024 with senior management of SIT and Mapletree.
Exchange of tokens of appreciation between Mr Edmund Cheng, Chairman, Mapletree (left) and Mr Bernard Nee, Deputy President (Industry & Community), SIT (right).
<END>
MEDIA CONTACTS
ABOUT MAPLETREE
Headquartered in Singapore, Mapletree is a global real estate development, investment, capital and property management company committed to sustainability. Its strategic focus is to invest in markets and real estate sectors with good growth potential. By combining its key strengths, the Group has established a track record of award-winning projects, and delivers consistent and high returns across real estate asset classes.
The Group manages three Singapore-listed real estate investment trusts (“REITs”) and eight private equity real estate funds, which hold a diverse portfolio of assets in Asia Pacific, Europe, the United Kingdom (“UK”) and the United States (“US”). As at 31 March 2023, Mapletree owns and manages S$77.4 billion of office, retail, logistics, industrial, data centre, residential and student accommodation properties.
The Group’s assets are located across 13 markets globally, namely Singapore, Australia, Canada, China, Europe, Hong Kong SAR, India, Japan, Malaysia, South Korea, the UK, the US and Vietnam. To support its global operations, Mapletree has established an extensive network of offices in these countries.
For more information, please visit www.mapletree.com.sg.
ABOUT SINGAPORE INSTITUTE OF TECHNOLOGY
The Singapore Institute of Technology (SIT) is Singapore’s first University of Applied Learning, offering industry-relevant degree programmes that prepare its graduates to be work- and future-ready professionals. Its mission is to maximise the potential of its learners and to innovate with industry, through an integrated applied learning and research approach, so as to contribute to the economy and society.
The University’s unique pedagogy integrates work and study, embracing authentic learning in a real-world environment through collaborations with key strategic partners. Its focus on applied research with business impact is aimed at helping industry innovate and grow. Ready in 2024, SIT’s centralised campus within the larger Punggol Digital District will feature a vibrant learning environment where academia and industry will be tightly integrated with the community.
For more information, visit www.SingaporeTech.edu.sg.
