Cut The Tosh Collaboration Summit Closes Climate Innovation League 2022 for Early Stage Level

The showcase and awarding event aims to be a bridge of collaboration between startups and advanced industries in order to accelerate the pace of green economy transition in Indonesia.

PRESS RELEASEEVENT

Ecoxyztem

10/27/20223 min read

Climate Innovation League Early Stage Startup Finalists

Climate Innovation League Early Stage Startup Finalists

Jakarta, 19 October 2022 - The closing event of Climate Innovation League, a startup escalation program on environmental issues and climate change (Climate-Tech) was held in conjunction with Cut The Tosh Collaboration Summit which was held on 18-19 October at Thamrin Nine Ballroom, Jakarta. The program, which was initiated by Ecoxyztem Venture Builder, has been implemented for more than 3 months and finally succeeded in determining the winning startups for the early-stage category, namely BIKI as first place winner, Plana as the runner up, Transisi as the second runner up, and Electric Wheel as the winner of People's Choice Award.

The four winners managed to get a kick-start grant presented by the Delegation of the European Union to Indonesia with a total value of 120 million rupiah, the prize directly given by Jonathan Davy, CEO of Ecoxyztem. The winners succeeded in demonstrating innovations that have sustainable potential both in terms of business economics, as well as from the environmental impact. One example is BIKI as the first place winner offering chitasil edible coating solution which is able to extend the durability of fruits and vegetables in the effort to reduce food waste in Indonesia.

Climate Innovation League Early Stage Startup Winners

Climate Innovation League Early Stage Startup Winners

The awarding of Climate Innovation League was held on the second day of Cut The Tosh Collaboration Summit, an initiative of Multi Bintang Indonesia (MBI) with the theme “Turning Narrative into Action.” Cut The Tosh itself is a space for collaboration between stakeholders on environmental and sustainability issues to work together in realizing long-term solutions. This event brought together industry players, especially those who are members of KADIN Net Zero Hub, Global Water Partner Southeast Asia, Clean Energy Investment Acceleration, as well as NGOs and communities driving environmental issues.

In addition to the four winners of Climate Innovation League, the first day showcase also featured several climate-tech startups such as Waste4Change, Enertec, SKUTI, FisTx, Evomo, SIAB Indonesia, and Allas. "Cut The Tosh Collaboration Summit is a meeting place between industry players and new innovators in sustainability issues, which are expected to collaborate in jointly achieving the target of reducing greenhouse gas emissions by 2030." said Ika Noviera, Director of Corporate Affairs of PT Multi Bintang Indonesia.

Demo Day Startup Presentation
Demo Day Startup Presentation

Demo Day Startup Presentation

The Climate Innovation League program is held by Ecoxyztem in collaboration with the European Union Delegation to Indonesia and supported by EIT Climate-KIC. This program is designed to support startups with environmental business solutions through workshops and mentoring filled with professionals from well-known business backgrounds including Zero Waste Living Lab, 10x Impact, Grab, BRI Ventures, Gayo Capital, Schoters, Fliptech, Antler, Justika, EngageRocket, ReservoAir, and Prospect Institute.

The finalists managed to come out on top of over 130 startups that registered in Climate Innovation League. “We are proud to see startup developing from the initial workshops to being able to present their business potential in front of potential investors and collaborators on the Cut The Tosh Collaboration Summit stage. Hopefully, this will be a bridge of collaboration between startups and advanced industries in order to accelerate the pace of green economy transition in Indonesia.” said Jonathan Davy CEO of Ecoxyztem in his opening remarks.

Collaboration Hallway
Collaboration Hallway

Collaboration Hallway

The Climate Innovation League program is also a development for 11 startups from the university level. After getting through the adjudication process at EU Diplomacy Week demo day event, the startup finalists will hold a showcase and get their announcement at Green Future Festival. The festival is a collaboration between Ecoxyztem and SUN Energy, held in Hutan Kota GBK on 29-30 October 2022.