Temasek Foundation to put in $4.2m to improve Singapore’s liveability

Logo of Temasek Foundation Ecosperity

Temasek Foundation Ecosperity (TF Ecosperity) announced its S$6 million ($4.2 million) funding support for four innovative projects that are targeted towards improving Singapore’s liveability conditions.

The Singapore-based non-profit philanthropic organisation which was formed in 2016 said in a statement that the four projects are amongst the first batch of proposals that aim to bring about enduring solutions, systems and capabilities against environmental, biological and other adversities in Singapore and beyond.

The first project will see the building of a quick response to mass disease outbreaks starting with a therapeutic for the Zika Virus. The project aims to produce a treatment against the virus with the objective of reducing time for a product to reach clinical trials from as long as five years to just under one year.

The second will see bio-based platforms for mosquito vector control. The project aims to develop alternative bio-pesticides such as larvae control sprays, air diffusor oils and repellents against larvae and adult mosquitoes.

The third proposal will involve the production of air+ smart masks and micro ventilators to better fit the faces of younger children aged between three to six.

The final proposal will see six additional airbitat smart cooler prototypes that will be deployed for test-bedding at various public spaces in Singapore including the Singapore Zoo. The purpose is to supplement the currently deployed ones and to compile data to support further research and development.

Mr Teo Ming Kian, Chairman of Temasek Foundation Ecosperity, said, “The four proposals we support are good examples of the types of problems we would like innovators to help solve. A city is liveable not just with clean water and green surroundings. The recent Zika outbreak in Singapore shows that we must have good effective responses to infectious diseases when they come to the shores of our open and globalised city.”

“Not all proposals we support will eventually be successful, but we want to lend a helping hand to get people to take their ideas off the ground so that for those that do succeed, they would be proud to have contributed to a better Singapore for generations to come and to bring their solutions to other cities as well,” added Mr Teo.

Back in September, the Singapore state investment firm Temasek Holdings Pte announced that it will set up six new foundations under its philanthropic platform which will manage a total of 17 endowments.

Temasek has committed more than S$2 billion for community initiatives so far, and says it has helped more than 300,000 people through its philanthropic efforts. It has funded 13 initiatives totalling S$9.8 million in the last financial year, according to its annual report.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.