EDB New Ventures taps ENGIE Factory to launch zero-carbon startups

It has launched seven cleantech ventures since its launch in early 2019.

The Singapore Economic Development Board (EDB) New Ventures group will collaborate with ENGIE Factory, the venture arm of ENGIE Asia-Pacific, to launch a portfolio of new, zero-carbon startups in the next three years.

ENGIE Factory’s venture build programme uses proven, highly customer-centric corporate venturing methodology, which begins with a list of ideas and problems identified through its research and results in venture-grade business plans.

This corporate venturing model has allowed ENGIE to expand its activities in two ways: first, to use technology to grow its offering to new groups of customers; second, to bridge sustainability and tech industries such as IoT, AI and fintech, to strengthen the reach and accessibility of low-carbon client solutions.

“Our mission is to build the next generation in sustainability ventures that accelerate the transition to zero carbon, using profitable business models and by solving problems customers really care about,” said Quentin Vaquette, founder and managing director of ENGIE Factory.

Furthermore, according to ENGIE Factory, cleantech as a venture investment segment is often misunderstood. “The next decade in sustainability is about business model innovation whereas most still think it is only about inventing new technologies,” Vaquette continued.

Since its launch in early 2019, ENGIE Factory has initiated seven new ventures and tested 10 technology solutions from existing startups.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia