Singapore Management University’s Institute of Innovation & Entrepreneurship (SMU IIE) has introduced the Urban SustaInnovator, a pioneering accelerator programme aimed at advancing urban solutions and sustainability startups. Announced during the 12th Lee Kuan Yew Global Business Plan Competition (LKYGBPC), the initiative was launched by Chee Hong Tat, Minister for National Development.
The Urban SustaInnovator is designed to position SMU as a central hub for deep tech innovation in Asia, leveraging the LKYGBPC’s extensive global talent pool. This year, the competition attracted a record 1,572 applications from 91 countries, with 60 finalists vying for a prize pool of $1.8m (S$2.5m). The programme aims to connect startups with global networks and accelerate talent development, reinforcing Singapore’s status as a leading centre for innovation.
Chee emphasised the importance of the accelerator, stating, “This programme brings together venture capitalists, R&D experts, leading companies, and public agencies to mentor promising urban solutions and sustainability startups.” The accelerator will provide guidance on fundraising, market access, and R&D.
The Urban SustaInnovator is a 12-month, zero-equity, zero-fee programme supported by a consortium of public and private institutions, including A*STAR and ST Engineering. It aims to address critical urban challenges such as decarbonisation and sustainable construction, aligning with the Singapore Green Plan 2030.
Lim Sun Sun, SMU’s Vice President of Partnerships and Engagement, highlighted the programme’s potential, stating it could “catalyse revolutionary solutions for a more equitable, sustainable future.” The initiative is expected to significantly boost knowledge and skills transfer within Singapore’s workforce.
