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Startup Wire | Three Feet High and Rising

KrASIA

Quest Ventures is calling for startups focused on making a sustainable impact to apply for the second cohort of their Sustainable Impact Accelerator (SIA) in partnership with raiSE. James Tan, managing partner of Quest Ventures, said, “Socially impactful enterprises can also scale like high-growth startups, unlocking capital and resources to impact more people regionally and globally. Building upon the success of the first cohort, we look forward to partnering with raiSE again to propel high-potential impact businesses forward in their journey.”

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raiSE and Quest Ventures launches second cohort of the Sustainable Impact Accelerator

The Edge

This accelerator, organised by the Singapore Centre for Social Enterprise, raiSE and Quest Ventures, a venture capital firm in Asia, aims to support budding impactful startups by providing financial and non-financial support to help them improve their competencies and gain access to regional and global markets.

Since launching in 2022, companies from the first cohort of the Sustainable Impact Accelerator have collectively pitched to over 2,000 investors, corporates, government organisations, and other stakeholders across Asia within the first three months of the programme. Some companies have also successfully raised their next funding round within a few months and gained a foothold in overseas markets such as Australia, Malaysia, Indonesia, and Vietnam.

James Tan, Managing Partner of Quest Ventures, said, “Socially impactful enterprises can also scale like high-growth startups, unlocking capital and resources to impact more people regionally and globally. Building upon the success of the first cohort, we look forward to partnering with raiSE again to propel high-potential impact businesses forward in their journey.”

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‘Ugly’ food gaining acceptance in Singapore but more education needed, businesses say

Channel NewsAsia

Treatsure’s Mr Wong said that investors’ understanding of the potential of food waste companies still appears to trail behind in Asia compared with the West.

“It does seem that they’re trailing behind in … that understanding of the potential impact if a company could scale similarly in terms of what our peers in Europe have done.”

He pointed to other tech platforms aimed at reducing food waste in Europe and North America, such as Copenhagen-based Too Good to Go and London-based Olio.

“It’s still quite a niche and selective group that we’re talking about,” Mr Wong said of Asia’s investors in food waste companies.

But he also pointed out that there were “encouraging signs”. Last year, venture capital firm Quest Ventures came on board as an investor with Treatsure.

“There are investors who are looking at this opportunity, because food waste is quite a significant opportunity. It’s just (a matter of) the model in which the business operates,” he said.

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