A social forestry project has won the 2022 edition of the Liveability Challenge, a yearly search for ways to tackle the most difficult sustainability challenges faced in Southeast Asia.
Fairventures Social Forestry, a team from Germany, emerged ahead of five other finalists to clinch the grand prize of S$1 million (US$728,000) in funding from Temasek Foundation, the sponsor of the Liveability Challenge and philanthropic arm of Temasek, Singapore’s state-investment company.
The Fairventures project aims to sustainably manage forests and improve livelihoods in Jambi, Indonesia, using a scalable social forestry model that incorporates blended finance.
The winner was chosen from a field of finalists that included an initiative to curb the energy consumption of data centre through artificial intelligence and digital twin technology by a team from Singapore called Red Dot Analytics, and a large-scale carbon sequestration project by British team CQUESTR8.
Also among the finalists were GAIT, a team from Singapore and New Zealand that measures carbon, and Wasna, a team from Belgium and Singapore that makes low-cost cultivated meat using a universal serum.
The sixth finalist was ImpacFat, a Japan-Singapore team that produces alternative meat products using cell-based fish fat.
Additional prizes of S$50,000 from Quest Ventures went to Fairventures and ImpacFat, S$100,000 from Purpose Venture Capital was awarded to Red Dot Analytics, and S$100,000 from Amasia went to GAIT.