Waste2020 final
Home-grown startup Magorium has been announced the winner of Singapore’s waste-tech startup competition, WASTE 20/20, hosted by StartupX in partnership with Enterprise Singapore and The Incubation Network.
The startup has also won a prize money of approximately US$19,000.
Other finalists include Indian startup Ishitva Robotic Systems, which bagged the second place, along with UK-based data and analytics startup Topolytics.
Founded last year, Magorium converts plastic into polymers, which are then used to produce high-quality bitumen used for road construction.
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WASTE 20/20 is designed to identify waste-tech startups that are tackling challenges in the collection, management and treatment of food and plastic waste globally.
“WASTE 20/20 has demonstrated the need for us to do more to accelerate innovation in the waste space. We aim to bridge the innovation gap for the traditional waste sector and drive a collaborative approach between startups and waste incumbents to tackle the global waste problem. This is only the beginning, and we will continue to invest efforts to support innovation in the waste space in years to come,” said Durwin Ho, CEO of StartupX.
“The competition supports Singapore’s push in building a vibrant ecosystem to groom innovative startups. Particularly in the area of waste management, we see potential for more startups to introduce new and sustainable solutions that will enrich and uplift the capabilities of the sector,” added Yeoh Choon Jin, Director of Enterprise Singapore.
This year, WASTE 20/20 saw a participation of 100 waste-tech startups applying from over 32 countries globally. Eight startups were shortlisted to pitch at the finals, with entries hailing from Singapore, India, Israel, the UK and the US.
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Image Credit: WASTE 20/20
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