BlueScopeX Funds Initiative To Advance ASEAN's Green Construction Innovation

KUALA LUMPUR, May 23 (Bernama) -- BlueScopeX, the corporate venture capital arm of BlueScope, is joining the Australia Green Economy Innovation Challenge (AGEIC) programme organised by Enterprise Singapore to drive funding and development of innovative technologies, delivering sustainable transformation in construction.

Launched in late April 2024, AGEIC brings together start-ups and small and medium-sized enterprises (SMEs) to collaborate with major Australian companies across key sectors including Built Environment, Food and Agriculture, as well as Transport and Logistics, all intending to solve critical sustainability challenges.

BlueScopeX will consider proposals for new solutions to fundamentally improve the thermal performance, carbon footprint, and general sustainability of industrial and commercial buildings through better design, products, systems, and installation methods.

This scope covers all stages of the building lifecycle, from conceptual design through to construction, operation, and even deconstruction, according to a statement.

Interested start-ups and SMEs are welcome to present detailed proposals of their idea, showing how their new technologies revolutionise the design and construction of industrial and commercial buildings so that they are greener and more efficient.

Successful applicants will qualify for funding sponsored by BlueScopeX to go on and realise the development of their innovations and will also have access to BlueScope’s industry expertise, as well as the company’s network and connections.

In the Association of Southeast Asian Nations (ASEAN) countries, BlueScope is already accelerating its own transformation in shifting to more sustainable business practices, whereby the company has optimised paint lines at its manufacturing plants, to allow greater heat recovery and energy efficiency.

A global leader in metal coating and painting products for use in the building industry, BlueScope creates and inspires smart solutions in steel.

Headquartered in Australia, the company runs over 160 operation sites in 16 countries, with 16,500 employees globally.

-- BERNAMA