The fund was announced by CapitaLand’s group CEO Lee Chee Koon at the grand finale of the inaugural CapitaLand Sustainability X Challenge, where sustainability-focused companies, Inovues and Climatec Corp clinched the top prizes.
CapitaLand has set up a $50 million innovation fund on June 11 to support the testbedding of sustainability and other high-tech innovations in the built environment space.
The move comes as the group seeks to step up on its sustainability drive.
