Filipino startup Klimatech named finalist in Lee Kuan Yew contest

Insider Spotlight

  • Philippine breakthrough: Klimatech among 60 global finalists at the 12th Lee Kuan Yew Global Business Plan Competition (LKYGBPC)
  • Urban sustainability focus: Its vertical-axis wind turbine aims to deliver clean energy in cities and remote areas
  • Global stage: Finalists from 1,200 universities to pitch in Singapore with S$2.5 million prize pool

Philippine climate-tech startup Klimatech has been named one of 60 finalists in the 12th Lee Kuan Yew Global Business Plan Competition, a biennial university-led startup challenge that draws top innovators from around the world.

Organized by the Singapore Management University’s Institute of Innovation and Entrepreneurship (SMU IIE), this year’s competition coincides with Singapore’s 60th year of independence and features a record S$2.5 million prize pool.

The big picture

The 12th LKYGBPC drew over 1,500 applications from 1,200 universities across 91 countries, a 57 percent jump from the previous edition. The competition zeroes in on Urban Solutions and Sustainability, spotlighting startups tackling energy, mobility and infrastructure challenges.

Led by founder Joseph H. Valdez, Klimatech created Vortex—a vertical-axis wind turbine that combines aesthetics and function for sustainable energy in urban, remote, and commercial spaces.| Contributed photo

About Klimatech

Klimatech, based at the Asian Institute of Management in the Philippines, is developing the Vortex vertical-axis wind turbine (VAWT)—a design that blends aesthetics with functionality to provide sustainable energy for urban, remote and commercial spaces.

What they’re saying

“These numbers reflect the growing confidence from startups globally in leveraging Singapore as a business and technology gateway to the rest of Asia,” said Shirley Wong, Entrepreneur-in-Residence at SMU IIE and Chairperson of the 12th LKYGBPC Advisory Committee.

What’s next

Finalists will converge at SMU’s city campus from Sept. 29  to Oct. 2  for the Grand Finals Week. Startups will pitch their innovations before an international judging panel and engage in roundtable sessions with regional business leaders.

With its innovative wind turbine technology, Klimatech is poised to showcase Filipino ingenuity on a global stage, representing the country in one of Asia’s premier deep-tech competitions. —Ed: Vanessa Hidalgo

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