Tag: World Economic Forum

Business

Manulife and World Economic Forum Launch Longevity Challenge

Jun 18, 2024 by Sujata Muguda 0 Comments #Head of UpLink, #John Dutton, #Longevity Challenge, #Manulife and Uplink, #Manulife and World Economic Forum, #Sarah Chapman, #TORONTO, #World Economic Forum

TORONTO, June 18, 2024– Manulife and the World Economic Forum (“the Forum”),  announced the launch of the Prospering in Longevity Challenge, through UpLink, the Forum’s open innovation platform. Earlier this year, a multi-year partnership between Manulife and Uplink was announced at the Forum’s Annual Meeting in Davos and the Prospering in Longevity Challenge is the first of three innovation challenges designed to help shape the future of, and investment in, longevity innovation.

Together, Manulife and the Forum invite global start-ups with innovative preventative healthcare and financial well-being solutions, and those committed to enabling people of all generations to thrive while enjoying a financially resilient and fulfilling long life, to participate in the challenge. Applicants can begin applying today through July 22, 2024. Full project details, including eligibility criteria and timelines, can be found on the challenge page here.

“By 2050, the global population over 65 is expected to double to 1.6 billion, bringing significant health and wealth challenges for our planet,” said Sarah Chapman, Global Chief Sustainability Officer for Manulife. “We are partnering with the World Economic Forum and UpLink because of our shared sense of urgency to find inclusive and accessible solutions to help people worldwide live longer, healthier, and better lives.”

While people are living longer than in previous generations, it does not always equate to improved health span. On average, people spend about 50 percent of their lives in less than good health, including 12 percent in poor health1.

As the population ages, factors like financial resilience and literacy, healthy ageing, generational skill-building, social connection, and longevity inequalities across gender, race and class will be critical in ensuring a more sustainable, healthier future – and we must act with urgency.

The themes for the first Longevity Challenge are as follows:

  • Strengthening financial resilience across longer lives, which will create solutions that democratize access to tools that increase financial resilience, e.g. empowering better financial decisions, capacity to save, behavioral focused financial apps.
  • Embracing a preventative approach to healthcare, which will aim to surface solutions aimed to improve physical and mental health with a preventative approach to healthcare, e.g. early risk factor detection and intervention, lifestyle trackers, access to virtual medical care.

“Innovation is key to achieving the Sustainable Development Goals by 2030, and by partnering with Manulife, we are committed to sourcing and scaling innovative solutions that strengthen financial resilience across longer lives and embrace a preventative approach to healthcare,” said John Dutton, Head of UpLink, World Economic Forum. “This collaboration will democratize access to tools that increase financial resilience and surface solutions aimed at improving physical and mental health.”

Business

HCL Group and UpLink Announce Winners of Zero Water Waste Challenge

Jan 20, 2024 by Sujata Muguda 0 Comments #HCL Group, #HCLTech, #Karina Pena, #Olivier Schwab, #Roshni Nadar Malhotra, #World Economic Forum

Davos-Klosters, Switzerland, 20 January 2024: HCL Group, a global conglomerate and UpLink, the open innovation platform of the World Economic Forum, today announced the top 10 water-focussed entrepreneurs who will receive a financial award from a total pool of 1.9 million CHF as part of the Zero Water Waste Challenge. HCL Group committed $15 million investment in total to drive freshwater sector innovation for five years until 2027. In less than a year, HCL Group’s commitment saw a 10x return on its investment as the first cohort of ‘Aquapreneurs’ collectively raised $54.5 million after joining the UpLink Innovation Ecosystem.

L- Roshni Nadar Malhotra, Chairperson, HCLTech along with the two Aquapreneurs at World Economic Forum 2024

The Zero Water Waste Challenge is the second out of five innovation challenges, under HCL Group and UpLink’s Aquapreneur Innovation Initiative. The focus of this year’s challenge aimed at capturing and protecting freshwater supply, water reuse and recycling of materials and saving water in agriculture.

Top 10 water-focused entrepreneurs or “Aquapreneurs” were selected from a pool of 192 global applicants. Out of these, most of the applications were from Africa (16%), Asia (18%) and Europe (13%). These Innovators come from eight different countries and are bringing cutting edge innovative solutions in areas such as greywater reuse, rainwater capture, advanced filtration, precision agriculture, and data analytics and AI.

Announcing the winners, Roshni Nadar Malhotra, Chairperson of HCLTech said, ” In light of the current global climate change crisis and increasing scarcity of freshwater resources, the urgent need for innovative solutions to manage our freshwater supplies cannot be overlooked. These innovations reshape our approach to water, optimizing its use and conservation. HCL stands committed to supporting these innovations for a positive global impact. Congratulations to the winners of the Aquapreneur Innovation Initiative 2024.”

Climate change, pollution and overuse pose a grave threat to the planet’s freshwater supplies”, said Olivier Schwab, Managing Director of the World Economic Forum. “UpLink and HCL are building an innovation ecosystem around early-stage, water-focused entrepreneurs that will provide them with the resources, expertise and vital funding they need to thrive. The solutions created by these ‘Aquapreneurs’ will play a crucial role in bringing about the transformative change required to shape a sustainable, water-resilient future for all.”

Two of the top 10 innovators were selected to present their solutions at the World Economic Forum’s Annual Meeting in Davos in 2023:

“We are thrilled and humbled to be recognized as a Zero Water Waste challenge winner,” said Karina Peña, CEO and Co-founder of FieldFactors, “joining this cohort will allow us to bring our technology to the global stage, increasing community resilience to the impacts of climate change.” FieldFactors is a water technology start-up providing circular solutions for urban water management and climate adaptation. Specializing in climate change adaptation, the company designs and implements integrated solutions to combat urban flooding, drought, and heat stress, fostering biodiversity with green space.

“Being named an Aquapreneur is validation for our vision to eliminate urban water pollution” said Asim R. Bhalerao, CEO of Fluid Analytics, “we look forward to working with HCL and UpLink, World Economic Forum to bring our vision to life globally.” Fluid Analytics Inc. is a water analytics company committed to addressing urban water pollution. With unique mathematical and machine-learning models trained on diverse datasets, Fluid Analytics Inc. has successfully deployed solutions, monitoring over 1.5 billion litres of urban water pollution and enabling the treatment and reuse of 800 million litres daily.

The other entrepreneurs that were awarded prize money from HCL Group and support from UpLink are:

Juan Carlos Escobar, CEO and Co-Founder and Rina Martínez, Co-Founder of AQUAKIT SRL, (Bolivia) – A grey water treatment technology that enables the recycling of household greywater for non-potable uses and reduces wastewater emissions.

Amira Cheniour, Co-Founder and CEO and Taher Mestiri, Co-founder, Chief Technology Officer of SEABEX SAS (France) – An AI-powered precision irrigation solution that uses a digital twin to help farmers produce more food with less water.

Gokul Krishna Govindu, CEO of SmartTerra (India) – An AI-powered analytics software designed to analyse data and reduce water losses in city-scale and built environment networks.

Trupti Jain, co-founder of Naireeta Services Private Ltd (India) – A community-based rainwater harvesting technology that filters, injects and stores rainwater for use in dry seasons.

Mulundu Sichone, CEO at PYDRO (Germany) – A cost-effective self-powered smart flow meter for water pipes, helping to reduce water leaks, prevent pipe bursts and perform quality checks in real-time and 24/7.

Laurence Battaille, CEO and Gregoire de Hemptinne, Co-founder of SHAYP (Belgium) – An IoT-enabled SaaS solution that monitors water consumption in real estate buildings in real-time helping building managers to eliminate leaks and related damages.

Greg Newbloom, CEO and founder of Membrion (United States) – A ceramic desalination technology that removes metals, minerals and salts from harsh industrial wastewater – enabling the water to be recycled in a cost-effective and energy efficient manner.

Jaime de la Cruz Gonzales, CEO of Kran Nanobubble, (Chile) – A nanobubble technology solution optimizing water efficiency in agriculture, water treatment, and aquaculture.

In addition to the financial reward, winners will receive exclusive access to events, projects, and communities led by the World Economic Forum and partners.