TERA-AWARD

Smart Energy
Innovation Competition

Application Deadline

31 August 2021 (Tuesday)

Final Assessment by Judges

2H Oct, 2021

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Introduction

The TERA-Award Smart Energy Innovation Competition aims to empower the development of a green economy, with an objective to identify innovative technologies and solutions for a future with smart energy.
Through the competition, the organisers will offer the application scenarios, funding opportunities and resources to the entries with potential, helping them to bring their innovative ideas to fruition and achieve commercial success.

Scope

Solar Energy
Wind Energy
Geothermal
Biomass Energy (e.g. Non-food Biomass Materials)

Electrochemical
Mechanical (e.g. Flywheel, Pump-storage Hydroelectricity, Solid Mass Gravitational)
Thermal (e.g Heat pump)
Energy Conversion

Carbon Capture
Carbon Utilisation
Carbon Storage
Methane Emission Control

Production
Transmission and Storage
Applications
Green Fuels from Hydrogen

Energy Internet
Virtual Power Plant
A.I. Energy Management

Green Smart Kitchen
Home Energy Management Solution
Green City Planning​
(e.g. Green Transportation, Green Buildings, Waste Management, Air Quality Management)

General Eligibility Requirements

  • Startups or research groups
  • Patented prototypes and products with commercial potential
  • Projects that are in the early stage of commercialisation, with no restriction on the size of revenue.
  • Exploring partners, investors and markets

Application Procedure

Application Procedure & Time-table

Submission Deadline: 17 DEC 2023

Submission

Sept – Nov 2023

Screening by Judges

Dec 2023 – Feb 2024

Online Interview

End of Feb 2024

Final Assessment by Judges

End of Feb 2024

Result Announcement

Mar 2024

Award Presentation

Mar 2024

Prizes for Winners

TERA-Award Silver

US$100,000

TERA-Award Gold

US$1,000,000

TERA-Award Bronze

US$50,000

TERA-Award Gold

US$1,000,000

TERA-Award Silver

US$100,000

TERA-Award Bronze

US$50,000

Trophies and Certificates

Trophies and Certificates

Trophies and Certificates

Trophies and Certificates

Trophies and Certificates

Trophies and Certificates

Trophies and Certificates

Benefits for Participants

01

Grand Prizes

The top three entries in the Grand Final will receive cash prizes of US$1 million, US$100,000 and US$50,000 respectively.

02

Strategic Investment

Outstanding projects from the competition will have the opportunity to receive a strategic investment from Towngas.

03

Application Scenarios

Towngas, along with its subsidiary Towngas Smart Energy, will provide outstanding entries from the competition with application scenarios, empowering innovative technologies and products to be practically implemented and reproduced rapidly.

04

Acceleration Programme

Participants in the competition will have the chance to join the TERA-Award 0-1 Accelerator, which provides an opportunity for project teams to engage in face-to-face interactions with experts in the field, renowned mentors, and investors, aiding in the growth of the projects.

05

Media Promotion

Together with a professional team, we will create media coverage around trending topics related to the TERA-Award Smart Energy Innovation Competition. We will uncover, track, and document the exciting moments and growth journey of the annual winners, while also collaborating with mainstream media to extensively promote and report on the winners.

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