EcoWorth Tech was BI's first incubatee, as an NTU spin-out, when we started in September 2015. In only 9 months time, we incubated what was originally a promising patented technology, into an operating Start-up with this technology translated into applications that are generating strong traction with potential customers.
We introduced EcoWorth Tech to the public and the media during InnovFest UnBound, in Marina Bay Sands on May 17-18. Over the 2 days, we received very positive feedback on the market relevance of the Carbon Fiber Aerogel, and the intended applications. The foundations have also been laid for productive discussions with interested investors.
We are extremely pleased, and excited, to have been awarded the "Hottest Opportunity" during the Institute of Higher Learning Technology Pitching. Seeing that our incubatee is recognised with this award by the jury, is energising for us to keep working hard to push EcoWorth Tech forward, as well as all other incubatees in our portfolio.