The Industrial Revolution and linear economy's single-minded pursuit of maximizing profits has resulted in the world's top 100 cities contributing half of global GDP while consuming 2/3 of Earth's energy and producing 75% of greenhouse gas emissions. As extreme climate threats approach, the world is making every effort to combat them, triggering the international ESG wave and presenting unprecedented challenges and opportunities for corporate operations. Given the rapid climate change and the urgent need for global net-zero efforts, FET President Chee Ching believes that more startup teams need to join the collective effort to contribute to the net-zero mission. At the same time, FET hopes to develop green net-zero business opportunities together with startup partners and support the growth of the startup industry.
FET IT and Digital Transformation Technology Group Executive Vice President Hu De-min stated that to move toward sustainability, enterprises must simultaneously implement dual-axis transformation of digitalization and ESG green sustainability. "Transforming carbon anxiety into carbon business opportunities requires innovation - whether it's business model innovation, process innovation, or platform innovation. Startups are also key external forces driving innovative thinking in the industry. The FET Startup Accelerator connects industry and startups to create win-win outcomes." The FET Startup Accelerator carefully selects outstanding startup teams from diverse fields, sharing technology, business operations, and commercial profit models, providing innovative services by leading smaller players, enabling enterprises to gain trustworthy innovative assistance while helping startup partners connect with greater business opportunities. Starting now, the FET Startup Accelerator is launching its third phase recruitment, welcoming startups to apply.
Sustaihub Launches One-Stop ESG Intelligence Platform to Accelerate SME Dual-Axis Transformation
Sustaihub, a Phase 2 team of the FET Startup Accelerator, combines ESG and AI to provide enterprises with a one-stop ESG intelligence platform, effectively helping enterprises reduce report production costs by 30% and cut production time by 50%, attracting heavyweight clients such as ASUS, FET Electronic Toll Collection, Taiwan Textile Research Institute, and Taichung Veterans General Hospital. Founder and CEO Lee Chen-pei stated that in fact, the corporate net-zero carbon reduction pathway is divided into three stages: carbon inventory, carbon reduction, and carbon neutrality. "With Sustaihub alone, we can only achieve the first step. To move toward carbon reduction, we must integrate FET's energy management system. Only by mastering data and reduction plans can we help enterprises plan a complete carbon neutrality pathway."
Sustaihub is precisely targeting FET's deployment in smart energy management solutions. "We developed our past consulting know-how into a system that can be quickly applied to SME scenarios, complementing our cooperation with FET to provide dual-axis transformation solutions for digital and sustainability." Lee Chen-pei admitted that startups often face four major obstacles: "insufficient sales manpower," "difficulty finding suitable contacts when connecting with enterprises," "insufficient brand awareness," and "immature distribution models." Joining the FET Startup Accelerator can address these pain points.
FET IT and Digital Transformation Technology Group Smart City Solutions Division Associate Director Chang Wen-chin stated that from RE100 (100% renewable energy use), EP100 (100% increase in energy efficiency), to EV100 (100% electrification of transportation) - all three major global environmental organization initiatives are inseparable from energy management system (EMS) usage. FET is Taiwan's largest energy management operator, serving over 100,000 enterprise customers nationwide. In the future, FET's energy management system will integrate suitable startup solutions to continue strengthening the ESG net-zero ecosystem and provide better services to enterprise customers.
ESG has now become an important issue that all enterprises must face. Behind the challenges lie tremendous business opportunities. FET helps startup partners create better products and expand business opportunities. From now until December 29, the FET Startup Accelerator Phase 3 is actively recruiting, welcoming outstanding startups from all fields to apply and accelerate becoming Taiwan's next unicorn.
Business Today article link: FET Leads by Example, Partners with 3 Startup Champions to Build Net-Zero Ecosystem
