Taronga Ventures, the renowned Australian technology investor, is making waves in the real asset sectors, driving innovation in real estate and infrastructure. With its comprehensive portfolio comprising RealTech Ventures funds, RealTechX innovation programs, and Taronga Advisory, the group fosters sustainability and technology advancements for institutional real asset owners and operators.
Today, RealTechX, the innovation arm of Taronga Ventures, has unveiled the 12 exceptional technology businesses selected for its prestigious ESG Impact innovation program in 2023. This groundbreaking program has garnered support from nine global real estate corporates, including industry giants like APG, CapitaLand, CBRE, and Dexus. The participation of these influential players underscores the program's significance and the growing importance of environmental, social, and governance (ESG) initiatives in the real estate sector.
The overwhelming response to the ESG Impact program this year is a testament to its growing prominence. With over 310 applications received from more than 40 countries, there has been a remarkable 40% increase in submissions compared to the previous year. This surge highlights the rising maturity and sophistication of technology companies in measuring and delivering sustainable outcomes, aligning with the stringent reporting standards set by their corporate customers.
The ESG Impact program serves as a catalyst for emerging technology companies, enabling them to achieve sustainable growth and scalability. Through collaborative partnerships, mentoring, and investment opportunities, these companies are empowered to make a profound social and environmental impact on the built environment. The program opens doors for deep collaboration, increased commercial opportunities, and the potential to expand its customer base across the Asia Pacific region and beyond.
Julian Kezelman, Taronga Ventures' Innovation Director, expressed his enthusiasm for the program's success, stating, "The continuous rise in the caliber of ESG technology companies applying to the program is truly remarkable. This year's increase in submissions showcases their growing maturity and dedication to meeting the evolving sustainability needs of their corporate partners." Entela Benz, CEO and Co-founder of Intensel, one of the selected companies, shared her excitement, saying, "We are thrilled to be part of ESG Impact in 2023. This program opens doors for new customers and commercial opportunities across the Asia Pacific region and beyond. We look forward to helping our corporate partners manage climate risks and drive real-world impact."
With Taronga Ventures and RealTechX at the helm, the ESG Impact innovation program is poised to drive meaningful change in the real estate sector. By nurturing groundbreaking technologies and facilitating partnerships, the program lays the foundation for a sustainable future, where technology and innovation converge to create a positive impact on our built environment.