Media Resouces
Youth Entrepreneurs Score with Eco-friendly Business Ideas at Mapletree-SCCCI RHBHacks 2022
December 22, 2021

SINGAPORE – Coffee grounds which can be recycled into solid fuel, candles and accessory trays. Pre-loved clothes which are modified into new wearable designs. Plastic bags which can be re-used as materials for student art workshops.

With “Creativity in Sustainability” as the theme for this year’s Mapletree-SCCCI River Hongbao Hackathon (”RHBHacks”), the 11 finalist teams who made their business pitches before a judging panel today came up with innovative business ideas which are anchored on environmental sustainability.

The Guest-of-Honour at the event was Ms Low Yen Ling, Minister of State, Ministry of Culture, Community and Youth & Ministry of Trade and Industry.

RHBHacks 2022 is sponsored by Mapletree Investments (“Mapletree” or “the Group”) and supported by the Singapore Chinese Chamber of Commerce & Industry (“SCCCI”) for the fourth consecutive year. 

The three teams selected as the winners of RHBHacks 2022 were: Cofeco, Commenhers and Unbox It. The Most Innovative Award was presented to Cofeco. The newly introduced Best Pitch Award was won by Deko. (Further details on the winning teams can be found under Additional Notes.)

The three teams will each receive S$2,000 prize money and S$5,000 seed money to develop and sell their product or service at River Hongbao (“RHB”) 2022, which will be organised from 30 January to 6 February 2022 at Gardens by the Bay.

Mr Tan Wah Yeow, Mapletree Corporate Social Responsibility Board Committee Member, said, “Future generations will have to confront the impact of environmental challenges such as diminishing natural resources and growing waste. Sustainability is a key focus for Mapletree and I am glad to see that RHBHacks has given these young entrepreneurs the opportunity to not only dream big, but also craft innovative, green solutions for the future.”

Inaugurated in 2019, RHBHacks provides youths with the opportunity to come up with business ideas for the annual RHB event, one of Singapore’s most iconic Chinese New Year events. 

This year, the 11 shortlisted teams of between 2 to 5 members were drawn from a field of 84 students from the Institute of Technical Education, polytechnics universities.

In crafting and refining their ideas, the teams attended two virtual retail workshops on 3 and 10 November where they were mentored by Ms Gwen Au, a retail expert from Mapletree Commercial Property Management.

Mr Roland Ng, SCCCI President, said, “One of our priorities is to nurture young business leaders to drive society forward. RHBHacks is not only a platform for these youths to interact and learn from experts and from each other, the theme of ‘creative sustainability’ also means that they are giving back to society with their ideas.” 

Mr Thomas Chua, Chairman of the RHB 2022 Organising Committee, added, “This is the fourth year of RHBHacks and every year, the participating youths continue to inspire us with their ideas, drive and passion. RHBHacks has become an established platform for the seeding of entrepreneurial talents in Singapore.”

Photos

High-res photos can be downloaded here.

Team Deko receiving the Best Pitch Award from Ms Ashley Ang, Assistant Manager, Jumbo Group of Restaurants.

Team Cofeco, receiving the Top 3 Finalists Award from Ms Low Yen Ling, Minister of State for the Ministry of Culture, Community and Youth & Ministry of Trade and Industry

Team Commenhers, receiving the Top 3 Finalists Award from Ms Low Yen Ling, Minister of State for the Ministry of Culture, Community and Youth & Ministry of Trade and Industry

Team Unbox It, receiving the Top 3 Finalists Award from Ms Low Yen Ling, Minister of State for the Ministry of Culture, Community and Youth & Ministry of Trade and Industry 

 

(L-R) Mr Tan Wah Yeow, Mapletree CSR Board Committee Member; Ms Low Yen Ling, Minister of State for the Ministry of Culture, Community and Youth & Ministry of Trade and Industry; Mr Thomas Chua, Chairman of the RHB 2022 Organising Committee; and Mr Lu Cheng Yang, Secretary General, SCCCI at the RHBHacks 2022 Prize Presentation Ceremony

 

List of Winners

Awards
Team Name  School  Team Members  Product/Service 
Top Three Finalists (in alphabetical order)
Cofeco Singapore Polytechnic
Tan Quan Zhi Rayson, Anton Ong Jun Heng, Chong Shei Kai

Collect and process coffee grounds to recycle into more useful products including solid fuel, candles and accessory trays.
Commenhers
Singapore Polytechnic
Nuryanee Anisah Binte Mohamed Noor, Nurul Hanish Syuhada Binte Mohammad Aidil, Ye Htut Linn, Nadya Ruyi Mohd Nasir, Wong Zhen Line 
Reproduce and sell redesigned upcycled apparel.
Unbox It
Singapore Polytechnic
Chen Zixian, Claris Ker Shuen Lee, Yvonne Teo Ru Yi, Teoh Wen Da, Danvir Ajay Singh S/O Pritam Singh
Sells a wide range of interchangeable accessories and display cases for Blind Box enthusiasts.

Most Innovative Award
Cofeco
Singapore Polytechnic
Tan Quan Zhi Rayson, Anton Ong Jun Heng, Chong Shei Kai
(see above)
Best Pitch Award
Deko
Yale-NUS College
Richard Jo, Huang Huanyan
Delivers B2B plastic bag art workshops to primary and secondary schools.

 

MEDIA CONTACTS

Grace Sung

Wong Sher Maine
Assistant Manager, Corporate Communications
River Hongbao 2022 Organising Committee (Secretariat)
Tel: +65 6804 8474
Tel: +65 9325 5443
Email: grace.sung@mapletree.com.sg
Email: media@sfcca.sg



Te Jun Han    
Singapore Chinese Chamber of Commerce & Industry
   
Tel: +65 6340 8351/8726 9039
   
Email: junhan@sccci.org.sg
   

 

ABOUT MAPLETREE
Mapletree Investments (“Mapletree”) is a leading real estate development, investment, capital and property management company headquartered in Singapore. Its strategic focus is to invest in markets and real estate sectors with good growth potential. By combining its key strengths, the Group has established a track record of award-winning projects, and delivers consistent and high returns across real estate asset classes.

As at 31 March 2021, Mapletree owns and manages S$66.3 billion of office, retail, logistics, industrial, data centre, residential, and lodging properties. The Group manages four Singapore-listed real estate investment trusts (“REITs”) and seven private equity real estate funds, which hold a diverse portfolio of assets in Asia Pacific, Europe, the United Kingdom (“UK”) and the United States (“US”).

The Group’s assets are located across 13 markets globally, namely Singapore, Australia, Canada, China, Europe, Hong Kong SAR, India, Japan, Malaysia, South Korea, the UK, the US and Vietnam. To support its global operations, Mapletree has established an extensive network of offices in these countries.

For more information, please visit www.mapletree.com.sg.

ABOUT RIVER HONGBAO
As a part of Singapore’s Chinese New Year festivities since 1987, River Hongbao is organised by the Singapore Federation of Chinese Clan Associations, Singapore Chinese Chamber of Commerce & Industry, Singapore Press Holdings’ Chinese Media Group, Singapore Tourism Board and People's Association.

For more information, please visit: www.riverhongbao.sg and https://www.facebook.com/riverhongbaosg.

ABOUT SINGAPORE CHINESE CHAMBER OF COMMERCE & INDUSTRY
Established in 1906, the Singapore Chinese Chamber of Commerce & Industry (SCCCI) is an internationally renowned business organisation and the apex body of the Chinese business community in Singapore. It is the founder of the biennial World Chinese Entrepreneurs Convention, a global business convention. It plays a key and pro-active role in representing the interests of the local business community.

The SCCCI has a membership network comprising 5,000 corporate members and has more than 160 trade association members, representing over 40,000 companies including large financial and business organisations, multinational corporations, government-linked companies, and small and medium enterprises from a wide spectrum of trades and industries. These members together provide vast resources and opportunities which enable the SCCCI to develop an influential global Chinese business network for business, education, culture and community development. In return, they share a strong sense of pride and identity together and benefit immensely from the SCCCI’s membership services, facilities and activities.

For more information, please visit www.sccci.org.sg