Panasonic Deep Tech Innovation Challenge 2 aims to identify high potential startups with emerging technologies to collaborate and co-innovate with Panasonic's heating/cooling thermal storage capabilities in various applications such as advancing product functionality, transportation & storage, pharmaceutical products and enabling human relief. Panasonic will be featuring two different thermal storage technologies in this challenge: (i) Cold storage technology, and (ii) Heat storage technology.
Selected companies may be given the opportunity to license Panasonic's IP, co-innovate on solutions, and leverage on Panasonic and Panasonic R&D Centre Singapore resources.
Southeast Asia companies (startups/SMEs) with a promising solution in the areas of Heat/Cold thermal storage technology.
With a working product or service, preferably with high traction in the market.
Must be able to deploy the solution fast to the marketplace.
*The briefing session on 2 March 2021, 2PM (SGT) recordings will be made available upon request, drop us a message below!
What are the challenges?
Transportation & Storage
Southeast Asia is a tropical region with warm temperatures and high humidity. Storing and transporting food, products and other materials may require a specific range of temperatures to keep the goods intact. Panasonic would like to solve wastage from storage and transport complications - where Panasonic will provide the heat and cold storage technology, IP and resources to create an environment suitable for prolonged periods of time.
Product Functionality & Enhancement
Certain machines, systems, and storage items are best operated within a range of temperatures. Operating in suboptimal temperatures may result in decreasing activities and even damage. To tackle this problem, the industry has created cooling systems that require large amounts of energy and are generally costly. Additionally, there can be losses in the event of power outages or failures.
Panasonic wants to utilise cold storage technology to solve such energy consumption and emergency problems. Panasonic's cold storage technology can reduce energy consumption and create an environment that cools machines and equipment promptly and for a long time in an emergency.
Note:Panasonic is open to new ideas on possible applications of the technologies. Please feel free to propose your ideas or solutions!
Get mentored and work with Panasonic
Advance your technology
Understand market trends
IP & Tech Licensing
Further development of the technology through Panasonic’s additional resources and IP licensing
Set up opportunities for discussions with Panasonic engineers
Cash Prizes for Top 3 winners
05 Feb 2021- 26 Mar 2021
Submit your company profile, solution and pitch deck
2 Mar 2021
Find out more about the challenge and technologies from the key management team. The Panasonic team will be present to help interested applicants contextualise and offer clarifications if required
Selection and Confirmation of Finalists
2 Apr 2021
Top companies chosen as finalists
5 Apr 2021 - 16 Apr 2021
Finalists are mentored and required to produce deliverables
Demo Day Preparation
15 Apr 2021
Finalists will prepare their pitch and solution demo
16 Apr 2021
Finalists will pitch to Panasonic's key management
Terms and Conditions
Before you apply, kindly read the terms and conditions here!
We welcome applications from both Southeast Asia and International company (startups/SMEs) that is interested in ASEAN with a promising solution in the areas of thermal storage technology. If you are unsure about your eligibility to enter the Challenge, please contact us before submitting an entry.
Can I apply my solution for more than one challenge?
Yes, you may apply to more than one of the challenge announced on the Challenge Website.
When will the briefing session be held to learn more about the challenge?
The briefing session will be held on 2 March 2021, 2PM (SGT) via online here! Panasonic will provide more information and answer queries about the challenge and technologies during the session.
Will I have to give up any equity or IP?
Panasonic does not retain any equity or ownership of the solution upon application. You retain full and exclusive ownership of your information and intellectual property rights. However, Panasonic will work out a separate agreement if the start-up enters into a project contract with Panasonic, or any investments made by Panasonic after due diligence may involve equity.
Where will the Demo Day be held? Do I have to fly to Singapore?
The Pitch for finalists will be held in Singapore. Due to the current travel restrictions, the Demo Day will be held via a video conference.
What happens after I submit my application? Is there a fee?
We will contact you should Panasonic be interested in your solution. Given the high volume of applications and the Lunar New Year, we strive to release the results by the end of March. There will not be any fee involved to take part in the pitch. The outcome of the pitch will only be released from April onwards after due diligence.
How will the prizes be awarded?
The organisers will select the final Top 3 winners from the two challenges during the Demo Day. Thereafter, we will contact the Top 3 winners and disbursed the prizes.
If I'm doing a POC project with Panasonic, where will it be?
For the POC project, it will be done in your home country to pilot first. Panasonic may then decide to pilot it in different countries and they will help with scaling and international expansion. Do note that this pitch does not guarantee any POC projects or investments.