StellerusTech wins 'Green and Sustainable Fintech Proof-of-Concept Funding Support Scheme', showcasing HK's inno & tech stren
Recently, StellerusTech was awarded funding under the "Green and Sustainable Fintech Proof-of-Concept Funding Support Scheme" launched by the Financial Services and the Treasury Bureau of Hong Kong (FSTB), receiving financial support of HK$150,000. The project awarded is titled "Empowering Carbon Insurance Industry with Carbon Project Lifecycle Risk Management Verified by Carbon and Multispectral Satellite Data," which aims to drive innovation and development in the carbon insurance sector.
Driving innovation in green fintech
The "Green and Sustainable Fintech Proof-of-Concept Funding Support Scheme" was launched in June 2024 by the Financial Services and the Treasury Bureau of Hong Kong and is managed by Cyberport. The scheme aims to provide funding support to technology companies and research institutes to implement innovative and high-impact Green and Sustainable Fintech solutions and expedite their commercial adoption in Hong Kong.
StellerusTech has successfully applied for the scheme and will use satellite data technology to validate carbon project risk management. This project aims to help the carbon insurance industry resolve existing risk assessment challenges and provide more accurate and actionable carbon emission risk data. The goal of this innovative project is to promote the development of the carbon finance market and enhance the risk management capabilities of carbon insurance.
Accelerating the commercialization of green fintech applications
According to the requirements of the scheme, the proposed project must indicate high levels of innovation and commercial potential. StellerusTech's carbon project risk management solution meets this standard and has significant implications for the green finance market in Hong Kong and globally. This project will help Hong Kong businesses and global carbon market participants better assess and manage carbon emission-related risks, promoting the maturity and development of the carbon finance and carbon insurance markets.
The "Green and Sustainable Fintech Proof-of-Concept Funding Support Scheme" aims to promote the innovative development of green fintech in Hong Kong and encourage local technology companies to collaborate with internationally renowned enterprises. Through this funding, these companies will be able to develop original and impactful green and sustainable fintech projects, accelerating their commercialization in Hong Kong.
Strategic Vision and Future Prospects
Since its establishment, StellerusTech has been dedicated to developing and applying advanced AI and satellite data technologies to resolve climate change and environmental challenges. The company focuses on extreme weather forecasting, carbon emission data analysis, risk assessment, and climate change mitigation solutions. Participation in the "Green and Sustainable Fintech Proof-of-Concept Funding Support Scheme" marks an important step for StellerusTech in driving global climate tech innovation.
StellerusTech will continue to deepen its collaboration with local and international partners, leveraging satellite data and AI technologies to enhance climate risk management capabilities and drive sustainable development and the growth of green finance.
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