The 2024 Net Zero Challenge contest is launched in HCM city on July 17, 2024. (Photo: VNA)

With prize money of 15 billion VND (630,000), it is open to Vietnamese and foreign startups, research teams, and non-profits working in climate technologies. Entities whose solutions have been commercialized in other nations but want them piloted in Vietnam are also encouraged to join.

The contest will have three main fields: renewable energy and carbon neutrality, food systems and sustainable agriculture and circular economy and waste management.

Contestants will be asked to develop a product that has the potential to be commercialized or replicated in the country.  The best solutions will be trialled and introduced to investment funds, policymakers and climate change alliances.

The submission deadline is September 15, and nine outstanding teams will enter the final round to be held in November.