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Singapore real estate major CapitaLand sets up $37.8m innovation fund June 13, 2021 Singapore-based real estate major CapitaLand Ltd has set up a S$50 million ($37.8 million) fund to spur sustainability-focused innovation in the built environment space. The CapitaLand Innovation Fund will invest the capital over five years. “The CapitaLand Innovation Fund will enable us to catalyse more innovations, accelerate our global sustainability efforts and ensure that we remain at the forefront of technology in the built environment space,” CapitaLand group CEO Lee Chee Koon said in a statement. The company on Friday also announced the winners of the first CapitaLand Sustainability X Challenge (CSXC). The two winners were chosen from six finalists that were shortlisted from over 270 entries received from more than 25 countries.

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