2025 Winners

Winners of EQT Impact Challenge Hong Kong 2025
Congratulations to Syngular Technology on winning the €100,000 investment from EQT Foundation at this year’s EQT Impact Challenge! As the winner, Syngular also gains access to EQT’s global network of industry experts, investors and strategic partners, as well as mentorship to support its next stage of growth.Their innovative augmented-reality surgical system impressed the judges and stood out among three other outstanding finalists at the Grand Finale event held on 10 July 2025.

Winner: Syngular Technology

Syngular’s groundbreaking technology transforms medical scans into ultra-high-definition holographic images, allowing surgeons to visualize a “digital twin” of a patient’s anatomy for enhanced precision during operations. Already implemented in over 50 bone-cancer surgeries at Prince of Wales Hospital, this technology aims to extend its reach to remote and underserved clinics.

First runner-up: Green Vigor
Second runners-up: Alcarbo Technologies (Left) and Allegrow Biotech (Right)

Green Vigor was named first runner-up. The company invented a compact hydropower generator that can convert sound and wave energy from water tanks in high-rise buildings into electricity, tapping underutilised sources of urban renewable energy.

Allegrow Biotech and Alcarbo Technologies tied for the second runner-up spot.

Allegrow Biotech, a spin-off from the Hong Kong University of Science and Technology, created a hydrogel-based platform to simplify the production of immune cells for use in advanced cell therapies, aiming to reduce the cost of such therapies by a factor of 10.

Alcarbo Technologies uses microalgae to capture carbon emissions, offering a low-cost, biological approach to decarbonisation.

Each runner-up team receives €50,000 in funding from Central Cove Group, the family office of Jean Salata, a jury member and Chairman of EQT Asia. Salata, recognising the strength of this year’s entries and eager to champion Hong Kong’s emerging talent, opted to support the initiative directly this year.


Register Your Interest to Attend the Grand Finale

If you’re a potential investor passionate about early-stage startups driving deep tech innovation in nature, climate, health, and wellbeing, this is your chance to witness the Grand Finale alongside startup founders and investors from EQT.

Date: 10 July 2025 (Thu)
Time: 6:30pm – 9:00pm
Venue: Centricity, 2/F Landmark Chater House, Central

Register your interest today – spaces are limited, and you will be notified upon successful registration!