Case Title: Recycling Food Waste to Energy – First-Mover Pitfalls: IUT Global Pte Ltd
Author(s): Wee Beng Geok, Priya Subramanian, Thiruneeran, Stephanie Tan
Abstract: In 2005, IUT Global was formed to set up and operate Singapore’s first organic waste treatment plant. Unable to meet its production targets, and after three years of losses, in 2011, IUT entered into liquidation, and with it the closure of Singapore’s first large-scale food waste-to-energy facility.
(1) To illustrate first-mover pitfalls in a sustainable energy venture; (2) To provide an analysis of new venture business plans; (3) To discuss implementation challenges for start-ups; (4) To illustrate assumption testing/sensitivity analysis in the costing of new ventures.
Champions – University of New South Wales
1st Runner Up – University of Otago
2nd Runner Up – Shantou University