The world’s leading ship management company Eastern Pacific Shipping and TechStars, a US-based seed accelerator have partnered to launch an early-stage global maritime accelerator programme.
The maritime accelerator programme will focus on providing solutions to challenges faced by shipping and maritime industry. These solutions will be led by digital and technology innovations.
Gil Ofer, head of open innovation at Eastern Pacific Shipping, told the media that, “We see a need for technology to propel the maritime industry forward, especially with a rapidly digitalising society and an increase in global trade. That means the shipping industry needs to innovate to solve problems such as fuel consumption, operational efficiency, fleet performance, and improving life-at-sea for seafarers—and we are doing just that with the Eastern Pacific Accelerator powered by Techstars.”
Through the programme, the startups will have access to Eastern Pacific Shipping’s operational data. In addition, they will be able to deploy their technology on Eastern Pacific Shipping’s fleet of more than 150 vessels.
According to media reports, the nine startups in the programme are C-Log, CyberOwl, Enermo Technology, F-drones, Nautilus Labs, QuantShip, Saara, SeaMiles and Volteo Maritime.
Recently, three of those participating startups C-Log, Nautilus Labs and Volteo Maritime have established their presence in Singapore. Singapore is recognised as a strategic maritime hub.
Eastern Pacific Shipping will enable maritime startups in Singapore to have access to a wide network of industry players, real-time maritime data and operational insights. The firm’s operational insights are obtained from a pool of experienced maritime experts to drive product development.
Techstars has more than 1,600 startups into its programme with a total market capitalisation of $18.2 billion as of 2019.