Independent journal on economy and transport policy
CENTRO INTERNAZIONALE STUDI CONTAINERS
ANNO XXXVIII - Numero GIUGNO 2020
PORTS AND TERMINALS
MPA AND NUS ENTERPRISE LAUNCH SMART PORT CHALLENGE
"The Maritime and Port Authority of Singapore (MPA) and
NUS Enterprise, the entrepreneurial arm of the National University
of Singapore (NUS), have formally launched the Smart Port Challenge
(SPC) 2020 under Port Innovation Ecosystem Reimagined @ BLOCK71
Start-ups participating in this year's challenge will now have
direct access to PIER71's Venture Capital (VC) partner network for
investment advice and opportunities.
Quah Ley Hoon, Chief Executive of MPA, said: "As the
shipping industry grapples with COVID-19, many companies are already
repositioning themselves for the new normal.
"There are opportunities for greater digitalisation,
automation and adoption of new technology.
"The Smart Port Challenge comes in timely where start-ups
join hands with the shipping companies to curate solutions to
future-proof ourselves and build a more resilient maritime
community; with the added venture capital funding steering more
resources towards this important effort."
Professor Freddy Boey, NUS Deputy President (Innovation and
Enterprise), said, "PIER71 is part of our larger effort in
developing deep-tech and industry-relevant programmes.
"It is even more pertinent now in helping to address
real-world problems that have been identified by our maritime
corporates who are ready and able to adopt viable and innovative
"From pivoting their business to be more relevant, to
diverting and optimising their resources for operational efficiency,
start-ups have stepped up to meet challenges and opportunities
presented by this newly evolved environment.
"Through PIER71's Smart Port Challenge, we look forward to
seeing more innovative minds making positive impact with technology
in the maritime industry and playing a key role in our recovery from
Over 400 technology start-ups from Singapore, China, Japan,
Denmark, Netherlands to US have participated in SPC to date, with 32
of them receiving grant funding of over $1.07 million (S$1.5
million) in total to develop and test-bed their solutions.
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