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Singapore Inspires Start-ups in Maritime Sector

Maritime Activity Reports, Inc.

June 7, 2017

 The Maritime and Port Authority of Singapore (MPA) has launched the first Smart Port Challenge 2017 (SPC 2017) welcoming close to 190 registered participants from the technology, start-up and the venture capital (VC) community as part of MPA’s wider effort to develop innovation. 

 
The event was officiated by Dr Lam Pin Min, Senior Minister of State, Ministry of Transport and Ministry of Health.
 
Building upon the last two Smart Port Hackathons driven by MPA in 2014 and 2015, SPC 2017 was conceived to encourage further collaboration between organisations and start-ups to push digital transformation in the maritime industry.
 
 The six-month programme will take a new approach with the involvement of industry partners providing funding and test-bedding opportunities in partnership with the VC community.
 
The advent of technologies such as the Internet-of-Things (IoT), data analytics and machine learning have created smarter ships while major players in the shipping industry are also developing blockchain solutions to digitise, manage, and track shipping transactions which could potentially save the industry up to billions of dollars.  
 
SPC 2017 aims to identify and discuss these challenges and help translate these ideas into commercial solutions. Industry partners or co-creators will also identify mentors for participants. SPC 2017 will have two categories of participants, comprising start-ups and non-start-ups.
 
SPC 2017 partners include Batam Fast, CMA CGM, Hong Lam Marine, Jurong Port, Kanlian, NYK Line, Pacific International Lines, Port of Rotterdam, PSA Marine, PSA unboXed, Symphony Creative Solutions and Synergy Marine Group.
 

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