Tech startups to innovate ports and beyond
PSA unboXed, the Singapore-based innovation and corporate venture capital arm of PSA International, and Israeli-based theDOCK Innovation Hub have entered into an agreement to invest in startups to leverage innovative technologies that will benefit the port, maritime and supply chain sector.
Under the agreement, theDOCK will facilitate for PSA unboXed, scouting, screening and investment in promising startups which provide solutions addressing specific challenges cited by PSA.
Elton Fong, vice president of PSA unboXed, said: “PSA unboXed endeavors to be a thought leader and the go-to partner in the startup ecosystem for ideation, co-creation and validation of technology and solutions for the port, maritime and supply chain spaces. We believe that this strategic partnership with theDOCK will help PSA benefit from Israel’s vibrant innovation ecosystem, and improve the dynamism of the industry.”
The partnership between PSA unboXed and theDOCK will begin with a first ever maritime tech Hackathon in Israel this June. The event will be solely dedicated to a list of challenges which reflect the digital transformation needs in the port and shipping sector.
An early study conducted by theDOCK demonstrated the relevance of many innovative startups to these emerging needs. Such technologies span over IoT, AI, BI, Data Science, AR/VR, Cyber to name a few.
PSA unboXed has already participated in the Demo Day of theDOCK’s Wave1 PORTfolio startups and the Screening Day of Wave2.
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