TECH start-ups around the world have the opportunity to undertake a 90-day program and pitch for funding under a new program run by Techstars and Eastern Pacific Shipping.

The EPS MaritimeTech Accelerator powered by Techstars is accepting applications until 7 July, after which it will choose 10 companies to do the program.

Starting in November 2019, the program includes research and development, mentorship, and collaboration, culminating in a demo day in February 2020. During the demo day, every startup will pitch its new business to facilitate further investment and/or partnerships.

“We are very excited to finally be accepting applications,” EPS business development manager Gil Ofer said.

“Both EPS and Techstars have been working diligently to get to this point, and we look forward to jointly selecting ten companies that will spearhead a positive impact upon the marine transportation industry.”

ADVERTISEMENT  

Newly appointed managing director of the mentorship-driven program, Dhritiman Hui said Singapore was the “perfect place” for entrepreneurs in maritime tech to base themselves.

“The maritime world has traditionally lagged behind other sectors when it comes to embracing and leveraging the power of digital solutions and new technology,” he said.

“Now, the confluence of new regulation, an influx of tech-savvy entrepreneurs interested in the space, and large, deep-pocketed VC funds, intrigued by the size and the possibilities of the maritime sector, are threatening to shift that paradigm.”

ADVERTISEMENT