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PSA invests in start-ups to gain innovative logistics via IoT, AI, cloud
SINGAPORE's PSA International has set up PSA unboXed Pte Ltd, its new venture capital arm with an initial fund size of S$20 million (US$14.57 million).
Through its incubator programme, PSA unboXed seeks to nurture start-ups that are keen to create innovative logistics solutions fusing information and communications technology including IoT (Internet of Things), cloud, data analytics, AI (Artificial Intelligence) and optimisation.
Other areas cover engineering solutions including robotics, and automation in container and cargo handling operations, transaction solutions for the maritime trade, and finance ecosystems.
"Being one of the world's largest port operators gives PSA the unique platform to instigate and support game-changers in our industry," said PSA International CEO Tan Chong Meng.
"Through PSA unboXed, we want to encourage creative ideas that can improve and revamp LogTech (Logistics Technology), increase port productivity and enhance the integration, security and performance across the constituents of global supply chain logistics."
Selected start-ups will receive up to S$50,000 in seed funding initially, and be provided with incubator facilities at PSA's Pasir Panjang Terminal Building 3 in Singapore, so that they will be able to develop and test-bed ideas for the real market at PSA Singapore Terminal.
In addition, they will be provided with the opportunity to springboard their innovations to the global maritime logistics chain through PSA's network of terminals worldwide.
For more information, or to submit applications, visit the e-portal at unboxed.globalpsa.com.
Through its incubator programme, PSA unboXed seeks to nurture start-ups that are keen to create innovative logistics solutions fusing information and communications technology including IoT (Internet of Things), cloud, data analytics, AI (Artificial Intelligence) and optimisation.
Other areas cover engineering solutions including robotics, and automation in container and cargo handling operations, transaction solutions for the maritime trade, and finance ecosystems.
"Being one of the world's largest port operators gives PSA the unique platform to instigate and support game-changers in our industry," said PSA International CEO Tan Chong Meng.
"Through PSA unboXed, we want to encourage creative ideas that can improve and revamp LogTech (Logistics Technology), increase port productivity and enhance the integration, security and performance across the constituents of global supply chain logistics."
Selected start-ups will receive up to S$50,000 in seed funding initially, and be provided with incubator facilities at PSA's Pasir Panjang Terminal Building 3 in Singapore, so that they will be able to develop and test-bed ideas for the real market at PSA Singapore Terminal.
In addition, they will be provided with the opportunity to springboard their innovations to the global maritime logistics chain through PSA's network of terminals worldwide.
For more information, or to submit applications, visit the e-portal at unboxed.globalpsa.com.
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