MARITIME and technology companies have created a digital venture studio aimed at addressing challenges in the maritime industry.
Wilhelmsen, DNV Maritime, tanker operator Hafnia and venture capital firm IMC Ventures partnered with the Maritime & Port Authority of Singapore, Microsoft and technology company Invicta to launch Studio 30 50.
The studio aims to solve ESG issues in the maritime industry and fund proposals that seek to improve maritime supply chain efficiencies.
Studio 30 50 targets new talent in the maritime sector such as individual founders and early-stage start-ups.
Hafnia’s head of innovation and change Shanker Pillai is heading up the project.
“The maritime industry is picking up the pace in digitalisation, but to achieve wide-scale impact and sustainability outcomes, an ecosystem approach that aligns interests such as Studio 30 50 is needed,” IMC Ventures venture partner Axel Tan said.
“IMC aims to create a positive impact through its investments, and we are thrilled to work with like-minded partners to drive innovation and entrepreneurship.”
Sharin Osman of DNV Regional Maritime Advisory said closer collaboration between corporates and start-ups is key for scaling innovations.
“DNV is proud to support Studio3050 targeting this together with other likeminded industry players, and especially so here in Singapore whom has a consistent strategy focusing on innovation, start-ups and digital investments,” Dr Osman said.
And Nakul Malhotra, vice president – emerging opportunities portfolio at Wilhelmsen, expects the venture studio to enhance corporate-backed venture building for the maritime industry.
“We are looking forward to being an integral part of this new ecosystem, combining talent with deep domain expertise to uncover novel approaches that help drive our industry forward.”
Microsoft is the principal innovation partner of Studio 30 50. The corporation plans to support the funded start-ups via a platform that provides free access to Microsoft tools and business resources.
The first Studio 30 50 cohort will meet in June to explore issues facing the industry and ideate solutions for new companies.
