We are proud to welcome the 9 companies who are part of the inaugural Eastern Pacific Accelerator powered by Techstars, based in Singapore, one of the world’s key maritime hubs! The founders join us from various parts of the world including Denmark, India, UK, USA and of course, from Singapore as well.
It has been an exciting ride working closely with Eastern Pacific Shipping (EPS) to identify the next generation of maritime tech companies who will address prime topics in digitalisation and transformation for the shipping industry, such as operational efficiency, fleet performance, security and crew welfare.
Techstars has seen many startups successfully tap into the power of partnerships and mentors to energize different industries. These partnerships play an important role in developing innovative solutions that address real market needs. Working with EPS to run the Eastern Pacific Accelerator powered by Techstars is critical in commercialising these solutions. And when that happens, all parties will benefit. As part of the accelerator, founders will work closely with various departments within EPS in developing solutions for commercial, technical, operations, crew management, and more! Furthermore, the companies have the opportunity to deploy their technology on EPS’ diverse fleet of over 150 vessels while working with numerous maritime stakeholders from other shipping companies, trading firms, ports, regulators, class societies, etc. as mentors to provide industry perspectives and guidance. The Eastern Pacific Accelerator powered by Techstars is positioned as a key contributor to the maritime industry’s innovation ecosystem for disruption.
C-LOG has developed a digital Maritime ID platform, which will make the seafarer certification validation process easier & faster for both employers & employees by leveraging blockchain technology. The Seafarers profile is validated, so that any training center, maritime authority, flag state or employer can be sure they are linking up with the right person. This way certificates can be shared automatically including interfaces to Crew Information software and for endorsement of flag states.
CyberOwl provides visibility of cyber risk so maritime operators can manage them in a prioritised, cost-effective way.
Enermo Technology offer predictive maintenance for electrical machinery. Our intelligent systems are easy to deploy, cost effective and scalable.
F-drones is transforming marine and offshore logistics with proprietary aerial delivery drones.
Nautilus Labs is a technology firm building artificial intelligence to advance the efficiency of ocean commerce.
QuantShip provides Predictive analytics solutions leveraging Machine Learning and AI for stakeholders of the maritime industry.
Saara automates inventory and consumer related processes for Supply chain and Retail businesses using computer vision.
SeaMilesTM is the world’s first loyalty rewards programme designed to incentivise seafarers and shore personnel in maritime.
Volteo is reimagining maritime by digitalising vessel operations management and fostering collaboration between ship and shore.
In Singapore, the port and the thousands of ships that pass through it are the everyday background of life. The island city-state is one of the world’s leading maritime hubs, and every large actor in the maritime community must have a presence. It’s also a Techstars hub with extensive VC activity and a diverse and multicultural population that share English as a common language.
That’s why Singapore was the clear choice for the world’s first global MaritimeTech accelerator: EPS MaritimeTech Accelerator powered by Techstars.
“It’s the perfect place for entrepreneurs in maritime tech to base themselves for a few months to build out their network and realize new business partnerships,” says Dhritiman Hui, the new managing director of the mentorship-driven accelerator program. Applications for the program are open now, and are due by July 7, 2019.
Shipping is one of the oldest industries in the world, yet it has significant progress to make in terms of technological advancements in order to bring it on par with other mature industries.
“The maritime world has traditionally lagged behind other sectors when it comes to embracing and leveraging the power of digital solutions and new technology,” Hui says. “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.”
Through this accelerator, Techstars, the worldwide network that helps entrepreneurs succeed, and EPS, a global leader in maritime tech, will provide tools, access, and mentorship to the next generation of entrepreneurs in the shipping and maritime industry. These entrepreneurs have the opportunity to drive dramatic impact in this $183 billion global industry. Costs involved in global shipping are currently so large that new efficiencies and technologies could save millions of dollars industry-wide—and positively impact climate change.
Having spent several years in the maritime sector, Hui has deep familiarity with the countless technological opportunities in the space. Hui also serves as managing director of Techstars other accelerator based in Singapore, Rakuten Accelerator, powered by Techstars. “I’m excited to be a shoulder to lean on for founders building businesses in Singapore,” he says.
While the accelerator is open to any startup with technology applicable to the maritime industry, the following themes will be especially considered: Fuel efficiency, vessel and commercial optimisation (including AI/IoT), shore-side technology, safety, cybersecurity, 3D printing and advanced materials, immersive technologies (AR/VR), and environmental preservation.
Does EPS MaritimeTech Accelerator powered by Techstars sound like a good fit for your company? If so, we want to hear from you! Request more information about the program, schedule one-on-one office hours, or apply now through July 7, 2019.
Techstars, the worldwide network that helps entrepreneurs succeed, today announced that applications are now open for 2019’s Q4 mentorship-driven accelerator programs. These programs that are officially receiving applications:
- Barclays Accelerator, Powered by Techstars – NYC (New York)
- Techstars Montreal AI Accelerator
- Techstars Energy Accelerator in Partnership with Equinor (Oslo)
- Techstars Paris Accelerator
- Colliers Proptech Accelerator Powered by Techstars (Toronto)
- The Heritage Group Accelerator Powered by Techstars (Indianapolis)
- UnitedHealthcare Accelerator Powered by Techstars (Minneapolis)
- EPS MaritimeTech Accelerator powered by Techstars (Singapore)
- Alexa Accelerator, powered by Techstars (Seattle)
These nine programs include three new accelerators that will be celebrating their inaugural classes in 2019. The Heritage Group Accelerator Powered by Techstars is digging into technologies across construction, materials, environmental and recycling, and energy and refining. The UnitedHealthcare Accelerator Powered by Techstars is focusing on health care innovations supporting payer and care provider efforts. The EPS MaritimeTech Accelerator powered by Techstars is geared towards technologies with applications to the maritime industry including regulations, fuel efficiency, vessel operations, digitalization, and navigation. Together with our corporate partners, we can’t wait to find the first Techstars classes of startups that are going to transform these industries.
Barclays Accelerator, Powered by Techstars heads into its fifth year of program having achieved amazing success, with notable alumni such as RealBlocks, Sigma Ratings and Novo. Alexa Accelerator, powered by Techstars is going into its third year of program looking for the next class of companies focused on voice technology innovation. Colliers Proptech Accelerator Powered by Techstars, Techstars Energy Accelerator in Partnership with Equinor, Techstars Montreal AI Accelerator and Techstars Paris Accelerator are all gearing up for their second year of program after strong performances in 2018—the companies from these classes are securing funding rounds and growing fast.
Techstars mentorship-driven accelerator programs attract the best startups and founders, who then #DoMoreFaster—participants often say that they accomplish more in the three months of the program than they would in a year and a half, working on their own. We’re proud of our record of success: check our our top 50 Techstars alumni companies and their funding raised to date. Of the nearly 1600 companies that have come through our accelerator program, nearly 90% are active or have been acquired, and between them they have raised over $6.5 billion!
Our alumni entrepreneurs agree that the Techstars experience has been essential to their success: watch these founders talk about exactly how we helped them grow.
Techstars, the worldwide network that helps entrepreneurs succeed, and Eastern Pacific Shipping (EPS), a world leading ship management company, today announced they are jointly launching the world’s first global MaritimeTech accelerator, the EPS MaritimeTech Accelerator Powered by Techstars. Based in Singapore, this new mentorship-driven accelerator program will be Techstars second accelerator in the sovereign city-state.
“Eastern Pacific Shipping is one of the top global players in the merchant maritime space with a clear innovation-driven agenda that’s poised to disrupt the industry,” says Will Robinson, VP of Asia-Pacific Sales. “This partnership is a great match for Techstars, and we’re thrilled to partner with EPS in the world’s maritime and shipping capital and present the market with a catalyst for innovation in this industry. We’re excited to further expand the Techstars brand and network in the APAC region and look forward to working with EPS to support entrepreneurs in their journey to transform this enormous industry”.
The EPS MaritimeTech Accelerator Powered by Techstars will accept applications from startups around the world and ultimately select 10 companies—including the most promising local and regional startups—to participate in the program’s inaugural class. The companies will gather in Singapore for an intensive three month program of research and development, mentorship, and collaboration at EPS headquarters at Millenia Tower in Singapore. We encourage applications from entrepreneurs focused disrupting the maritime industry with technologies related to regulations, fuel efficiency, vessel operations, digitalization, and other subthemes.
Led by a Techstars Managing Director and staff, and augmented by Eastern Pacific leadership and mentors, the experience will culminate in a demo day. At this event, each startup will pitch its newly polished business to an audience of venture capitalists, corporate innovation leaders, and industry experts, with the goal of facilitating investment in the companies while broadening and energizing the local entrepreneurial community.
“The merchant maritime industry is one of the oldest in the world, yet advancements in the business come slowly, lagging behind the latest technological trends that other mature industries readily adopt,” says Gil Ofer, Business Development Manager of EPS. “Eastern Pacific Shipping aims to address this long-standing issue by partnering with Techstars to launch the world’s first global MaritimeTech accelerator to cultivate and mentor the next generation of entrepreneurs in an industry that is ripe for disruption.”
Applications for the EPS MaritimeTech Accelerator Powered by Techstars will open in April 2019 and the program will begin in November 2019. Startups interested in the program are encouraged to learn more on the EPS MaritimeTech Accelerator Powered by Techstars page, or express interest using the Office Hours form. If you’re a corporation interested in learning about Techstars Accelerator corporate partnerships, click here.
Techstars is the worldwide network that helps entrepreneurs succeed. Techstars founders and their teams connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporate partners who will help their companies grow. Techstars operates three divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs and Techstars Corporate Innovation Partnerships. Techstars Mentorship-Driven Accelerator Programs help founders do more faster and Techstars Startup Programs inspire, educate and connect entrepreneurs. Techstars Corporate Innovation Partnerships helps brands supercharge growth by accelerating innovation and cultural transformation. Techstars accelerator portfolio includes more than 1,600 companies with a market cap of $18.2 Billion. techstarsblog.wpengine.com
About Eastern Pacific Shipping
Eastern Pacific Shipping Pte. Ltd., also known as EPS, is an industry leading global ship management company headquartered in Singapore. EPS manages a young, diverse and dynamic fleet of over 130 vessels with a combined tonnage of over 13,000,000 deadweight tons. These vessels span across the tanker, bulk, container, pure car and truck, gas and chemical segments, and are managed by 200 skilled shore staff and 4,600 dedicated sea staff. EPS offers a full suite of in-house ship management services such as technical, commercial, operations and crewing. With 30 newbuilds set to join its fleet in the next few years, Eastern Pacific Shipping is poised to remain a leader in the maritime industry. For the latest news from EPS, visit easternpacific.com.sg.