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 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.
theDOCK, a global ports, shipping and maritime logistics innovation hub, connects creative startups with worldwide leading maritime corporations, by matching innovative technology solutions with the challenges and needs of its corporate partners.
The partnership between PSA unboXed and theDOCK will kick-start with a first ever maritime tech Hackathon in Israel, 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. The call for applications for the Hackathon will be published in the coming weeks and the event itself will take place in June 2019.
Nir Gartzman, Co-Founder and COO at theDOCK, said, “We are excited by the prospects of engaging creative ideation and solution providers to tackle transformation of this sector. Of specific interest will be areas such as ports and its adjacent spaces including maritime, logistics, supply-chain and all that is associated with containerized cargo flow. PSA unboXed has already participated in the Demo Day of our Wave1 PORTfolio startups and the Screening Day of Wave2, hence we are confident with our ability to cooperate together.”
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.”
PSA unboXed joins theDOCK’S network of global maritime leading corporations that recognize the potential of scouting for innovative technologies in Israel. theDOCK’s partners include Wartsila, Lloyd’s Register, Kirby Corporation, DSV, Maersk, Cargotec and others.
“We are very pleased with the prospects of partnership with PSA. Together, we could push the envelope on technology innovation to benefit the sector,” concluded Hannan Carmeli, Co-Founder and CEO of theDOCK.