Singapore to invest $36m in maritime technology startups

Seatrade Maritime News

Maritime technology startups are set to benefit from a SGD50m ($36m) fund via SEEDS Capital, the investment arm of Enterprise Singapore, and six co-investment partners.

Supported by ESG and the Maritime and Port Authority of Singapore (MPA), this latest initiative by SEEDS Capital aims to drive the growth of the maritime sector through technology and innovation.

The six partners are Innoport (capital arm of Schulte Group), KSL Maritime Ventures (venture capital unit of Kuok Singapore), PSA unboXed, Rainmaking, ShipsFocus-Quest Ventures and TecPier.

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