Idan Ofer's Eastern Pacific Shipping (EPS) is teaming up with entrepreneur network Techstars to launch the first global maritime technology start-up accelerator.
The EPS MaritimeTech Accelerator will be based at the shipowner's head office in Singapore.
Gil Ofer, business development manager at EPS, said in a statement: “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.
“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.”
Work will begin in April, with applications invited from start-ups around the world.
Ten lucky companies will be selected to take part in a three-month programme in November
This will culminate in February 2020 with a demo day at which every start-up will pitch its business to an audience of venture capitalists, corporate innovation leaders and industry experts. The goal is to facilitate investment in the companies.
