THE Maritime and Port Authority of Singapore (MPA) has rolled out a new grant scheme for maritime technology startups in Singapore to develop scalable solutions.
The authority will also push for wider industry adoption of digitalisation initiatives such as electronic bills of lading and electronic bunker delivery note to drive productivity for the sector.
These were announced at the Singapore Maritime Technology Conference on Tuesday by Senior Minister of State for Transport and Foreign Affairs Chee Hong Tat.
The S$10 million grant for startups will come from the S$100 million Maritime Innovation and Technology Fund. Those who have completed the relevant maritime acceleration programmes in Singapore can apply for a grant of up to S$50,000 to pilot their projects, while startups looking to scale up their offerings or projects can also apply for a project grant of up to S$100,000.
Under the effort, a digital technology marketplace and a startup playbook will be developed. The marketplace will connect maritime and venture capital companies with startups and facilitate discovery of solutions. The startup playbook serves as a comprehensive guide for startups to springboard into Singapore, tapping schemes and support programmes relating to talent, capital and research and development resources.