Eastern Pacific Shipping and Techstars launch start-up accelerator

Eastern Pacific Shipping and Techstars launch start-up accelerator
Image courtesy of EPS

Eastern Pacific Shipping (EPS) and Techstars have announced a joint global MaritimeTech start-up accelerator.

The EPS MaritimeTech Accelerator Powered by Techstars will be based in EPS’ headquarters in Singapore and will begin accepting applications from April 2019. Ten companies will ultimately be selected to participate in the inaugural class.

In November 2019, the class will gather in EPS’ headquarters in Singapore for an intensive three-month programme of research and development, mentorship, and collaboration.

In February 2020, there will be a demo day whereby every start-up will pitch its 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 energising the local entrepreneurial community.

Start-ups with technologies focussed on fuel efficiency, regulation, vessel operations, digitalisation, navigation and other subthemes are encouraged to apply.

Gil Ofer, business development manager, EPS, said: “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.”

Will Robinson, VP of Asia-Pacific Sales, Techstars, commented: “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. 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.”

Originally published on on Digital Ship.