Yara Marine Technologies has announced its new corporate accelerator program, Yara Marine X, a start-up competition aiming to provide a home for technology and solutions that will contribute to a greener maritime industry.
The competition is designed to attract mature start-ups looking for partners and investors. “We will be recruiting young companies or professionals with a focus on sustainability and green solutions within vessel operations,” confirmed YMT strategy business development manager Thomas Gabestad. “Candidates will need to be adjacent to what we do in order to enhance our corporate performance as a whole and help us to build on our strong brand.”
“Our corporate mission is to nurture the next generation of high value, high performance sustainable ocean technologies,” said Yara Marine CEO Thomas Koniordos. “With this new program, we are seeking to position Yara Marine in the global start-up space while developing new opportunities for the company.” He relates that the long-term goal for the program is to integrate new ideas into the Yara Marine’s business.
The winner will enter a bootcamp orientation of two weeks, followed by six months in a tailored accelerator program. The program includes office space, a USD 10,000 up-front stimulus grant, potential later-stage investment from Yara Marine, and access to the company’s mentors, network and facilities. Piloting and distribution opportunities with Yara Marine customers, suppliers and network are part of the longer-term plan.
Target sources include ocean and maritime clusters, incubators, universities, various maritime programs, and the global start-up media. Key markets for the new technologies will be Asia, the Americas, and Europe. The winning candidate will take up residence at the company’s Headquarters in Oslo.
Applications start on Tuesday September 1 at yaramarinex.com and end October 11, 2020. The winner to be announced on November 4.