The Maritime and Port Authority of Singapore (MPA) and the National University of Singapore (NUS) marked the 5th anniversary of PIER71™ with the PIER71™ Great Circle 2023 event. The event featured the 7th edition of the Smart Port Challenge Grand Finals, a MarineTech Start-up Innovation Showcase, and the inaugural PIER71TM Ascend. Since its inception in 2018, PIER71™ has supported nearly 110 MarineTech start-ups, raising over S$65 million in investments and deploying 26 solutions in the industry. The PIER71™ Ascend program was introduced to connect start-ups with overseas markets, government stakeholders, and maritime customers, with the first cohort comprising four start-ups. The event highlighted the growth of the maritime innovation ecosystem and the emphasis on digitalization and decarbonization in the industry.

SOURCE:GOOGLE