‘Studio 30 50’ is the new Hafnia-led digital start-up venture studio, launched in collaboration with DNV, Wilhelmsen, IMC Ventures and Microsoft, that aims to identify new solutions to address a broad range of ESG topics concerning the maritime industry, while also funding innovative proposals built by startups which seek to improve efficiencies across the whole maritime supply chain.
Shanker Pillai, Head of Innovation and Change at Hafnia, will be in charge of Studio 30 50, which aims to assist the industry in achieving its targets of drastically cutting emissions by 2030 and reaching zero emissions by 2050. The goal of Hafnia, Studio 30-50, and its partners is to assist founders in securing funding and creating profitable, scalable company models with distinctive added value. According to Hafnia, the studio’s strength would come from its model of partnerships and collaboration.
Closer collaboration between corporates and start-ups is key for scaling innovations, which will be key for successful transformation and decarbonization of our industry.
…Dr. Sharin Osman, DNV Regional Maritime Advisory said.
“The maritime industry is picking up the pace in digitalization, but to achieve wide-scale impact and sustainability outcomes, an ecosystem approach that aligns interests such as Studio 30 50 is needed. IMC aims to create a positive impact through its investments, and we are thrilled to work with like-minded partners to drive innovation and entrepreneurship,” Axel Tan, Venture Partner, IMC Ventures, said.
Applications to Studio 30 50 are set to open in April 2023. The first cohort’s shortlisted founders and start-ups will be invited to attend in June, when they will be exposed to the challenges facing the sector and challenged to come up with innovative solutions for new businesses. Also, candidates will receive assistance in the form of product management, technical know-how, data support, and validation from venture capitalists.
Our first-in-Singapore collaboration with leaders in the global maritime space will infuse innovation in data & AI, sustainability and security into all parts of their industry,
…said Richard Koh, Singapore Chief Technology Officer, Microsoft, adding that this ecosystem collaboration will empower Singapore to transform the global maritime industry at scale with homegrown innovation on the Microsoft Cloud, while addressing challenges in sustainable energy use, resourcing and process optimization.
Nakul Malhotra, Vice President, Emerging Opportunities Portfolio, Wilhelmsen added: ”A consortium-based venture studio to enhance corporate backed venture building for the maritime industry is something that aligns seamlessly with our in-built philosophy of collaboration.”
“We encourage more venture capitalists and maritime corporates to tap into the large base of demand drivers and solutions providers in Singapore, as well as a rich research ecosystem that is supported by a highly educated workforce, strong protection for intellectual property, and quality R&D infrastructure,” said Ng Yi Han, Director, Innovation, Technology & Talent Development, Maritime & Port Authority of Singapore.
To drastically cut emissions by 2030 while striving to achieve Net Zero emissions by 2050 is one of the major goals facing the maritime sector today. As explained, Studio 30 50 seeks to achieve short- and long-term objectives related to creating a future maritime industry that is sustainable and adaptable.
