ABS and Rainmaking to Support Singapore’s Decarbonization Entrepreneurs
ABS and Rainmaking are to collaborate to support entrepreneurs with maritime decarbonization technologies.
ABS’ extensive marine and offshore industry experience combined with Rainmaking’s register of decarbonization focused startups will allow rapid testing and development of transformational technologies with the potential to reduce CO2 emissions.
The program will identify technology startups and deliver scalable pilots and ventures through six-month long sprints. ABS will act as a technical advisor to provide industry insights and evaluate new technologies for their potential contribution to IMO decarbonization goals.
“ABS is supporting the development of the maritime decarbonization technologies ecosystem as part of our commitment to putting the shipping industry on a sustainable footing. By collaborating with Rainmaking, we are ensuring the transformational ideas our industry needs to reach its d
To support Singapore’s ambition to be
“the top maritime startup hub in the world”, the Maritime and Port Authority of Singapore (MPA) has set aside $10 million from the Maritime Innovation and Technology (MINT) Fund to support the growth and development of maritime technology startups in Singapore.
Under this expanded effort, MPA will also develop a digital technology marketplace and a startup playbook. 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 on schemes and support programmes relating to talent, capital and R&D resources, according to MPA.