Singapore-based VC PSA unboXed signs an agreement with Israeli company theDOCK Innovation Hub, seeking to benefit port, maritime, and supply chain sector

Singapore-based VC arm of PSA International, PSA unboXed, has entered into an agreement with Israel-based startup theDOCK Innovation Hub, global ports, shipping, and maritime logistics hub, that will see both parties leveraging technologies to benefit the port, maritime, and supply chain sector.

The agreement notes that theDOCK will facilitate for PSA unboXed in scouting, screening, and investing in promising startups that focus on providing solutions addressing specific challenges cited by PSA.

The partnership itself will be marked with a first-ever maritime tech Hackathon in Israel, dedicated to a list of challenges which reflect the digital transformation needs in the port and shipping sector.

The call for applications for the Hackathon will be published in the coming weeks and the event itself will take place in June 2019.

“We are excited by the prospects of engaging creative ideation and solution providers to tackle the transformation of this sector. The specific interest will cover areas such as ports and its adjacent spaces including maritime, logistics, supply chain, and all that is associated with containerized cargo flow,” said Nir Gartzman, Co-Founder and COO at theDOCK.

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theDOCK connects creative startups with worldwide maritime corporations by matching its technology solutions with the challenges and needs of its corporate partners.

“We believe that this strategic partnership with theDOCK will help PSA benefit from Israel’s innovation ecosystem, and improve the dynamism of the industry as we strive to become the go-to partner in the startup ecosystem for ideation, co-creation, and validation of technology and solutions for the port, maritime, and supply chain spaces,” said Elton Fong, Vice President of PSA unboXed.

Aside from PSA unboXed, theDOCK’s partners include Wartsila, Lloyd’s Register, Kirby Corporation, DSV, Maersk, Cargotec, and others.
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