Maritime And Port Authority Of Singapore
Press Release 07 Nov 2019

SEEDS Capital, Enterprise Singapore and Maritime and Port Authority of Singapore launch Call-For-Partnership to drive innovation in maritime tech

JOINT MEDIA RELEASE

Embargoed till 7 November 2019, 1730hrs

SEEDS Capital, Enterprise Singapore and Maritime and Port Authority of Singapore launch Call-For-Partnership to drive innovation in maritime tech

New initiative aims to catalyse close to S$60 million in joint investments with private sector to spur innovation in the maritime space

1     SEEDS Capital, the investment arm of Enterprise Singapore, is launching a Call-For-Partnership (CFP) with the Maritime and Port Authority of Singapore (MPA) to identify suitable investors to catalyse investments in the maritime tech sector. The CFP will onboard investors to co-invest with SEEDS Capital in early-stage maritime deep tech startups based in Singapore, with the aim to drive transformation in the maritime industry through private sector collaboration and technological innovation. This was announced by Dr Lam Pin Min, Senior Minister of State for Transport and Health at the Grand Final of Smart Port Challenge 2019.

2     Please see the attached for the joint media release

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