Rainmaking launches community of executives to assist maritime startups

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Rainmaking launches network of executives to help maritime startups


CORPORATE innovation agency Rainmaking, below its transport-focused arm, has launched a maritime innovation advisory community for South-east Asia, roping in additional than 30 trade leaders.

The community, referred to as Ocean Ventures Alliance, will purpose to speed up know-how adoption in areas reminiscent of delivery, provide chains and decarbonisation.

The community goals to supply assist to startups constructing artificial information to coach maritime-specific synthetic intelligence fashions, automating provide chains from order to bill, and utilizing Web of Issues software program to mechanically observe, cut back and monetise carbon emissions.

Executives from Maersk Drilling Singapore, Australia’s Toll World Forwarding, Saudi Aramco’s Bahri and others are within the community. Vetted startups will get common face-time with members of the community who can present trade insights or be a strategic sounding board for entrepreneurs to bounce off new concepts.

There will even be alternatives to leverage Rainmaking’s Commerce and Transport Impression Programme companions, which embrace Cargill, Mitsubishi subsidiary MC Delivery and Shell. The programme has already scouted out 3,500 potential startups which may very well be eligible for assist from the alliance.

Shaun Hon, director at Rainmaking, mentioned: “Ocean Ventures Alliance comes at a well timed juncture in South-east Asia’s maritime historical past. Covid-19 has proven that innovation is vital throughout international provide chains and establishing a world alliance with the appropriate legacy and entrepreneurial minds is not going to solely spark recent concepts, however catalyse change by way of strategic implementation.”

Rainmaking is a companion of Enterprise Singapore’s SEEDS Capital’s S$50 million co-investment scheme for maritime startups.

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