FUELSAVE secures €3.4M to accelerate deployment of novel emissions reduction technology for shipping

16 Sep, 2021

Investments in start-ups tackling challenges in the maritime industry continue to grow. Congrats Marc Sima and the team at FUELSAVE on securing €3.4M to expand their team and scale production of their advanced combustion technology FS MARINE+! This fresh funding was led by Dreamcraft Ventures and supported by legal advisors Poellath+Partners

Read the full article here.

FUELSAVE was the Runner-up at last year’s Smart Port Challenge and they’re currently one of the finalists for the Sustainable Shipping Award in Seatrade Awards 2021 – results to be announced at their virtual ceremony on 3 November.

Shortlisted finalists are enrolled in a two-phase, 12-week programme.

Phase 1: Fit Check - Market Discovery and Validation

Kickstart your journey by diving deep into the heart of your market! In this phase, we'll help you answer the pivotal question: Is there a product-market fit for your solution? Validate your tech, test your assumptions, and find the perfect match for your innovation. A review will be conducted at the end of Phase 1. Only selected participants will advance to Phase 2.

Phase 2: Gap Busters - Navigating New Markets

Now, it's time to bridge the commercial gap. In this phase, you’ll partner with industry veterans who bring sharp business insights to the table. Together, you’ll navigate and conquer markets that may be uncharted territory for your startup.

Although the programme is designed for remote and overseas participants, in-person participation is required for the following events conducted in Singapore: