Smart Port Challenge is an annual innovation challenge organised by PIER71TM to attract start-ups with breakthrough technology-driven solutions to step forward and address key challenges faced by the maritime industry.
The solutions can be under any of the 5 Key Categories stated below.
The Journey to Smart Port Challenge Finals has Begun!
18 Start-ups from 7 countries have been selected to participate in this year’s Accelerate programme, as finalists of Smart Port Challenge 2023.
Over the course of eight weeks, the start-ups will delve into a world of opportunities to refine their products and solutions, broaden their horizons and establish significant relationships within the maritime industry.
PIER71™ Accelerate is not just a programme; it’s an ecosystem designed to nurture their development. They will gain access to a treasure trove of resources, including masterclasses, workshops, mentorship sessions, networking events and a lot more. Each of these meticulously curated sessions is designed to equip them with insights, skills, and perspectives that will be pivotal to their entrepreneurial journey, providing opportunities for market validation and potential collaborations with industry leaders.
Revealing the list of innovation opportunities and key dates
Start-ups submit their proposal based on the innovation opportunities available
Shortlisting process with a panel of maritime, technology and entrepreneurial experts
Shortlisted finalists are enrolled into a 8 week market validation and customer discovery programme
Closed door pitching in front of judges for final shortlisting of grand finalists
Grand finalists pitch in front of judges, partners, investors and other maritime veterans to secure the top prizes of the challenge
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: