23 Oct 2019
Re-imagining Singapore’s and APAC’s maritime sector
The maritime sector plays a vital role in Singapore’s economy, generating over 170,000 jobs and contributing to about 7 per cent of Singapore’s GDP in 2018. During the 2018 Singapore Budget, it was announced that 100 million dollars would be injected into the Maritime Cluster Fund, aimed to help the maritime industry test and explore new technologies, and groom talent for a digital automated maritime future. The Maritime and Port Authority of Singapore (MPA) recently awarded 650,000 dollars  in seed funding to 13 startups during this year’s Smart Port Challenge - led by Port Innovation Ecosystem Reimagined @ Block71 or (PIER71), a collaboration between MPA and NUS Enterprise. We speak with Dr Mark Lim, Programme Director of PIER71 on how to solve some of the largest challenges in the maritime industry in the region.

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