NTU EcoLabs launches multi-million scale-up initiative to support 40 cleantech maritime start-ups an
To help the maritime industry reduce carbon emissions, tech firms can receive a boost during this COVID-19 recession from a new multi-million maritime technology scale-up initiative led by the EcoLabs Centre of Innovation for Energy (EcoLabs) at Nanyang Technological University, Singapore (NTU Singapore).
Technologies such as low carbon alternative fuels, maritime port equipment electrification, renewable energy integration, fuel cells and hybrid-electric propulsion systems are among the various types of decarbonisation technologies that this initiative aims to help scale up, test and commercialise in the maritime sector.
NTU EcoLabs, together with its technology partner SDGX and three of its co-investors: Blue Ashva Capital, Origgin Ventures and Chrysalix Venture Capital, will support the Maritime and Port Authority of Singapore (MPA)’s Maritime GreenFuture Fund through this initiative.
Professor Subodh Mhaisalkar, Chairman of EcoLabs Governing Board and Associate Vice President (Strategy and Partnerships) at NTU Singapore, said disruptive change and innovation can happen as a result of synergy between ecosystems.
“NTU Ecolabs, its co-investors and its global technology partner will contribute expertise for the translation and deployment of deep tech solutions in commercial testbeds, where we will help start-ups prove that their technology is ready for market adoption. This will help decarbonisation and sustainability start-ups bridge their transition from lab to market, whic....