PSA International (PSA)’s corporate venture capital arm PSA unboXed is sending out its second call for action for its incubator program, inviting start-ups and potential partners to propose technology solutions in support of PSA’s technology vision for the Port of the Future – CP4.0TM (Container Port 4.0TM).
Oh Bee Lock, Head of Group Technology, PSA International said: “New technologies increasingly transform the way we produce, transact and consume; PSA believes that ports and the larger supply chain can also reap the benefits of these technologies applied. CP4.0TM is PSA’s transformation blueprint for establishing the Port of the Future: a hyper-connected port that creatively deploys smart technologies to deliver sustained value to customers and stakeholders in the port, shipping and broader logistics communities.”
The CP4.0TM blueprint guides PSA terminals around the world on which automation and digital technologies to adopt, and enables the sharing of project details within the Group.
In line with CP4.0TM, PSA has committed about S$150 million to innovation programs that include automated-guided vehicles, crane automation, predictive maintenance, wharf side automation and video analytics projects for its terminals around the world. PSA is also continually enhancing its in-house Global Terminal Operating System (GTOS) that will have adaptive and predictive features to optimise operations in its overseas terminals.
PSA unboXed’s second call for action for its incubator program complements PSA’s internal initiatives, by inviting start-ups to co-create innovative solutions in the evolving ports and logistics space.
Start-ups and technology solution providers selected for the incubator program will have the opportunity to collaborate with PSA to incubate ideas and test-bed their solutions in an unparalleled live port environment, at the PSA Living Lab.
The PSA Living Lab consists of two operational berths at PSA’s Pasir Panjang Terminal in Singapore, and was launched last year by MPA, EDB and PSA for the port and logistics industry, with close to S$100 million committed to it over three years.
Since its launch in May 2016, PSA unboXed has evaluated 70 proposals and invested in two start-ups:
HAKOVO (www.hakovo.com) – a unique freight e-marketplace that allows small and medium sized enterprises to collaborate in freight procurement
AutosenseAGV – a next-generation navigation solution for automated vehicles in the port.
PSA unboXed has also recently invested in ClearMetal (www.clearmetal.com) – a San Francisco-based predictive logistics company using data science and AI to unlock unprecedented efficiencies for containerised freight.
Applications are open now for PSA unboXed’s incubator program at unboxed.globalpsa.com.