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PIER71 – Five years of nurturing maritime start-ups

Photo: Pier71 pier71-smart-port-challenge-2022-finalists
PIER71TM takes pride in being the first maritime technology ecosystem builder in the region and has become perhaps best-known for its flagship Smart Port Challenge.

Port Innovation Ecosystem Reimagined at BLOCK71 or PIER71TM in short, was co-founded by the Maritime and Port Authority of Singapore (MPA) and NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS) with the purpose of establishing Singapore as a vibrant maritime ecosystem spearheading world-class innovation.

Setting out with just 18 start-ups in the inaugural Smart Port Challenge programme in 2018, PIER71TM has since nurtured 100 start-ups through its programmes, supporting entrepreneurs from ideation to acceleration of their ventures. PIER71TM also collaborates closely with an increasingly vibrant ecosystem of corporates, industry associations, institutes of higher learning and other stakeholders who are keen to digitalise and create the next wave of maritime innovation.

“Prior to setting up PIER71TM, the maritime start-up scene was rather low key and fragmented,” observed Brian Koh, Director of Ecosystem Builder, NUS Enterprise.

 Read the full article online in the Singapore Special Report 

TAGS: Asia