BUSINESSES building clean technology solutions for the maritime industry can look for at least S$4 million in support from new research and industry partners, in a scheme unveiled on Friday.
Forty startups and small or medium-sized enterprises could each get $100,000 or more in in-kind contributions, investments and co-funding to test and commercialise their offerings. The EcoLabs Centre of Innovation for Energy will support the development of technologies such as low-carbon alternative fuels, port equipment electrification and hybrid-electric propulsion systems, as part of the Maritime and Port Authority’s Maritime GreenFuture Fund.
EcoLabs is a national-level project involving Nanyang Technological University , public agency Enterprise Singapore, and the Sustainable Energy Association of Singapore. Its latest initiative is a tie-up with technology-focused venture firm SDGx and three other co-investors: Blue Ashva Capital, Origgin Ventures and Chrysalix Venture Capital.