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Boost for Maritime Innovation in Singapore

20 Apr, 2021

To support Singapore’s ambition to be the top maritime start-up hub in the world, MPA has set aside S$10 million from the Maritime Innovation and Technology (MINT) Fund to support the growth and development of maritime technology start-ups in Singapore. Under this expanded effort, MPA will also develop a digital technology marketplace and a start-up playbook. The marketplace will connect maritime and venture capital companies with start-ups and facilitate discovery of solutions. The start-up playbook serves as a comprehensive guide for start-ups to springboard into Singapore tapping on schemes and support programmes relating to talent, capital and R&D resources.

A new grant scheme called MINT-STARTUP will allow start-ups that have completed the PIER71 or relevant maritime acceleration programmes in Singapore can apply for a grant of up to S$50,000 to pilot their projects. Promising start-ups looking to scale up can also apply for a project grant of up to S$100,000. Read the full press release here.