PSA, MPA unveil $100m fund for startups and tech firms

It will let firms test-bed solutions in real-time.

PSA Corporation and the Maritime and Port Authority of Singapore (MPA) has inaugurated a living laboratory at Pasir Panjang Terminal which will allow start-ups and technology solution providers to develop ideas and test-bed integrated systems in a live port environment.

Close to $100 million committed to the initiative, known as the PSA Living Lab, over the next three years.

PSA Living Lab will be made up of two operational berths at Pasir Panjang Terminal. It is part of PSA’s on-going program to develop technology solutions for its existing terminal operations in Singapore, as well as the future Tuas Terminal.

One key project is the Automated Guided Vehicle (AGV) system, which will ramp up operations to a fleet of 30 vehicles in 2017. Operationally-ready solutions have the potential to be deployed at terminals of the PSA Group worldwide.

The PSA Living Lab will also complement the recently-launched PSA unboXed Incubator program, which seeks innovative solutions from start-ups to revolutionise container terminal operations, streamline global supply chain logistics, and enhance the efficiency of international trade with better visibility and security.