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NTU EcoLabs launches multi-million scale-up initiative to support 40 cleantech maritime start-ups and SMEs
To help the maritime industry reduce carbon emissions, tech firms can receive a boost during this COVID-19 recession from a new multi-million maritime technology scaleup initiative led by the EcoLabs Centre of Innovation for Energy (EcoLabs) at NTU Singapore.
Technologies such as low carbon alternative fuels, maritime port equipment electrification, renewable energy integration, fuel cells and hybrid-electric propulsion systems are among the various types of decarbonisation technologies that this initiative aims to help scale up, test and commercialise in the maritime sector.
NTU EcoLabs, together with its technology partner SDGX and three of its co-investors: Blue Ashva Capital, Origgin Ventures and Chrysalix Venture Capital, will support the Maritime and Port Authority of Singapore (MPA)’s Maritime GreenFuture Fund through this initiative.
