Studio 30 50 unveils maritime-tech startups joining its latest cohort

Studio 30 50, a Singapore-based venture studio focussing on maritime startups, has announced the latest cohort.

The cohort comprises two pre-revenue startups and eight pre-idea founders exploring solutions across crew training, safety, and engagement; predictive vessel maintenance; marine insurance; and circular economy in maritime operations.

Also Read: Our voyage of innovation: Reshaping global maritime logistics

Studio 30 50 runs a unique programme. Unlike conventional incubators or accelerators, it runs intakes of cohorts for sprints that include both pre-idea founders and early-stage startups.

In each sprint cycle, entrepreneurs from previous cohorts are invited to return alongside a new intake. Startups benefit from hands-on mentorship, intimate development support, and action-focused connections with corporate partners and investors. There are no programme fees and only reduced equity commitments each time they return to the venture studio.

Studio 30 50’s previous cohort sprint attracted 11 pre-idea founders and four pre-revenue startups.

Studio 30 50’s latest cohort has led to the commercial scaling of a previous cohort-founded startup and the establishment of two new ventures.

Startup outcomes from Studio 30 50’s cohort sprints include:

• Orbital Wave: It simplifies the Bill of Lading process for seamless compliance. The team leaves with initial commercial proof of concept projects and more in the pipeline.
• Vanguard: It provides insurtech to commercial shipping and marine underwriters. The team leaves with clarity on its extended product roadmap, fresh opportunities with strategic investors and potential customers across vessel and crew safety.
• Nautisense: After joining the first cohort as founders, the startup returned to develop its first-of-its-kind AI tool to work at sea, benefitting from data and inputs from industry-leading partners.

“Despite the industry’s huge scale, there is still an enormous opportunity for innovators to disrupt, digitalise and redefine the maritime industry. We are bringing the barriers to innovation down by working directly with the industry-leading organisations that startups are building for. This opportunity for founders to benefit from real-world industry data, assets, and insight helps them finesse their products for commercial viability, while corporates can leverage their decades of experience to inform the solutions being developed by this emerging generation of talent,” said Shanker Pillai, Head of Studio 30 50.

Also Read: Why Singapore’s traditional sectors need a digital makeover

Founders from previous cohorts have also since realised their maritime-tech solutions, including Ayşe Başak, who launched Shipsider and was selected for the UN Women’s Entrepreneurship Program.

The industry leaders who provided support and attended the cohort’s Demo Day include DNV, MOL, MC Shipping, Lloyd Register, Latitude Brokers, Rightship, Microsoft, TecPier, Maritime Port Authority of Singapore Motion Ventures, Swire, South32 and Narwhale Ventures.

Applications for Studio 30 50’s next cohort sprint, taking place in May 2024, are now open.

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