Global Business Innovation Programme in Singapore - Clean Maritime
Clean maritime companies are invited to join a market visit to Singapore, including Singapore Maritime Week.
Innovate UK will fund and organise flights, accommodation, in-market travel, and conference fees for successful applicants. Innovate UK will also pay for any reasonable adjustments throughout the initiative. One representative from each company will be funded.
Note: This opportunity is fully funded support and not monetary funding.
Innovate UK is inviting ambitious companies to participate in the Global Business Innovation Programme focused on Clean Maritime in Singapore. The programme consists of a preparation phase, a tailored visit to Singapore with the opportunity to attend Singapore Maritime Week, visit research facilities and connect with companies from Singapore and the wider Asian region.
The programme provides a unique experience for delegates to enhance their value proposition, gain insights into doing business in Singapore and identify international partners for technology collaboration. Delegates will benefit from an exploitation workshop and bespoke support from an Innovate UK EDGE Innovation and Growth Specialist to exploit contacts and opportunities generated during the visit.
The focus for the programme in on solutions for clean maritime, including but not limited to:
- Autonomy in maritime transport
- Digital technologies that enable decarbonisation (ports and vessels)
- Cybersecurity technology
A GBIP has three stages:
Prepare for the market
Preparing for the market includes the cohort being briefed by sector and market experts on, for example, cultural aspects of conducting business in that country. Delegates receive help to find business partners and arrange meetings and are advised on best practice including the management and protection of their intellectual property.
Visiting the market
Visiting the market provides opportunities to attend pre-arranged meetings and activities in order to better understand and maximise the opportunities that the visit presents.
Exploiting the opportunity
Exploiting the opportunity is arguably the most important aspect of the programme. To maximise the opportunity, participating companies are given bespoke one-to-one support from an Innovate UK EDGE innovation and growth specialist to help develop and implement an action plan.
The Global Business Innovation Programme operates on a competitive basis and businesses selected are required to participate in all three stages (some or all of which may be online).
To apply for this
initiative, you must be a UK based company, with fewer than 500 employees, and have a focus on clean maritime technology.
On acceptance to the Programme a commitment fee of £500 will be obtained from each delegate, which will be refunded on completion of the full activities and agreed action plan. Non-completion after formal acceptance may result in forfeiting some or all the commitment fee.
Singapore is a major international maritime transport hub. The Port of Singapore is currently the world’s second busiest port in terms of container throughput with ship arrival tonnage exceeding 2.8 billion gross tonnes in 2021. Singapore is also one of the world’s leading bunkering hubs, supplying over 50 million tonnes of marine bunker fuel to vessels that ply international shipping routes in 2021.
The Maritime Singapore Decarbonisation Blueprint spearheads a programme of investment to promote clean and green shipping which will bring about new areas of green growth for Singapore in the developments of alternative fuels and green technologies. It prioritises ambitious and long-term strategies that decarbonise all areas of shipping and ports.
Singapore is widely regarded as a gateway to Asia, due to its high GDP per capita and advanced transport and infrastructure technology adoption. A well-developed financial system, a clearly structured legal framework, and the ease of doing business in English means that Singapore is a highly suitable base to launch technology partnerships across Asia.
Relations between the UK and Singapore are strong. In 2022 the UK-Singapore Digital Economy Agreement was signed to improve the free flow of trusted data between the UK and Singapore in digital cooperation initiatives.
With a well-established bilateral funding framework, opportunities in Singapore for innovative UK companies developing clean maritime technologies are significant.
You will gain exclusive access to leading industry contacts at Maritime Week in Singapore with the opportunity to meet key research organisations and companies in the sector. You will meet potential collaborators and partners through pre-arranged bespoke meetings and matchmaking events.