Hong Kong based Betatron and YPSN have partnered with Heron Advisory in Singapore to create a new early-stage venture capital investor group and accelerator network focused on the maritime industry.
Betatron is a start-up investment firm and accelerator programme which invests up to US$500,000 into between 15 and 20 start-ups per year. The company runs a four-month acceleration programme based in Hong Kong, which focuses on helping each start-up to raise their next funding round and accelerate their business growth.
YPSN, the Young Professionals In Shipping Network, was founded in 2010 and has built a membership of 1,300 representatives from a range of maritime corporations and international organisations. The network is one of the founders of the Captain’s Table, an initiative to connect start-up entrepreneurs with stakeholders in the maritime and logistics industry.
Heron Advisory is a Singapore headquartered consultancy operating in the ocean technologies space, supporting start-ups, corporates, governments and accelerators looking to drive transformation in the maritime sector.
“With the partnerships’ resources being equally based in Hong Kong and Singapore, we are in a perfect position to help start-ups grow in their target markets and raise venture capital,” the group said.
“Seven out of ten of the world’s largest container ports are located in Hong Kong/Mainland China whilst the port of Singapore is the world’s top transshipment port and the second busiest port globally.”
