Latest start-up cohort emerges from Studio 30 50

Maritime tech venture group Studio 30 50 reports that its latest start-up cohort has led to the commercial scaling of a previous cohort-founded company and the establishment of two new ventures.

The new businesses include Orbital Wave, which offers a system to manage Bills of Lading processes, and Vanguard, a provider of Insurtech services to commercial shipping and marine underwriters. After joining the first cohort as founders, Nautisense returned to further develop its AI tool for support of vessel operations.

A total of eight pre-idea founders and two pre-revenue startups joined the cohort, featuring entrepreneurs in areas including crew training, safety and engagement; predictive vessel maintenance; marine insurance and circular economy in maritime operations.

Studio 30 50’s corporate partners include Hafnia, IMC Ventures and Wilhelmsen. Other industry stakeholders involved in the cohort’s Demo Day include DNV, MOL, MC Shipping, Lloyd’s Register, Latitude Brokers, Rightship, Microsoft, TecPier, Maritime Port Authority of Singapore (MPA), Motion Ventures, Swire, South32 and Narwhale Ventures.

Unlike incubators or accelerators, Studio 30 50 notes that it doesn’t run one-off programmes but instead 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, with the start-ups having access to mentorship, development support and connections with corporate partners and investors.

“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,” said Shanker Pillai, Head of Studio 30 50.

“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.”

“So far, we are seeing great success in our cohort-based model that is encouraging founders to collaborate, to continuously test and iterate, and ultimately retain innovative talent within our industry, as we tailor support suited to the entire end-to-end venture lifecycle.”

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

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Rob O'Dwyer

Rob is Chief Network Officer and one of the founders of Smart Maritime Network. He also serves as Chairman of the Smart Maritime Council. Rob has worked in the maritime technology sector since 2005, managing editorial for a range of leading publications in the transport and logistics sector. Get in touch by email by clicking here, or on LinkedIn by clicking here.

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