The application deadline for The Captain’s Table closed in early August with organisers of the Hong Kong-based maritime startup competition now combing through a raft of bids.
“We were thrilled that our marketing efforts paid off and that we received 42 applications from startups around the world from 14 different countries including Hong Kong, Singapore, India, Israel, Denmark, Canada and the USA among others,” the organisers said in an update.
The organisers will be going through the applications in the coming weeks and working towards a shortlist, which will be announced around the end of August.
On Tuesday November 19 at The Asia Society during Hong Kong Maritime Week a winner will be selected in a live finale that will be streamed by Splash.
Created by the team behing YSPN (HK), a local, vibrant shipping networking association, the new initiative aims to connect innovators and startup entrepreneurs with the maritime and logistics industry.
$25,000 prize money is on offer for one of the five finalists.
“The industry has traditionally been late to adopt technology and is usually resistant to change,” says Anand, a lawyer for Australian mining firm, South32. “We hope that the Captain’s Table can help influence a change in mindset and focus minds on how the use of technology or other innovations can drive efficiencies and sustainability,” said Su Yin Anand, one of the creators of the Captain’s Table, in an interview with Splash earlier this year.