Scouting
Aug 1, 2023

PIER71 Smart Port Challenge 2023

Scouring global MarineTech startups for Smart Port Challenge 2023

>100

Startups scouted

Average startups per problem statement

The Client

PIER71 is a Singapore-based platform that supports the growth of technology start-ups in the maritime industry and related verticals. Together with the Maritime Port Authority of Singapore (MPA), PIER71 runs an annual Smart Port Challenge to provide startups with access to maritime innovation ecosystem, market validation with corporates, mentorship, testbedding and grant opportunities.

The Challenge

PIER71 needs to reach out to maritime-specific startups globally with solutions that would be able to address the Smart Port Challenge 2023 problem statements. They need to identify startups with applicable technology and solutions for each problem statements to support market validation and testbedding with their corporate partners. After working successfully with PIER71 in 2022, we were once again entrusted with identifying startups that will be a fit for their 12 innovation challenges.

Our Solution

HackLaunch’s startup scouting arm, HackScout, was activated. Our unique scouting methodology, global startup network, ecosystem and reach helped PIER71 to identify relevant startups with the necessary solution for their problem statements. We outreached globally, working off the back of our success from 2022 except this time the 12 problem statements were also a lot more precise and focused compared to 2022. We focused on identifying key partners, startup ecosystems and specific startups. A high customized approach was taken, with a minimum of four startups identified for each of the 12 problem statements.

Final Results

HackScout successfully scouted more than 100 startups with an average of 8 startups identified per problem statement. Startups that were of extremely high quality from around the world took part in the challenge as a result of HackScout.