Cargotec launches start-up initiative

The Trade & Transport Impact, in partnership with British venture development firm, Rainmaking, will connect world leading corporations with innovative start-up firms.

“Maritime logistics is full of inefficiencies throughout the value chain, and we at Cargotec want to change that,” said Cargotec’s director of emerging digital business, Tero Hottinen.

“However, we cannot do it by ourselves – to change the world you need collaboration. I am excited that we can now launch the concrete part of the programme to find potential partners.”

To solve the inefficiencies in cargo flow, focus will be on intelligent onboard cargo and load handling, optimised terminal operations and efficient and sustainable cargo flow. Start-up solutions can come from a range of areas such as artificial intelligence, IoT, big data or drone applications.

The programme is the first of its kind in terms of scale and scope to be launched within the maritime, cargo transport and logistics sectors. The programme was initiated by Rainmaking and is scheduled to last three years, of which this is the first wave.

Nicklas Viby Fursund, managing director of Rainmaking Transport, commented: “Rainmaking will leverage the experience built from having run over 60 similar programmes across industries.

“We’re excited about the impact we can create with the industry leading partner Cargotec on real industry challenges.”