A TECHNOLOGY ACCELERATOR PLATFORM, IN BANGALORE
Bangalore, 22 October 2019: Global trade enabler DP World today launched the first roadshow for LogX, a national technology accelerator platform for logistics sector in Bangalore.
LogX is an initiative by DP World in partnership with Invest India, Startup Réseau and Kerala Start-Up Mission to encourage logistics-focused start-ups to come up with innovative solutions by leveraging digital technology. The programme was launched in Mumbai and registration for the same is on going across the country, to encourage start-ups to participate and submit applications. The applications are open till end of November 2019.
The technology accelerator platform will focus on digital technologies like blockchain, artificial intelligence, robotics, simulators and Internet of things (IOT systems). The platform will seek to identify logistics-focused technology start-ups through Startup India portal and will look to onboard up to 10 selected start-ups for conducting pilots, with a long-term objective of partnerships, strategic engagements and proof-of-concept development. The finalized start-ups will be mentored by DP World leadership team and external mentors onboarded to the program.
Rizwan Soomar, CEO and MD, DP World Subcontinent, said: “We are delighted to bring LogX to Bangalore, the technology hub of the country. DP World wants to cultivate a logistics technology start-up ecosystem in the city and encourage innovations that can improve transparency, reliability and predictability in the Indian supply chains. We are partnering with Invest India, Startup Réseau and the Start-Up Kerala Mission to support innovative ideas focused on building an integrated logistics platform which offers end-to-end solutions for cargo owners. We are thrilled to receive very warm reception in Mumbai and hopeful we will see similar enthusiasm from start-ups in Bangalore.”
The process to participate in LogX starts with an online application that seeks details about the participating team, their product or solution, the addressable market and go-to-market strategy. Candidates shortlisted through the process will be invited for interviews that can take place in person or remotely.
About DP World:
DP World is a leading enabler of global trade and an integral part of the supply chain.
We operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services, to technology-driven trade solutions.
Our portfolio of 78 operating marine and inland terminals is supported by more than 50 related businesses in over 40 countries across six continents, with a significant presence in both high-growth and mature markets. We aim to be essential to the bright future of global trade, ensuring that everything we do contributes positively and sustainably to both the economy and society.
Our dedicated team of more than 46,000 employees from 120 countries cultivates long-standing relationships with governments, shipping lines, importers and exporters, communities, and many other important constituents of the global supply chain, providing quality value-added services today and tomorrow.
Container handling is the company’s core business and generates more than 50% of its revenue. In 2018, DP World handled 71.4 million TEU (twenty-foot equivalent units) across our portfolio. With its committed pipeline of developments and expansions, the current gross capacity of 91.2 million TEU is expected to rise in line with market demand.
By thinking ahead, foreseeing change and innovating, DP World aims to create the most productive, efficient and safe trade solutions globally.