PSA International has announced the inception of PSA unboXed, its new corporate venture capital arm with an initial fund size of SG$20m (US$15m).
The idea is to invest in and nurture start-ups to create logistics solutions fusing information and communications technology as well as engineering and transaction solutions for maritime trade and finance.
The technology side may feature concepts related to the internet of things (IoT), cloud, data analytics, artificial intelligence (AI) and optimisation, whereas potential engineering solutions could include robotics and automation in container and cargo handling operations.
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