Ocean Of Opportunities Brings Waves Of Chances To All Startups

Organized by Symphony Creative Solutions & NUS Enterprise, Ocean of Opportunities and its corporate partners, among them Hapag-Lloyd, the “K” Line, Ocean Network Express, and Yusen Logistics, are looking for innovative solutions to specific questions within the logistics and shipping industries.

Looking for a variety of technologies, including chatbots, virtual reality, and gamification among others, O3 has themed its challenge statements around two tracks:

General Track

This year, the general track centers around 5 specific challenges:

#1 Virtual Walkthrough for Vessels

How can we break away from the conventional 2D drawings of vessels?

#2 Digitalizing and categorizing contract terms

How can we effectively digitize the systematic processing and recording of our contracts with various vendors, which would enable future in-depth analyses?

#3 Determining the necessity of container inspection

How can we use technology to determine the condition of the container without physical inspection?

#4 Efficient Data Exchange with non-system-integrated Container Freight Station (CFS)

How can we exchange data accurately with non-system integrated CFS efficiently and promptly?

#5 Visualization of roll trailer management

How can we accurately and efficiently manage and track roll trailer movements and conditions?

If you have a solution that answers one of these questions, apply by 10 June!

Artificial Intelligence (AI) Track

For the AI Track, O3 formulates 3 challenges:

#1 Schedule reliability prediction using publicly available data

How can we make use of publicly available data to improve predictions in arrival times of liners?

#2 Dynamic pricing based on all determinant factors

With short historical data and non-digital determinant factors, can we still adopt dynamic pricing?

#3 Identification of high-risk vessels based on open-source intelligence

How can we gather enough information from open-sourced intelligence to have a good oversight on the conditions of charter vessels?

If you have a solution that answers one of these questions, apply by 10 June!

What’s In It For Your Startup?

For the winners and finalists of its Innovation Challenge, Ocean of Opportunities offers a variety of exciting prizes:

  • Cash prizes totaling more than $8,000
  • Opportunity to test your solutions on O3’s testbeds and operational sites
  • Direct cooperation on Proof of Concept with corporate partners for winners in the framework of a Bootcamp
  • Mentorship from experienced industry players
  • Special chance to open a new market in Hong Kong, one of the hotspots for shipping companies, through O3’s newest partner, Hong Kong Cyberport – including the chance to meet corporates, investors, and mentors
  • Possibility for your technology to be implemented in ports and ships all over the world
  • Exposure in the trillion-dollar logistics & shipping industries

Timeline

  • 10 June – Application Deadline for the Artificial Intelligence Track
  • 10 June – Application Deadline for the General Track
  • August – Final Pitch
  • October – Bootcamp

To bring your startup to the next level, visit O3’s website & apply [LINK]!

O3 Recap 2019

Challenge statements will be announced on 26 Feb 2020! Check out ooo.sg for statements and submission details!Excited about O3 2020? Here’s what you can expect!

Posted by Symphony Creative Solutions on Sunday, February 23, 2020

 

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