PSA International has established an incubator and corporate venturing subsidiary called PSA Unboxed with an initial $15m in funding.
Singapore-based port operator PSA International has commited S$20m ($15m) to a newly launched corporate venturing division and incubator named PSA Unboxed.
PSA Unboxed will invest in up to 20 startups in the logistics sector, focusing on technologies including cargo automation, maritime trade transactions, internet of things, data analytics, cloud software and artificial intelligence
Each startup will receive up to S$50,000 in seed capital, access to the incubator and mentorship from executives and other industry experts.
The companies will also be…
