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PSA launches S$100m innovation lab for port, logistics sector
PSA Corporation on Monday announced it has inaugurated the PSA Living Lab, a "living laboratory" in Singapore for the port and logistics industry.
PSA will commit nearly S$100 million to the initiative over the next three years.
The PSA Living Lab is supported by the Economic Development Board and the Maritime and Port Authority of Singapore.
It will comprise two operational berths at Pasir Panjang Terminal, and enable startups and tech solution providers to collaborate with PSA to develop and test-bed ideas in a live port environment at PSA Singapore Terminals.
PSA described the live port environment as "unparalleled" and its terminals as among the world's busiest hubs for container movement.
It added that the PSA Living Lab is part of PSA's ongoing programme to develop "innovative and cutting-edge" technology solutions for its existing terminal operations in Singapore, as well as the future Tuas Terminal.
A key project is the Automated Guided Vehicle system which will ramp up operations to a fleet of 30 vehicles in 2017. Operationally ready solutions will have the potential to be deployed at terminals of the PSA Group worldwide, said PSA.
PSA noted that the PSA Living Lab will complement the PSA unboXed Incubator programme launched in May, which seeks innovative solutions from external startups to revolutionise container terminal operations, streamline global supply chain logistics, and enhance the efficiency of international trade with better visibility and security.