DP World launches logistics tech accelerator platform in India
DP World has launched Log-X-- a technology accelerator platform for logistics in India, reports Live Mint.
The accelerator platform was launched in partnership with Invest India, Kerala Start-Up Mission and its accelerator partner Startup Réseau, to encourage innovation and technology adoption in the Indian logistics sector.
The program will focus on digital technologies like block chain, artificial intelligence, robotics, simulators and internet of things, to identify logistics-focused technology start-ups in India.
“Technology adoption and innovation will play a strong role in building an integrated logistics platform which offer end-to-end solutions for cargo owners," said Rizwan Soomar, chief executive and managing director at DP World Subcontinent.
“DP World wants to encourage the creation of a start-up eco-system for logistics and supply-chain focused innovators with an aim to reduce the costs of logistics in India and make India’s exports more competitive.
“The LogX accelerator program is a unique partnership between DP World, Invest India and the Start-Up Kerala Mission to encourage innovation across the value chain in the logistics sector in India. Stronger technology adoption in the logistics sector will also improve transparency, reliability and predictability in the supply chains across the country. This will be transformative for India," he added.
Log-X plans to onboard up to ten start-ups, selected through the Startup India portal, 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 brought into the program.