The Maritime ClimAccelerator, supported by EIT Climate-KIC, through its vast network of collaborators, will offer participating start-ups funding, training, peer to peer coaching and theme-specific mentoring (both virtually and in-person). 30-40 start-ups will be accepted per year and will be asked to provide innovative solutions for the transition to sustainability of the maritime industry, both locally and globally, and will be given the opportunity to present their ideas in front of investors, port authorities and shipping companies. The Maritime ClimAccelerator will thus provide start-ups with a unique opportunity to test, demonstrate and validate their solution.
The shipping sector accounts for about 80% of the volume of global trade, and is directly responsible for approximately 3% of global greenhouse (GHG) emissions. In April 2018, the IMO adopted an ambitious GHG reduction strategy with a vision to reduce at least 50% total GHG emissions from shipping by 2050.
The total cost of decarbonisation has been estimated at $1.65 trillion by 2050 and consequently poses several challenges for a range of stakeholders, from ship owners, charterers and cargo owners to ship builders, ports, designers, engine manufacturers, fuel suppliers financiers and policy makers. Thus, the key to achieving reduction of emissions is developing, maturing and scaling up solutions to a level where the cost is acceptable while ensuring the shipping industry activity.
Our mission is to develop high impact start-ups which will deliver breakthrough solutions to the maritime industry across the pillars of sustainability, supporting them in their transition to Climate Neutrality.