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Thursday, September 3, 2020 

Yara Marine Technologies has announced a new corporate accelerator program, Yara Marine X, a start-up competition aiming to provide a home for technology and solutions that will contribute to a greener maritime industry.

CEO Thomas Koniordos said: “Our corporate mission is to nurture the next generation of high value, high-performance sustainable ocean technologies. With this new programme, we are seeking to position Yara Marine in the global start-up space while developing new opportunities for the company.

Koniordos believes that the long-term goal for the programme is to integrate new ideas into the Yara Marine’s business. The competition is designed to attract mature start-ups looking for partners and investors.

“We will be recruiting young companies or professionals with a focus on sustainability and green solutions within vessel operations,” said Yara Marine Strategy Business Development Manager Thomas Gabestad. “Candidates will need to be adjacent to what we do in order to enhance our corporate performance as a whole and help us to build on our strong brand.”

The winner will enter a bootcamp orientation of two weeks, followed by six months in a tailored accelerator programme. The collaboration includes office space, a US$10,000 up-front stimulus grant, potential later-stage investment from Yara Marine, and access to the company’s mentors, network, and facilities. Piloting and distribution opportunities with Yara Marine customers, suppliers, and network are part of the longer-term plan.

Gabestad notes that target sources include ocean and maritime clusters, incubators, universities, various maritime programs, and the global start-up media. Key markets for the new technologies will be Asia, the Americas, and Europe. “The winning candidate will take up residence at our Headquarters in Oslo,” he said.

Applications can be made via up to 11 October, with the winner to be announced on 4 November.

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