- The launch is in partnership with Invest India and Kerala Start-Up Mission.
- Through Log-X technology accelerator platform, startups will be identified for future strategic engagements.
- The accelerator program is targeted towards entrepreneurs involved in logistics and other associated sectors.
DP World, a leading enabler of global trade and supply chain, has launched Log-X, a national technology accelerator platform for logistics, in partnership with Invest India, Kerala Start-Up Mission and its accelerator partner Startup Réseau. This partnership will encourage innovation and technology adoption in the Indian logistics sector.
Enabling strategic partnerships
The Log-X technology accelerator platform will focus on technologies such as blockchain, artificial intelligence, Internet of things (IOT systems) and robotics. The platform works towards identifying logistics-focused technology start-ups through Startup India portal and selected 10 start-ups to form strategic partnerships and engagements and proof-of-concept development. These start-ups will also be mentored by DP World leadership team and external mentors.
The accelerator program is specially created for entrepreneurs who are presently involved in the logistics and other associated sectors. The goal is to catalyze Indian entrepreneurs and the start-up community to develop smart trade solutions by leveraging massive opportunities offered by digital technology.
Rizwan Soomar, CEO and MD, DP World Subcontinent, said: “Technology adoption and innovation will play a strong role in building an integrated logistics platform which offer end-to-end solutions for cargo owners. 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.”
Deepak Bagla, MD & CEO, Invest India, said: “This is a unique partnership and the first in the logistics sector. We are very pleased to be partnering with DP World on this unique initiative to drive innovation in the sector. We look forward to working with the final start-ups who are chosen by the Log-X accelerator platform.”
Invest India is a national investment promotion and facilitation agency for India, with an aim to become the starting point for potential investors. Invest India also has a series of initiatives including the India Investment Grid which showcases up-to-date information on investible projects, Startup India, an initiative to catalyse and support the startup ecosystem, AGNii, for linking Indian science and innovation to enterprise and the Project Monitoring Group to accelerate large-scale projects.