Global logistics major DP World 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 RĂ©seau, to encourage innovation and technology adoption in the Indian logistics sector.
The accelerator program is specially curated for entrepreneurs in the logistics and other associated sectors. The goal is to catalyze Indian entrepreneurs and the startup community to develop smart trade solutions by leveraging massive opportunities offered by digital technology.
The Log-X technology accelerator platform will focus on digital technologies like blockchain, artificial intelligence, robotics, simulators and Internet of things (IOT systems).
â€śTechnology 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 Indiaâ€™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,â€ť Rizwan Soomar, CEO and MD, DP World Subcontinent said in a statement.
The platform will seek to identify logistics-focused technology startups through Startup India portal and will look to onboard up to 10 selected startups for conducting pilots, with a long-term objective of partnerships, strategic engagements and proof-of-concept development. The finalized startups will be mentored by DP World leadership team and external mentors onboarded to the program.
Dr Saji Gopinath, CEO Kerala Startup Mission said, "Logistics industry acts as an enabler not just for export, but also for all businesses to both source and deliver goods across the country. Technology today makes it possible to increase productivity across the supply chain and minimise costs and errors. LogX program will help startups working on inland and international transportation and other supply chain solutions with a unique opportunity to scale up."