Marine Technology Company Wärtsilä Partners With Israeli Accelerator The Dock
The Dock has invested in seven companies to date, including smart shipping container company Loginno, Pick-a-Pier, which uses big data analysis to optimize the berthing process for marinas, and mobile tracking startup Haystack Magic
Headquartered in Helsinki and operating in over 200 locations in more than 80 countries around the world, Wärtsilä reported 4.9 billion euros in net sales in 2017. The company employs approximately 18,000 people. In a statement, Wärtsilä said the partnership is part of its effort to transform the entire shipping industry into an efficient, ecologically sound, and digitally connected ecosystem.
Founded in 2016 in the northern port city of Haifa, the Dock is a technology hub and accelerator focused solely on maritime and port-related startups. The Dock announced a partnership with Danish shipping conglomerate A.P. Moller–Maersk Group in March.
“Corporate venturing and working with accelerators like the Dock are vital forms of collaboration in seeking new growth paths in industries that are profoundly impacted by digitization,” Steffen Knodt, director of digital ventures at Wärtsilä, said in a statement.