webinar | may 20th ana andonovska growth director, impact … · 2020. 5. 27. · webinar | may...
TRANSCRIPT
WEBINAR | May 20th
Decarbonization of the shipping industry : A post pandemic imperative
Nakul MalhotraVice President
Open InnovationWilhelmsen
Tarun MehrotraDirector, Trade &
Transport Rainmaking
Ana AndonovskaGrowth Director, Impact Innovation, Rainmaking
About Rainmaking
01
We unleash the power of entrepreneurship to solve big problems with the world’s leading companies.
3
OUR PURPOSE
What we do
We bring our entrepreneurial experience and global network, to co-create and transform ambitious corporates.
Strategy
01Navigate uncertainty in a rapidly changing market and identify growth opportunities for top and bottom line.
Startup engagement
02Internal venture building
03Venture building
04Solve key business challenges by engaging with the world’s most innovative startups.
Unlock new ideas and growth by unleashing the power and creativity of your own organisation and people.
Develop new, future-proof business models outside of your core business.
250+
We build, accelerate and invest in ventures with the world’s most influential companies.
Rainmaking at a glance
Ventures Fortune 500 partners Offices & Accelerators Entrepreneurs, strategists, product experts, developers, designers, and investors
850+ 100+ 26
The burning platform
02
The Burning Platform and OpportunityTHE BURNING PLATFORM
-> green freight -> zero arbitrage market
-> supply chain disruption-> predictive supply chains
…how much carbon dioxide the atmosphere can handle before there is an environmental catastrophe.
Elon Musk
If we spend $1.7 trillion on climate adaptation we could make four times that much back.
Ban Ki-Moon
AI is the new electricity.
Andrew Ng
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Solution
Tech X Entrepreneurship X Corporate Scale = Rapidly accelerating the pace of tech application
Corporate Unfair Advantage
Tech Startup+Founder Talent
Studio Process &Structure
What does it mean forDecarbonization of the shipping industry ?
Current level
1950 level
For millennia, atmospheric carbon dioxide had never exceeded this line (300 ppm)
And it gets worse... going neutral will not be enoughTHE BURNING PLATFORM & OPPORTUNITY
Emissions from shipping keep increasing constantly raising the bar on the required reductions
THE BURNING PLATFORM & OPPORTUNITY
Projected C
O2 em
issions in million tonnes
Source: oecdinsights.org
Minimum required target level
Platform partners so far
YOU?
OBJECTIVE
With partners we will:
● Identify the 3000+ most impactful tech startups globally.
● And deliver 100+ scalable pilots and 20+ ventures during 2020-2022 to enable a Co2 neutral industry.
● To generate short and long term ROI and IMPACT.
This is NOT a coalition, not a discussion club and not for PR!
CO2 Transparency, tracking and provenance
Carbon CS, offsetting & trading
Business Model Innovation to drive ROI from CO2 reduction opportunities
Fuel & energy efficiency
Data & AI enabled CO2 reduction
Infrastructure, vessel & asset efficiency to lower CO2
Pathways to enable a CO2 neutral future
Re-imagined supply chains
Possible pathways for a
beyond CO2 neutral future
PATHWAYS
Note: All pathways are still in scope including potential new ones by partners.
Our insights
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Compass
A multi-dimensional view of market activity
+ Compass offers an interactive and dynamic perspective on fast-evolving markets, including start-up, scale-up and incumbent activity.
+ Allowing us to track, analyse and engage in opportunities before the competition.
+ A critical first-step in defining the approach to innovation.
CompassCreating complete and live transparency with our partners.
COMPASS
Fleet Utilization &Freight Orchestration
New Fuels & Energy Efficiency
1200+Tech startups
identified
$14bn Cumulative funding
OUTCOMES
Distribution of funding stage across themes
OUTCOMES
Distribution of funding stage across themes - Fuels & Efficiency
● Startups spread across Energy efficiency, New fuel types & additives and new vessel design
● Accounts for the largest number of Seed and Series A respectively over 50% of the Fuel and Energy total startups
● Around 20 key Asian startups (India, China, S Korea) in this category out of a total of 170
● Captured around $ 2 Bn worth of reported funding rounds in terms of value● Adoption challenges in terms of new fuel types, additives still remains owing to
evolution of supply chain, safety concerns, technology evolution, regulatory approvals
OUTCOMES
Distribution of funding stage across themes - Data & AI
● Startups spread across Marketplace, route optimization, digital twins, port side analytics
● Most funded category capturing over 50% of the Seed, Series A & B funding rounds● More than 3 out of 4 companies in this segment are less than 10 years old, and 50%
less than 5 years old● An increase in entrants from adjacent sectors into Maritime● Increased presence of Asian startups in this segment, however still some way to go● Fleet side connectivity and latency issues remain the single biggest challenge● Disruption of traditional incentive structure the biggest hurdle to adoption
Today...DECARB AS AN OPPORTUNITY SPACE
Solving the effects of climate change is a very ambitious goal and it requires a large number of players and various approaches.
There is now an opportunity to expand the partnership to cover the entire innovation chain from ideation, incubation, acceleration and scaling.
MULTI-PARTY PILOT APPROACH
To build on existing strength and solutions
built by startups
R&D SPIN-OUTS
To commercialize and scale big inventions
MOONSHOTS
To develop solutions and technologies that aim to improve the lives of millions, even billions of people
VENTURE DEVELOPMENT
To replace old methods and capitalise on emerging opportunities
Decarbonization
StartupsEntrepreneurs
Corporate partners Investors
Universities
Public institutions
Foundations & Donors
Advisors
Alternative Energy (Wind, Solar, etc.)
MC Shipping, Vale, DNV GL, Inmarsat, Maersk
Carbon Capture & Storage
Vale, DNV GL, MC Shipping, Maersk, Bunker
Holding
CO2 Tracking & Provenance
Hafnia, MC Shipping, Cargill, Shell, Wilhelmsen,
DNV GL, BHG
Port Orchestration
Wilhelmsen, Hafnia, Shell, Cargill, MC Shipping,
Inmarsat, Maersk
Fuel Efficiency (Additives, Eqpmt)
Shell, MC Shipping, Vale, DNV GL, Inmarsat,
Maersk, BHG
Working groups for multi-partner initiatives
New Fuels (Hydrogen, etc)
MC Shipping, Vale, DNV GL, Inmarsat, BHG
New Vessel Design (Zero CO2 Ships)
Vale, DNV GL, Inmarsat, Maersk
THE SOLUTION
Collaborate with industry peers
Industry leading COLLABORATION opportunities the only way to have a portfolio approach
Address problems with new tech
The most effective way to address problems is by harnessing TECHNOLOGY
Syndicate co-creation of new solutions
The only platform syndicating co-creation and co-building new technology solutions between industry leaders.
THE WAY FORWARD
Q&A Session
Using open innovation to accelerate decarbonization in the shipping industry with Nakul Malhotra