The Norwegian company is launching an accelerator programme, Yara Marine X, targeting technology start-ups and young companies at an early stage of development.
“We are thinking of technologies for the whole vessel,” explained Thomas Eik Gabestad, Strategy and Business Development Manager at Yara Marine.
“There are lots of smaller companies with interesting technologies that haven’t taken off for various reasons.
We have a lot of competence and want to expand into other areas. We will invest $10,000 up-front in the successful company with scope to invest further six months later for an agreed share. But we are flexible.”