PSA Corporation (PSA) has inaugurated the PSA Living Lab in Singapore for the port and logistics industry, with close to SGD100m ($73.6m) committed to the initiative over the next three years.

The Living Lab initiative is supported by Singapore’s Economic Development Board (EDB) and the Maritime and Port Authority of Singapore (MPA).

Comprising two operational berths at Pasir Panjang Terminal, the PSA Living Lab will enable start-ups and technology solution providers to collaborate with PSA to develop ideas and test-bed integrated systems in a ‘live’ port environment at PSA Singapore Terminals.

“PSA is pleased to partner EDB and MPA to provide an enabling environment to nurture and grow potentially game-changing innovations and technologies for the container port sector,” said Ong Kim Poh, regional ceo of Southeast Asia, PSA International.

“As Singapore consolidates its container port activities in Tuas from the next decade, it is imperative for PSA to become even more efficient, innovative and productive to be future-ready and contribute to the country’s status as a global hub port,” Ong said.

The PSA Living Lab is an integral part of the port operator’s on-going program to develop innovative and cutting-edge technology solutions for its existing terminal operations in Singapore, as well asthe future Tuas Terminal.

One key project is the automated guide vehicle (AGV) system, which will ramp up operations to afleet of 30 vehicles in 2017.

The PSA Living Lab will also complement the recently-launched PSA unboXed Incubator program, which seeks innovative solutions from start-ups to revolutionise container terminal operations, streamline global supply chain logistics, and enhance the efficiency of international trade with better visibility and security.