LONDON, June 28, 2018 /CNW/ -- The Lloyd's Register Safety Accelerator announced its first round of innovation challenges to find innovative solutions for how to improve human safety onboard ships and floating platforms at a Launch Event yesterday.
The nature of marine and energy, and the environments in which these industries operate, makes working in these sectors some of the most dangerous in the world. Although conditions for crew and personnel are improving, there is more to be done to improve the safety of life on board.
The Lloyd's Register Safety Accelerator is looking for proposals from companies with innovative digital ideas to address this Challenge Round, which is focussed on finding new ways to create safer work environments, particularly in marine and offshore.
Winning companies will receive trial funding and the opportunity to collaborate with commercial partners to accelerate the development of their technologies. Partners for this challenge round include Kotug and Gassco, plus others to be identified at the Innovation Day in Hamburg on the 4th September 2018.
The winning entrepreneurs will retain 100 percent of their IP, along with mentoring, entrepreneurial support and access to domain expertise to help bring their solution to market though support from Plug and Play Tech Centre and Lloyd's Register.
The four categories are:
- Detecting minor leaks in complex industrial environments with Gassco – exploring new ways to identify, quantify and respond to minor leaks in complex industrial environments as part of the daily operation of the facility.
- Navigating gas vapour clouds with Kotug - seeking innovative methods to detect and visualise potentially explosive gas clouds, enabling vessels to avoid and navigate around it.
- Ensuring marine and offshore crew competency – seeking tools and concepts to ensure crew are always performing competently, reducing risks and injuries, through monitoring, measuring, advising, ensuring and empowering crew to do their job safely.
- Enhancing dynamic risk assessment – seeking new ways keep personnel better informed about operational risks affecting them in real time in their work environment and transform the current state of risk assessment from a static exercise to a process that is dynamic, intuitive and real-time.
Richard Clegg, Chief Executive, Lloyd's Register Foundation, said:
"Accelerating the uptake and application of technology for the benefit of society is one of the pillars in the Foundation's strategy. The Lloyd's Register Safety Accelerator offers a great way of achieving this by bringing together people with challenges with those that have solutions. It's a win-win and in the process, makes the world a safer place. I'm excited to see what innovative investable ideas come out of it."
The deadline for applications is 5 August 2018. Shortlisted entries will be invited to a live pitch and Q&A with a panel of judges. The launch of trials for successful applicants is scheduled to take place in Winter 2018.
The Safety Accelerator is a joint initiative between Lloyd's Register, one of the world's leading providers of professional services for engineering and technology and Lloyd's Register Foundation, a charitable foundation helping to protect life and property by supporting engineering-related education, public engagement and the application of research, which is funding the programme.
The Safety Accelerator is run in partnership with Plug and Play Tech Center, the largest global innovation platform and most active venture capital fund in Silicon Valley.
For more information about the Lloyd's Register Safety Accelerator, including how to become an industry challenge partner, or applying to solve a challenge, please visit: https://www.lr.org/en/safety-accelerator/
About Lloyd's Register Foundation
Lloyd's Register Foundation: Connecting science, safety and society
Lloyd's Register Foundation is a UK charity, established in 2012, which funds the advancement of engineering-related education and research and supports work that enhances safety of life and property. It is funded partly by the profits of its trading arm, Lloyd's Register Group Limited, a global engineering, technical and business services organisation.
Its vision is to be known worldwide as a leading supporter of engineering-related research, training and education that makes a real difference in improving the safety of the critical infrastructure on which modern society relies. In support of this, it promotes scientific excellence and acts as a catalyst working with others to achieve maximum impact.
Lloyd's Register Foundation's strategy for 2014-2020 focuses funding on four strategic themes: promoting safety and public understanding of risk; advancing skills and education; supporting excellent scientific research; and accelerating the application of research. Four research themes have been prioritised: structural integrity and systems performance; resilience engineering; human and social factors; and emergent technologies.
About Lloyd's Register (LR)
We started out in 1760 as a marine classification society. Today, we're one of the world's leading providers of professional services for engineering and technology – improving safety and increasing the performance of critical infrastructures for clients in over 75 countries worldwide. The profits we generate fund the Lloyd's Register Foundation, a charity which supports science and engineering-related research, education and public engagement around everything we do. All of this helps us stand by the purpose that drives us every single day: Working together for a safer world.
In a world of increasing complexity – overloaded with data and opinion – we know that our clients need more than technology to succeed. They need an experienced hand. A partner to listen, cut through the noise and focus on what really matters to them and their customers. Our engineers and technical experts are dedicated to assurance. That means a commitment to embracing new technology, and a deep rooted desire to drive better performance. So we consider our customers' needs with diligence and empathy, then use our expertise and over 250 years' experience to deliver the smart solution for everyone.
After all, there are some things technology can't replace.
About Plug and Play
Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services, and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in over 20 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 220 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 700 networking events per year. Companies in our community have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk.
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