Page 21: of Maritime Reporter Magazine (August 2020)

• ArcusTeam – theDOCK led an investment round by syn- grams. dicating additional funding (1+ USD million) on top of While progress to date has been substantial, theDOCK team our own investment. continues to eye the impact of the COVID-19 pandemic, both • AIDock – theDOCK’s network of mentor yielded an op- in the near and long-term.

portunity for one of its mentors to assume the role of “The pandemic is a game changer,” said Carmeli. “No man-

COO with a portfolio company, bene? tting both sides. made event could have ever in? icted such impact on our per- sonal and business lives. The changes forced us to open our

Partnership with leaders in the maritime space – Lloyd’s eyes to many new facts and observations. We can use zoom in-

Register, ThyssenKrupp, Wartsila, and Maersk, to name a stead of travel. We may reduce of? ce visits by using electronic few, is a vital component of the success of start-ups under via bill of lading rather than get (in person) stamps on a piece of theDOCK. “We usually sign one-year cooperation agreement paper. These are just two examples of habits that changed (or which is framed as follows,” said Carmeli. “We ? rst conduct a accelerated) due to Covid19 and which might actually stick. few sessions to understand the needs and challenges our part- That’s the upside.” ner would like to address. We then draft together a high-level But there is a ? ipside, too. “On the other hand, business annual plan (how many campaigns, KPIs for the number of slowed down. With a few early stage startups struggling due startups and pilots to be identi? ed etc.). Next step is carry- to freeze of funding and pilots, for example. Young compa- ing out the plan and delivering on the results.” The approach nies have all taken yet another look at their burn rate in order has the potential to bene? t both sides, as theDOCK partners to increase the runway left before they get to the next round. get an exciting deal ? ow of startups addressing the business/ The strong will survive as their market will look for ef? cien- operational needs speci? ed; while startups get access to data, cy, new offerings and optimized operations. These are fertile knowledge and platform/equipment for running pilot pro- grounds for innovation.”

THE LEADER

SLIDING WATERTIGHT DOORS

SINCE 1939

AND CUSTOM CLOSURES

ENGINEERING + EXPERIENCE ™ = A WINNING TRADITION 91 Willenbrock Rd., Unit B4, Oxford, CT 06478 • [email protected] • www.wkdoors.com • (203) 267-5712 • Fax (203) 267-5716 www.marinelink.com 21

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