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CMA CGM poised to open Manchester high tech hub

[ October 5, 2023   //   ]

CMA CGM Group will launch its Zebox UK startup accelerator in Manchester in October, its sixth innovation hub in the world.

The shipping and logistics specialist says that the city offers five universities, financial incentives for entrepreneurs and a growing number of sustainable development initiatives. Manchester is also one of the UK’s dominant tech hubs and outperforms much larger cities on the continent, it adds.

The new UK hub will connect logistics leaders and innovative startups with innovation hubs in France, North America, the Caribbean, West Africa and the Asia-Pacific region.

Zebox was founded in 2018 by CMA CGM Group chairman, Rodolphe Saadé as a community of the most promising startups and large companies.

A seed fund aims to invest between £50,000 and £250,000 each year in around 50 startups, prioritising shipping and logistics optimisation, decarbonisation and energy transition, process digitalisation and artificial intelligence.

The Zebox community now comprises 20 partners and over 200 startups and has contributed to raising over £200 million in funding and has initiated more than 100 co-innovation projects.

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