Marine Nexus takes top award at the P.A.K Entrepreneurs’ Challenge

1st prize for Marine Nexus: Dean of Singapore Management University’s Lee Kong Chian School of Business (LKCSB) Prof Gerry George (left) presenting Marine Nexus CEO Eric Chean (right) with a cash prize of $15,000 to fund the marine assets portal, an online platform that seeks to connect the global maritime industry.  


SINGAPORE: Marine Nexus was awarded the top accolade at Singapore Management University’s inaugural P.A.K. Entrepreneurs’ Challenge 2017. Organized by Eagles Inc, an entrepreneurship club at the Lee Kong Chian School Of Business (LKCSB), the business plan competition sought to discover and support the most validated and executable business ideas.


The Challenge concluded on 12 May 2017 with 4 winners walking away with a total of $50,000 to further develop their business ideas. The finals saw the top 10 teams presenting their business plans to a panel of industry experts positioned as venture capital investors.  Ultimately, Marine Nexus emerged first place in the competition with the highest cash prize of $15,000. 


We caught up with Marine Nexus’s CEO and Founder, Eric Chean Yufei after the awards ceremony to get his thoughts on the prize. “It is a great honour to have received the award and to be recognized by such an esteemed group of judges. Of course, this would not have been possible without the great support we have received from our customers and users. Despite the fact that Marine Nexus is a young start-up, we are beyond grateful to our users for the support they have given to us and the funds we have received today will go to our efforts to serve our industry better. We certainly feel that we can do more for them, be it ship-owners, brokers, suppliers and service providers.” 


The judging panel included Benjamin Twoon, Managing Director of Fundnel Limited, Douglas Foo, Executive Chairman of Sakae Holdings, Goh Swee Chen, Chairwoman of Shell Companies in Singapore, Shell Eastern Petroleum Ltd, Jeff Tung, Founder of Sheng Ye Financial Group, Justin Lie, Chief Executive Officer of Cashshield, and Timothy Kooi, Director, Innovation Leader & Head of Data Analytics, DHL Asia Pacific Innovation Centre.