News & Analysis

YBF Ventures and Linfox calling on startups to solve fuel consumption challenges at FuelHack

- April 11, 2019 2 MIN READ

Melbourne tech and innovation hub, YBF Ventures has joined forces with Australian logistics company Linfox to launch FuelHack.

With FuelHack the dynamic duo are calling for innovators to take up the challenge to unlock new and innovative ways to further reduce environmental emissions by optimising fuel consumption

Kicking off on Thursday 9 May 2019, FuelHack participants will have 28 hours to tackle challenges such as route optimisation, fuel-price tracking, driver behaviour monitoring and the use of telemetry for fuel economy in the search for the most cost-effective and environmentally responsible transport solution.

As one of the world’s largest logistics companies, Fuel is one of the highest operating costs at Linfox. As such, Linfox is committed to reducing its environmental impact and invests heavily in renewable energy, supply chain optimisation, landfill reduction strategies and the most efficient fleet to make good on this commitment.

While the company has already reaped the benefits of these investments Linfox hopes the hackathon will allow them to find solutions to further reduce carbon emissions across Linfox’s fleet of vehicles.

Fairley Blackman CEO if YBF Ventures. Photo by Michael Rutter

Linfox Chief Technology Officer, Nick Delijia said: “Linfox has been at the forefront of supply chain management and logistics for more than 60 years. In 2019, Linfox looks forward to working with YBF Ventures to find stand-out technological solutions to optimise our fuel use. We can’t wait to see what the hackathon teams come up with.”

YBF Ventures CEO Farley Blackman said: “Being able to leverage our unparalleled network of startups and partners to help Linfox solve this challenge is fantastic. I have no doubt that the participants will come up with some exciting ideas that will help drive Linfox into the next decade.”

On the first day, Linfox Chief Financial Officer, Michael Pickard will personally welcome participants, Linfox Chief Information Officer, Conrad Harvey will run the teams through Linfox’s current use of technology and YBF Ventures’ Chief of Staff, Jason Lim will coach attendees on making the most of a hackathon.

Friday will see the teams presenting their solutions to guests, coaches and judges. The winning innovative solution will receive $8,000 cash and the runner-up will receive $2,000 cash. Both will receive desk space to work out of YBF Ventures’ headquarters in Melbourne’s CBD.

Keen to take part? Interested participants can sign up via the official FuelHack website

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