TRIESTE – BluComply has been launched as Maritime Ventures’ second startup, with the aim of simplifying regulatory compliance management in the shipbuilding industry.
Presented in Trieste, the new venture is part of the project promoted by CDP Venture Capital and managed by Cariplo Factory and Bridgemaker, involving industrial and financial partners such as Fincantieri, PSA Italy, Neva SGR and Friulia, together with institutions and research centres.
BluComply is an AI-based RegTech platform designed to tackle one of the main problems facing SMEs in the maritime supply chain: regulatory complexity. In this sector, companies must deal with dozens of international and European regulations, including those of the IMO, the MARPOL Convention and EU directives, as well as the requirements of classification societies and ship registries.
On average, an operator has to manage thousands of documents every year and coordinate with multiple shipyards, each with different standards. This means up to 40% of time is spent on manual compliance management, with an impact on costs, lead times and the risk of errors.
The platform developed by BluComply offers a SaaS system that centralises these activities. Its main functions include real-time regulatory monitoring, automated document generation and direct management of data exchange with shipyards. The stated goal is to reduce by up to 80% the time devoted to documentation.
The system uses Natural Language Processing and machine learning technologies to interpret regulatory requirements and automatically produce reports, certifications and questionnaires, adapting them to the standards required by different clients or certifying bodies. A distinctive feature is its vertical specialisation in the shipbuilding sector, with models and terminology already built in.
The launch comes in a fast-growing market. The global RegTech market is expected to reach around €76 billion by 2030, with annual growth of 23%. The maritime segment is worth about €6.7 billion globally, while in Europe the compliance market in the shipping and shipbuilding sector is estimated at around €500 million a year, with more than 54,000 operators involved.
According to Friuli Venezia Giulia regional councillor for productive activities Sergio Emidio Bini, the initiative confirms the area’s innovative capacity in an increasingly complex regulatory environment.
For Maritime Ventures, this is the second initiative after Fundo.one. Chief executive Enrico Noseda underlined that the project stems from concrete market needs and aims to become a standard for the sector.
