Enthusiastic innovators sought to help solve fuel challenge

Melbourne’s top tech and innovation hub, YBF Ventures is partnering with iconic Australian logistics company, Linfox 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.

Fuel is one of the highest operating costs for any supply chain organisation and the fastest transport modes can often be the least fuel efficient. Linfox is deeply 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. These investments have already reaped significant environmental benefits.

This hackathon aims to further reduce carbon emissions across Linfox’s fleet of vehicles. Encouragingly, an optimisation of just one per cent can significantly lower carbon emissions across a large network.

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.

/Public Release.