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PROPEL's view of the seafarers’ recruitment industry is that it's highly fragmented and rife with exploitation. PROPEL aims to be a safe web platform for seafarers to find jobs; a tool for employers and recruitment agencies to find the best talent. Founded by an entrepreneurial team with a successful maritime business.

  • Each month an estimated 100,000 seafarers (6% of workforce) start a new contract world-wide
  • We estimate that the global addressable market is around $510m per year
  • Launched in May, attracted over 11,000 users with minimal spending
  • Money raised will be used to scale and grow our user base

Idea

We estimate that every month approx. 150,000 seafarers start a new contract, the majority of which hail from just five countries - Philippines, China, Indonesia, Russia and India.

However, despite there being over 1.6m seafarers globally, the industry is facing a shortage of seafarers due to increasing demand.

Exploitation within the seafarer recruitment industry is rife. In many countries, seafarers are often unable to apply for jobs directly themselves, instead being “represented” by recruitment agencies who control the process. Often, said agencies force charges and levies on the seafarer, placing them into debt before they even have a job.

PROPEL aims to change that.

PROPEL provides a single web-based professional network platform for seafarers to find and apply for the maritime job of their dreams, without control of any third party; and a tool for employers and agencies to find the best talent.

PROPEL is designed to:

• Let seafarers create a full digital maritime profile and digital discharge book.

• Enable future integration with AIS and major maritime databases - which could empower location data in terms of ports they visited, as well as cross-referencing a user's specific ship experience against a specific range of machinery, types of cargo carried.

• Let recruiters and employers find matching candidates via matching algorithms.

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Risk warning

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Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

PROPEL has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Seed Enterprise Investment Scheme (SEIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 50 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.