The Ocean Startup Challenge is designed to support innovators who are leveraging Canadian ocean assets and capabilities to develop technologies that c
Project awards $1.1 million to 40 ocean tech startups, including aquaculture
CANADA
Wednesday, October 13, 2021, 07:00 (GMT + 9)
The following is an excerpt from an article published by the Global Seafood Alliance:
Companies developing sustainable solutions for the blue economy prioritized
The Ocean Startup Project is awarding CAD $1.4 million (U.S. $1.1 million) to 40 early-stage ocean technology companies, including at least seven startups relevant to the aquaculture sector. The funding is part of the Ocean Startup Challenge, an initiative to “foster ocean innovation in Canada.” The number of winners doubled since last year’s competition.
“The quality of sustainable ocean solutions brought forward by these founders is what will continue to define Canada as a global leader in the blue economy,” said Don Grant, Executive Director of the Ocean Startup Project. “Because of the momentum in Canada’s ocean start-up ecosystem, and the strength of the founders and ideas brought forward, we felt compelled to fund twice as many early-stage ocean startups.”
Applicants were evaluated by industry-leading reviews, and the cohort of winners includes diverse representation across industries, technologies and founder backgrounds. The companies are developing innovative solutions to tackle major global problems in fishing and aquaculture, shipping and marine transportation, renewable energy, climate, and other sectors. With 2021 kicking off the UN’s Decade of Ocean Science for Sustainable Development, this year’s competition prioritized sustainable ocean solutions for the blue economy. (continues...)
Source: Responsible Seafood Advocate | Read the full article by clicking de link here
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