16 Feb Accelerating Bluetech Startups-latest updates
The ocean impact startup scene is ramping up, with business accelerators and investors increasingly keen to support innovative and scalable solutions to the current ocean health crisis.
The latest bluetech accelerator, Maritime Blue Innovation Accelerator, launched its first cohort of 11 startups. The Seattle-based accelerator hopes to spur the innovation necessary to build a thriving maritime economy for generations to come.
In line with this, the selected startups encompass a wide variety of sustainable ocean solutions, from lithium ion batteries for electric ships to tackling marine plastic pollution with the upcyling of fishing nets. To see more about these startups, check out our Ocean Business Brain.
In a further development, Sea ahead – a bluetech startup platform– has launched the Blue Angels Investment Group. The Boston-based group invests in bluetech companies seeking seed-level funding. The group brings together angel investors both with experience in the sector as well as those looking to gain knowledge and exposure to bluetech. The Blue Angels will meet quarterly throughout 2020 with each session featuring 3-4 startup pitches and an informational session.
The group’s interest areas include technology innovation for ports, shipping, coastal resilience, aquaculture, fisheries, offshore renewable energy, plastics avoidance/replacement and ocean-centric approaches to climate change mitigation. There is an emphasis on positive environmental outcomes. Startups can apply for funding here and accredited investors can apply to join the group here.
Across the pond, Norway-based ocean accelerator, Katapult Ocean, is now accepting applications for its third accelerator program. Selected startups with a positive ocean impact will participate in an intense 3 month program. The focus of the program is on growth, investor readiness, leadership development, exponential tech and introductions to the global ocean teach ecosystem. The startups also receive investment in return for equity. The program kicks off in September 2020, apply here.
So far, Katapult Ocean has accelerated 23 ocean tech startups from all over the world. Aside from the direct investments the company makes, it also works with corporates and investors to encourage more investment,piloting and engagement with ocean tech startups.
As the pressure builds to realise Sustainable Development Goal 14, continued innovation, entrepreneurship and investment is needed. Forward-thinking organisations like those above, provide much needed support and help to pave the way to a sustainable blue economy and a robust and healthy ocean.
For more take a look at our Entrepreneur and Investment resources section of the Oceanovate Ocean Business Brain.