25 Feb Launch of The Ocean Startup Project
An ambitious pan-atlantic project aimed at oceantech startups has launched. Founded by Canada’s Ocean Supercluster, The Ocean Startup Project aims to support ocean technology startups, with a focus on connecting new technology with existing industries throughout Atlantic Canada.
The Ocean Start-up Project is a collaboration between six business incubators, accelerators and support organisations- Creation Destruction Lab (CDL), Genesis, Innovacorp, New Brunswick Innovation Foundation, PEI BioAlliance, and Springboard Atlantic. Their collaborative vision is to build a world-class innovation ecosystem for ocean technology startups.
The project received investment of $6.8 million with Canada’s Ocean Supercluster providing the bulk of funding at $3.9 million, with an additional $535,000 from the Atlantic Canada Opportunities Agency, as well as up to $2.4 million in contributions from the Atlantic Provinces and the six project partners.
Kendra Macdonald, CEO of the Oceans Supercluster, says the project aims to increase the number of ocean technology startups throughout Atlantic Canada.
“One of the things we’re trying to do is encourage a different way of collaborating across Atlantic Canada. Instead of giving us all different solutions, can we work together to find a solution that fits for the whole region. This is what led to the Oceans Startup project.”
The project is significant as Canada has the longest coastline and the fourth largest ocean territory in the world. By growing the pan-Atlantic ecosystem, embracing collaboration, and bringing ocean industries together to develop game-changing ocean solutions, the supercluster is growing the ocean economy in a way that has never been done before.