Ocean Exchange has partnered with the Marine Research Hub as it moves to Fort Lauderdale to coincide with this year’s Fort Lauderdale International Boat Show in October. Over the last eight years, Ocean Exchange has given over $1.5 million “in non-dilutive grants to startups as seed funding, typically at the pre-revenue stage.”
This year, 12 finalists will pitch for one of two $100,000 awards. Ocean Exchange is also holding its fifth annual collegiate competition with a $10,000 prize. Their goal is to support ideas that “Generate economic growth and increase productivity while reducing the use of nature’s resources.”
There have been significant accomplishments by previous winners of the competition: An exit strategy was completed for initial investors via acquisition by Boeing, large equity-based crowdfunding was made in the cleantech space, and an award was received of a significant contract by HUD for post-Sandy remediation in Raritan Bay/Staten Island.
According to a press release by Ocean Exchange:
The Marine Research Hub, headquartered in South Florida, is a 501(c)(3) formed to solidify collaboration among four university oceanographic research centers, three economic development organizations, and the Marine Industries Association of South Florida to establish the region as a global leader in oceanographic research and increase the likelihood of research projects reaching completion in the form of commercialization and technology transfer to benefit the earth and positively impact the human condition.
Bob Swindell, president of the Marine Research Hub and CEO of the Greater Fort Lauderdale Alliance, says that:
We believe that the combination of university research, economic development, and start-up funding will become a successful model for the country as we strive toward finding marketable solutions to the world's most challenging problems.
Ocean Exchange’s new location in Fort Lauderdale will enable greater collaboration between some of the best oceanographic research facilities and the private sector. Ocean Exchange continues to positively impact humanity, oceans, and ocean life.
Reality Changing Observations:
Q1. What do you think are the greatest threats to our oceans?
Q2. Why is it important to preserve the health of our oceans?
Q3. What can you do to help support cleantech solutions to our world’s problems?