US Invests $3.9 Million For Ocean-Based Climate - Marine Technology News

US Invests $3.9 Million For Ocean-Based Climate

US Invests $3.9 Million for Ocean-based Climate Resilience Accelerators

A storm rolls in over Daytona Beach, Fla. Accurate coastal and ocean data and information help resilient communities prepare for and mitigate hazards like beach erosion and coastal flooding, and to prevent loss of human life. (Image credit: NOAA)

The United States is investing in new and emerging technology that aims to bolster NOAA’s efforts to support climate resilience.

The Department of Commerce and NOAA on Tuesday announced $3.9 million in awards to help small businesses improve climate resilience in communities across the nation through the Ocean-based Climate Resilience Accelerators program.

This investment, funded by the Inflation Reduction Act, supports 16 awardees in 11 states to develop and advance new technologies for gathering coastal, ocean and Great Lakes data and observations — essential information to build tools, products, and services that address climate resilience needs and create a climate-ready nation.

"As we work to tackle climate change, public-private partnerships like the Ocean-based Climate Resilience Accelerator program will help to catalyze innovation and empower entrepreneurs to develop new climate resilience technologies,” said U.S. Secretary of Commerce Gina Raimondo. “This investment, made possible thanks to President Biden’s Investing in America agenda, will strengthen communities across our country by making sure small businesses have the tools and resources they need to address the climate crisis head on.”

The Ocean-based Climate Resilience Accelerator program will invest in a network of novel business accelerators, which are organizations that support the development of innovative early to mid-stage small businesses through training, resources, mentorship and often seed funding, aimed at bringing products to market. Once operational, these accelerators will support businesses developing ocean observation technologies and information services, such as forecasts and digital apps, to enhance climate resilience.

"The impacts of climate change are visible in communities across America every day," said NOAA Administrator Rick Spinrad, Ph.D. "This ocean-based accelerator program connects the government, the private sector, academia, tribes and stakeholders to innovate and produce new ocean, coastal and Great Lakes technologies at a pace that supports the urgent need for resilience nationwide."

The program is structured in two phases: design and development. The Phase 1 awards announced today provide approximately $250,000 in development funding to each of the 16 proposed business accelerators, equaling a total investment of $3.9 million.

Alaska

Alaska Oceans 2075: Accelerating a Resilient Future, Alaska Fisheries Development Foundation, $249,540.

California

Activate Oceans Fellowship, ACTIVATE GLOBAL Inc., $202,431.

StartBlue Climate Ocean Resilience Accelerator Launchpad (CORAL), University of California San Diego, $250,000.

Florida

Catching the Blue Wave: Accelerating America’s Ocean Economy, Tampa Bay Wave, Inc., $250,000.

The Upwell Collaborative Accelerator, Seaworthy Collective, $249,848.

Hawaii

HITIDE Studio: Guiding the Commercialization Voyage of Ocean-Based Climate Resilient Technologies, University of Hawaii, $250,000.

Louisiana

CLIMATEx Accelerator Program, The Idea Village, Inc., $250,000.

Maine

OceanVista: Advancing Ocean Data for Climate Resilience, Gulf of Maine Research Institute, $250,000.

Massachusetts

VentureWell Ocean-Based Climate Resilience Accelerator, VentureWell, $249,810.

Accelerating Climate & Ocean Resilience with Bluetech Innovation, SeaAhead, Inc., $249,299.

Accelerating Resilience: Linking Research, Industry, and the Public Across the Value Chain, Woods Hole Oceanographic Institution, $225,480.

New York

The National Ocean Renewable Power Accelerator - RePower, National Offshore Wind Research & Development Consortium, $249,991.

Virginia

OpenSeas Data Accelerator, Old Dominion University Research Foundation, $249,816.

NOAA Ocean-Based Climate Resilience Accelerator, FedTech, $176,799 (full recommended funding: $249,844).

Washington

Washington Maritime Blue Ventures for Ocean-based Climate Solutions, Washington Maritime Blue, $248,403.

Wisconsin

Great Lakes Resilience Accelerator, gener8tor Management, LLC, $250,000.

Later this month, all Phase 1 awardees will be invited to apply to Phase 2 of the Ocean-based Climate Resilience Accelerators program, which will award up to a total of $55 million for the implementation of up to five proposed accelerators.