NOAA and Partners Launch $13.9M Initiative to Propel Blue Economy Startups

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Source: National Oceanic and Atmospheric Administration
NOAA and Partners Launch $13.9M Initiative to Propel Blue Economy Startups
Photo: National Oceanic and Atmospheric Administration
TL;DR

The Biden-Harris Administration, through the Department of Commerce and NOAA, is awarding $54.3 million to four business accelerators to support small businesses in the Blue Economy. Funded by the Inflation Reduction Act, these accelerators will help develop technologies for ocean renewable energy, carbon sequestration, hazard mitigation, and ecosystem services. The initiative aims to enhance coastal resilience and foster public-private partnerships, with recruitment of businesses set to begin in the next 6-12 months.

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