‘Blue Economy’ Target Of Government Funding [Video]

The Department of Commerce and NOAA announced today that it is recommending awards totaling $54.3 million to four organizations to support small businesses and entrepreneurs as they bring to market solutions to benefit coastal resilience and a sustainable Blue Economy.

“American small businesses and startups are essential for creating and launching new technologies,” said U.S. Secretary of Commerce Gina Raimondo. “This program will connect them to the funding, business support, and training they need to grow and make a meaningful impact on our resiliency.”

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The four organizations, deemed as business “accelerators,” will provide guidance, support and funding to help small businesses scale quickly to spur the development of technologies and services that address a wide range of maritime issues. They were recommended for awards through the Ocean-Based Climate Resilience Accelerators program.

“This program is the first of its kind at NOAA,” said NOAA Administrator Rick Spinrad, …