Home News feed U.S. DOE announced $4 million Bue Economy funding

    U.S. DOE announced $4 million Bue Economy funding

    Photo by Jeremy Bishop on Unsplash
    Photo by Jeremy Bishop on Unsplash

    The Department of Energy has partnered with EDA to provide $4 million in funding to pilot this year’s exciting new Industry Challenge, which seeks to support entrepreneurship and accelerate company growth within the Blue Economy for the FY20 cycle.

    The Blue Economy is generally defined as sustainable use of ocean resources for economic growth, improved livelihoods and jobs, while preserving the health of marine ecosystems. For the purpose of this solicitation the definition is broadened to include freshwater as well as marine activities.

    The FY20 Industry Challenge will award grants to organizations who are…

    • Supporting commercialization of blue economy technologies
    • Improving competitiveness of blue economy startups
    • Increasing connectivity and collaboration between blue economy stakeholders
    • Leveraging the blue economy to support innovation and job creation

    Organizations that may not fit the technology interests of this year’s Industry Challenge are encouraged to consider the Venture Challenge, which supports entrepreneurship and commercialization in all high-tech industries.

    Read more here