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Ocean Startup Challenge returns with up to $1.4 million for ocean innovators

Applications open until June 1, 2021.

The Ocean Startup Project has launched its second Ocean Startup Challenge. Up from last year’s $350,000 in prize money, the 2021 edition of the competition will award up to $1.4 million to ocean innovators and entrepreneurs from rural, Indigenous and urban communities, across Canada and internationally. The PEI BioAlliance is one of six partners in the Ocean Startup Project.

The Challenge has three streams:

1) Idea – multiple early-stage teams will each receive up to $25K;
2) Growth – multiple early-stage companies, having made traction and achieved notable milestones, will each receive up to $100K; and
3) Oceanshot – up to one early-stage company tackling ambitious, uncharted problems that will lead to massive market opportunities will receive up to $200K prize.

Additionally, up to three special awards will be issued specifically for: Women Entrepreneurs; Indigenous Founders; and Impact (a startup dedicated to technology for ocean sustainability). Winners receive business support from Challenge sponsors, learning opportunities, access to industry expert mentors, and more.

Read more on the Ocean Startup Challenge website to learn more about eligibility and apply.

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