Ocean Startup Challenge

By mmuise

The Ocean Startup Challenge helps turn entrepreneurial ideas or technology into a wave of opportunity! With the world’s longest coastline, globally-renowned experts, research facilities, a steady flow of talent, and ample government programming and supports, Canada is the right place to start and grow a successful ocean tech company. For 2022, the Ocean Startup Challenge is focusing on idea/early stage ocean startups with a TRL of 4 and below, and supporting innovators who are leveraging Canadian ocean assets and capabilities to develop technologies that can be applied to global ocean problems.

Comments on Funding:

Funding will take the form of awards of up to $40,000.

Deadline: Applications are closed. Stay tuned for future intake announcements.

Applicants must:

  • be entrepreneurs or teams early in their development;
  • be in the pre-revenue, pre-institutional investment stage;
  • not have sold any products prior to application deadline;
  • be Canadian-based entities;
  • be TRL 4 or lower:
    a) Level 1 - Basic principles of concept are observed and reported;
    b) Level 2 - Technology concept and/or application formulated;
    c) Level 3 - Analytical and experimental critical function and/ or proof of concept;
    d) Level 4 - Component and/or validation in a laboratory environment;
    6) have been in operation for less than three years, and have less than five full-time employees;
    7) be the majority owners of the company. Past winners of the Ocean Startup Challenge are not eligible.
Application Steps:

Applicants must:

1. complete and submit the online application with video at https://oceanstartupproject.ca/challenge-apply/;

2. attend the interview, if invited.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

Applications closed on September 1, 2022.
2022 Guidelines

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