Ocean Startup Project
ABOUT THE OCEAN STARTUP PROJECT
The Ocean Startup Project (OSP) is a co-funded, pan- Atlantic collaboration. We aim to double the number of high-quality, ocean technology startups thriving in Atlantic Canada. We want to accelerate how homegrown startups get their technologies to market and attract international companies to our shores.
Together, project partners – Creative Destruction Lab (CDL), Genesis, Innovacorp, New Brunswick Innovation Foundation, PEI BioAlliance and Springboard Atlantic – envision building a world-class innovation ecosystem for ocean technology startups.
The Ocean Startup Project’s 24-month strategy focuses on funnel development, acceleration and incubation. We welcome innovators from industry and academia to participate in the Ocean Startup Project activities below.
Ocean Startup Project Partners
OPPORTUNITIES FOR STARTUPS
The Ocean Startup Project will host Engage Cafés and Bootcamps to help create connections between industry leaders and startup innovators. Engage Cafés will feature activities such as networking, open-mic pitch sessions, panel discussions and fireside chats with industry experts to generate conversation about opportunities and challenges in the ocean economy. The Ocean Startup Project’s sector-specific bootcamps are designed to help early stage startups’ teams develop core competencies. Bootcamp topics may include design thinking, the Lean Startup Methodology, business model canvas, and more.
The Ocean Startup Challenge Competition will support startup innovators who aretackling major problems in the ocean industry. The Challenge Competition is designed to attract and develop new ocean startups based on technology-demand from industry. The competition will issue a challenge based on industry problems and provide a technical sprint to enable prototyping. Shortlisted applicants will be invited to participate in a one-day bootcamp and pitch their solution to potential adopters. Successful startups will each receive $25,000 and guidance to help further validate their technology.
Led by Memorial and Dalhousie universities, in collaboration with the University of New Brunswick and the University of Prince Edward Island, the Lab2Market program will help develop new startup ventures from ocean-based research at universities and research labs. The Lab2Market program teaches graduate students,postdocs and faculty researchers how to build, test and develop a business model centred on identifying real-world needs and developing technology-based value propositions. Teams then decide whether they will move forward with the idea based on extensive critical testing of their proposed business model.
Creative Destruction Lab – Atlantic, a seed-stage program for massively scalable, science and technology-based companies, has launched an Oceans-specific speciality stream that focuses on the digital ocean. This stream aims to support ocean technology companies that are using sensors, data, robotics and autonomous vehicles, and predictive analytics and AI to transform the sustainable ocean economy. The Oceans Stream will play a key role in attracting high-growth startups to the region.