Biden-Harris Administration identifies 4 business 'accelerators' to boost the Blue Economy
Summary
These kinds of public-private partnerships make our economy stronger and our communities safer.American small businesses and startups are essential for creating and launching new technologies, said U.S. Secretary of Commerce Gina Raimondo. Ecosystem Services to accurately assess and forecast ecosystem changes, like shifts in species location, marine heat waves or changes in sea level and to support decision makers, including natural resource managers, offshore operators, permitting agencies and others who require the best available science, data and predictions to reduce uncertainty in decision making processes.Each of the accelerator awardees will address all four theme areas and additional themes as the market evolves. They will recruit small businesses and startups from across the nation and provide them with resources, mentorship and funding to bring their products to market.Over the past year, these organizations have examined their proposed programs and developed detailed plans to launch and operate. In collaboration with the Ocean Enterprise Initiative program offsite link, NOAA will also bring together government, industry, academia and others to gather broadly informed blue economy needs and requirements, as well as ascertain market and investment potential for those technologies, which will help inform priorities and recruitment decisions for the business accelerators.This program is about collaboration, partnership and most importantly, sending the signal that there is demand for ocean-based products and services to support the blue economy, said U.S. IOOS Office Director Carl Gouldman. Were asking whats needed, listening to the response, and advancing solutions to meet the growing demand for ocean, coastal and Great Lakes information.More than 40% of the U.S. population lives in coastal counties that produce in excess of $9.65 trillion in goods and services and employ 54.6 million people.Visit NOAAs Inflation Reduction Act web portal to learn about current and future funding opportunities.Climate, weather and water affect all life on our ocean planet.