The Sustainable Ocean Alliance and its Ocean Solutions Accelerator take on the problems facing our planet’s waters, and the latest accomplice of business in the latter show a fresh slate of concerns to resolve and resources to make use of. From reef rehabilitation to a “Fitbit for fishing boats,” they’re attempting to fix things up in the oceans or at least mitigate the damage we’re doing down there.
The accelerator’s 4 week, all-virtual (like all of them these days) program focuses on the distinct difficulties dealt with by social excellent business in this area.
“Startups in the sector are still struggling to find sufficient financing throughout the early stages of operations,” the accelerator’s co-founder Craig Dudenhoffer informed TechCrunch in an e-mail. “A lot of the solutions (especially hardware) are costly to produce and take a heavy in advance cash financial investment. We discovered that out of the hundreds of applicants, only a portion had gotten substantial investments. We believe more financiers need to educate themselves on opportunities in the ocean sector.”
The SOA team selected 9 companies for this wave, only three of which are U.S.-based. “This year, in spite of the COVID-19 pandemic, we saw our biggest and most varied candidate swimming pool to date,” said Dudenhoffer in the release announcing the companies. “I was especially motivated by this year’s applicant pool to see the differing kinds of services, as well as an increase in the number of entrepreneurs that are actively constructing technologies to resolve the important challenges that deal with the ocean.”
SOA founder Daniela Fernandez recently noted that their location of operation is especially international, so keeping things virtual actually opens up a great deal of possibilities, specifically for smaller companies that can’t afford to momentarily move. “It offers you many options and makes it far more inclusive,” she informed me. “Everybody simply has more flexibility and serenity. I think we were headed in that direction anyway.”
Image Credits: ARC Marine Here are the 9 fortunate business: AquaAI (Norway): Established a fishlike self-governing undersea vehicle for inconspicuous observation and examination.
The companies will get the tender loving care lavished on all the brand-new accelerator’s participants, however potentially also a bit of harsh reality as they learn the problems of being an ethics-focused business with long-lasting goals in a capitalist system that requires almost instant returns. Among the most crucial actions in constructing among these companies appears to be getting over this demoralizing hump and seeing the possibilities in spite of the problems.
A demo day is set up for November 5, which is great timing since probably absolutely nothing else will be occurring around then.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.