The Atlantic Canada Opportunities Agency is partnering with government partners from the United Kingdom to launch an ocean technology competition.
The competition that aims to help solve ocean technology challenges by connecting innovators from both sides of the Atlantic.
To that end ACOA is giving $275,000 to the Ocean Technology Council of Nova Scotia (OTCNS) to support the competition in Canada. Innovate UK is also providing $275,000 for the competition in the United Kingdom
“This investment taps into the infinite potential of Canada’s ocean tech ecosystem and strengthens it through collaboration with innovators in the United Kingdom. The partnerships that emerge from this competition will lead to powerful solutions for some of the sector’s biggest challenges, while advancing trade and spurring jobs and growth. This is exactly the type of work that will help us build back better—and bluer.”
-Ginette Petitpas Taylor, Minister of Official Languages and Minister responsible for ACOA
The investments will help bring Canadian and UK small and medium-sized enterprises together to compete in this new ocean tech innovation challenge. Through the competition, transnational teams will work together to develop ways to help uncrewed vessels better navigate the ocean.
Two winning teams will each receive $250,000 CAD to implement and demonstrate their proposals. The competition will help create industry-advancing solutions and grow trade through partnerships between ocean tech innovators.
This year’s challenge is open to Canadian small and medium-sized enterprises and UK registered businesses on October 5, with proposals due on December 2. Winners will be selected in early January
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