The program is global with entrepreneurs supported Byatt Pitchiests, Ocean Impact Ideation Programmes and the HP Generation Impact Incubator since its launch in August 2020.
Co-founder and CEO Nick Chiarelli said OIO has the goal of accelerating 100 ‘ocean impact’ startups in the next five years.
“The ocean is a source of many solutions for a sustainable future. Whether it’s abundant energy from waves and tides; zero emissions transportation; seaweed solutions to sequester carbon or the treasure trove of opportunities to feed 9 billion through ocean harvesting – the potential is endless,” says Nick
“Australia looks forward to be a leader in this wave”
OIO has partnered with climate-tech startup accelerator EnergyLab run by Megan Fisher to co-deliver the program, and with Impact Ventures run by Pier Grove to support the raise of a $2.5 million early stage ocean health venture fund to invest in the accelerator participants.
Applications to the accelerator close on March 10 with the program kicking off on April 26.