Federal and provincial governments investing in ocean and clean technology sectors

The province and ACOA are teaming up to provide a $920,000 investment to support startups in the ocean and clean technology sectors. 

The federal government is providing a $500,000 non-repayable contribution to this initiative, while the province is contributing the remaining $420,000.

A news release from the province says several business acceleration programs will be delivered this fall through the investment, which includes a new Blue Solutions competition, to find innovative solutions to problems in oceans.

The province says three of the programs will focus on helping companies develop their products and demonstrate their prototypes, while two other programs will aim to prepare companies for technical and business milestones. 

Calls for submissions to the programs will be made throughout September.