Boston, MA, October 11, 2022 – MassChallenge, the global network for innovators ran an application cycle last month to attract a group of high impact entrepreneurs who are working to provide solutions in the blue tech/maritime industry. The applicant pool saw a wide representation of solutions that included autonomous and unmanned systems, sensors, AI solutions for aquaculture and agritech as well as AI for training, data analytics for climate measurement, communications technologies and much more. Learn more about the startups here.
MassChallenge’s goal for this program alongside partners 401 Tech Bridge, BAE Systems, MITRE BlueTech Lab, Raytheon Technologies, and Navsea Warfare Centers is to convene maritime leaders with startups that have the tools and ideas to leverage ocean technology to provide solutions to the maritime industry.
The six-week sprint program will be broken into three distinct modules designed to offer awide range of industry perspectives, customer acquistion and finally, an understanding of the funding landscape. Experts in Blue Tech will discuss the sector and why high impact startups are crucially needed to push innovation forward. Module 2 will focus on Blue Tech Opportunity, as we hear from successful founders and leaders in government who are successfully navigating the blue frontiers. The last module, (“Funding Blue”), founders will immerse themselves in discussions with blue investors and DOD and SBIR experts to better understand both equity financing and non-dilutive funding options for their solutions.
“MassChallenge’s mission is to equip bold entrepreneurs to disrupt the status quo and create meaningful change. The BlueTech Sprint program enables us to leverage the expertise, industry networks and resources in the maritime economy to facilitate growth in the blue tech sector,” said Hope Hopkins, Head of Acceleration at MassChallenge. “Our continued work in this space alongside our partners not only accelerates startups but builds bridges between founders and innovators to help grow the blue economy.
MassChallenge is the global network for innovators. Headquartered in the United States with eight locations worldwide, MassChallenge equips bold entrepreneurs to disrupt the status quo and to create meaningful change. Since launching in 2009, more than 3,000 startups have participated in a MassChallenge program and non-profit has awarded over $17M in equity-free cash and prizes. Learn more about MassChallenge at masschallenge.org.