This program co-invests up to 40% of eligible costs for industry-led consortium projects commercializing ocean technology solutions in scaled ocean energy, sustainable seafood, future of transport, and ocean climate. Projects must be commercially focused, consortium-based with at least two Industry Investing Organizations including one SME, have a minimum value of $1 million, and conclude by October 2027. The program supports advancing technology from TRL 3-4 to TRL 7-8, requiring significant industry cash contributions and incremental project scope.
Applicants must be legally incorporated in Canada with a Canadian office and active in the ocean sector. Projects must be industry-led, commercially focused, form a consortium with at least two Industry Investing Organizations including one SME, and meet specific financial contribution requirements.
