Ocean Startup Project Announces Follow-On Funding – Entrevestor

Mar 18, 2024

National industry group the Ocean Startup Project has announced 12 alumni from its accelerator program that will receive follow-on funding.

Offered for the first time this year, the Ocean Challenge: Boost funding program offers additional funding for companies that have previously completed the Ocean Startup Challenge, the organization’s program for idea- and early-stage startups.

In this new initiative, companies can receive “various funding amounts in increments of up to $5,000 each”, said the organization, adding it is targeting startups looking to minimize administrative burdens. Applications were assessed based on the quality of startups’ founding teams, as well as the potential impact of additional investment.