Accelerate in Maritime Innovation
Join our world-class Maritime Blue Innovation Accelerator program. We are dedicated to helping maritime companies innovate and grow by connecting them with capital and key stakeholders. Apply before November 18 to join at WeWork 1411 4th Ave, Seattle!Apply to the Maritime Innovation Accelerator
The Accelerator Program
Maritime Blue Innovation Accelerator is the first Washington state maritime accelerator, and among only a handful that exist in the US, established by Washington Maritime Blue, the Port of Seattle and WeWork Labs. Selected startups will be housed and supported by WeWork Labs in Seattle, to make the Puget Sound Region a leading hub for sustainable maritime and ocean industries.
10 promising startups will be selected for the first cohort, which will formally begin in January 2020. WeWork Labs is accepting applications from all startups and new ventures who are passionate about finding innovative solutions to benefit the Maritime and Ocean economies. Applicants will be reviewed and selected by the Washington Maritime Blue Innovation Advisory Committee.
Startups will benefit from intensive programming provided by WeWork Labs over a 4-month period. In addition to being housed at WeWork 1411 4th Ave, startups will receive access to the WeWork Labs global network of mentors and advisors alongside Washington's maritime and ocean leaders. This will be a powerful opportunity for local companies to grow and secure funding in a sector where capital is often scarce.
The accelerator will conclude in April 2020 with a formal demo day where the startups will pitch their ideas to a curated audience of investors, mentors, corporate partners, government officials.
- Find out more about The Port of Seattle
Why Maritime Innovation?Innovation across Washington’s maritime sector is critical for a thriving economy and in the fight to protect our planet, precious natural resources, and ocean life. Finding a way to extract economic growth while simultaneously returning evermore vitality and life to our oceans and waterways is a challenging task, but one Washington must take on if the industry is to thrive for the next generation of maritime workers.
- Apply to make an impact
Why Maritime Innovation?Maritime industries are among Washington state’s oldest and with a statewide economic value of more than $30 billion and 146,000 jobs, maritime is still among the state’s most economically significant industries and employers.
- Find out more about Maritime Blue
Why Maritime Innovation?Days after Washington Governor Jay Inslee celebrated the start of work on the state’s first hybrid-electric ferry, a study released by Washington Maritime Blue identified technology solutions for water transportation, shipping, science and other ocean systems, as the highest growth sector in the “Blue Economy” – a term referring to sustainable use of ocean resources for economic growth, improved jobs and ocean ecosystem health.
- Apply to make an impact
Why Maritime Innovation?Despite the growth opportunity, a Maritime Blue study found multiple challenges around access to capital, including: few equity investors are currently focused on maritime; funding at the proof-of-concept / testing stage is especially hard to find for maritime-tech businesses; there are few options for “no-cost capital”, like R&D grants or prize competitions targeted at maritime, which would allow start-ups to prove concept and attract additional investment.Without access to capital the industry cannot grow and innovate, and growth and innovation are critical for maritime to overcome modern challenges like climate change and an aging workforce.