Oceans are the life support of our planet. They drive our climate, provide food, and water to all living things, and connect our continents.
The annual value of the global Ocean’s Economy (formal and informal) is estimated at $2.5 trillion and was expected to grow substantially, doubling by 2030.
However, our societies are already generating tremendous stress and strain onto these ecosystems and this vast untapped economic potential needs to be addressed in a radically more sustainable manner.
In line with this, OceanHub Africa has launched the second cohort of its 6-month acceleration program to support up to 6 of Africa’s most promising impact for-profit startups focused on preserving and restoring the health of the ocean.
The application deadline for this programme is set for March 5th, 2021.
Why the Oceans?
The need to save our oceans through innovation comes in the nick of time as Africa offers a particularly high potential in terms of Blue Economy developments, paving the way to ocean community-based resource management and offering an ideal ground to test and scale impact innovation.
Africa’s Blue/ocean economy – three times the size of its landmass – is on top of the continent political agenda and seen to be a major contributor to continental transformation and growth, through knowledge on marine and aquatic biotechnology, the growth of an Africa-wide shipping industry, the development of sea transport and fishing, etc.
To embark on the journey towards sustainable development in Africa effectively means we have to reach the SDGs within the planetary boundaries.
The development of the Blue Economy is an immensely important first step towards creating Sustainable Development pathways that enables this.
The world is currently falling behind and not only have to “try harder”, but must embrace a disruptive transformation that innovative technologies and new business models can drive – otherwise development will stall.
Hence the OceanHub Africa Acceleration Program is on a mission to support ocean-minded start-ups with the express aim of nurturing an environmentally conscious and profitable economy that effectively mitigates the effects of global warming as well as the overexploitation and pollution of the oceans.
Leveraging its highly qualified network of stakeholders and facilitators, it will deliver to the accelerated start-ups an online program that seeks out sustainable pathways yielding stable profits (ROIs) and avenues for scalable growth throughout Africa.
Become part of OceanHub Africa Acceleration Program portfolio will allow you to:
Find feedback from the programme’s previous cohort here
Service Package of the OceanHub Africa Acceleration Program Portfolio companies include:
Mentorship & Support
A huge network
This year, our programme will be operated remotely and delivered using online tools and communication methods.
Get more details about the program here! All the best