The Global Startup Ecosystem Report – Climatetech Edition was officially launched by Startup Genome and the Global Entrepreneurship Network together with their partners Canada’s Ocean Supercluster, Cleantech Group, La Zone Bleue, and Mississippi Development Authority at COP 28. The report focuses on current startup activity, investments, and rankings identifying the global ecosystems propelling innovation. The full report is now live and free to access.
The world is increasingly focused on the blue economy given its interconnectedness to some of the biggest challenges that face humanity and the planet:
- The OECD projects the blue economy will outpace the broader global economy by 20 per cent by 2030.
- A recent report by the High-Level Panel for a Sustainable Ocean Economy indicates that up to 35 per cent of emissions reduction can come from the ocean.
- Offshore renewables are critical in the world’s energy transition to cleaner, more sustainable sources of power
- As the world’s population grows, the demand for sustainable protein is increasing and seafood consumption is expected to double by 2050.
- Ocean technologies to help decarbonize marine shipping are contributing to significant emissions reductions where businesses, such as Apple, may increasingly consider this form of shipping over others.
- Regional ocean innovation hubs, ocean clusters and superclusters are growing in Canada and world-wide to harness the opportunity the new blue economy presents.
- Canada’s Ocean Supercluster has released a five times growth ambition for Canada called Ambition 2035 which would see the blue economy increase from 1.6 per cent of Canada’s GDP to more than 5 per cent.
The new global report provides key findings, including Canadian rankings in the Blue Economy and Climatetech:
About Canada’s Ocean Supercluster (OSC)
Canada’s Ocean Supercluster accelerates the development and commercialization of made-in-Canada ocean solutions in energy transition, food security, future of transport, and climate change while also growing more companies, creating more jobs, and attracting ocean talent. As Canada’s national ocean cluster, the OSC is a convenor of members, partners, and networks and a catalyst for transformative growth that helps build the robust ecosystem needed to help realize Ambition 2035 – a 5X growth potential in ocean in Canada by 2035. To date, the OSC has approved more than 90 projects with a total value of more than $400 million which will deliver more than 200 new made-in-Canada ocean products, processes, and services to sell to the world. For more information visit oceansupercluster.ca
