Two Nova Scotia ocean technology companies are each receiving $50,000 in funding through Innovacorp’s Blue Solutions Start-Up Challenge. The companies will use the money to further develop their technologies.
Luna Ocean of Shad Bay and Freeport is developing data collection techniques and analysis software to better assess water flows for tidal energy projects. The information is used to optimize tidal turbine locations and power outputs, reduce turbine failures, improve energy predictions, and decrease operational costs. The company was founded by Gregory Trowse.
Pelagis Data Solutions of Sydney is developing a resource management and analytics platform that delivers data-driven insights for ocean food producers. The company was founded by Glenn Laughlin.
Blue Solutions, supported by Innovacorp and the Atlantic Canada Opportunities Agency, is a competition to find innovative solutions to problems in the ocean sector. It also aims to build on the increasing ocean technology development across the region and ignite the start-up community in Nova Scotia.
Luna Ocean and Pelagis Data Solutions were selected through two competition rounds. Innovacorp received 47 entries after a call for submissions last September. Ten round one winners were chosen in October to each receive $10,000 and guidance from seasoned business people to further advance their ventures. Those companies pitched their ventures to judges on January 16.
The winners were announced at the IORE Ocean Connector event yesterday, January 18.
For more information, contact:
Michaela Meltzer Gardner
Halifax, Nova Scotia, January 19, 2018
Blue Solutions is presented by: