The VentureWell Ocean Enterprise Accelerator Will Empower Early-Stage Ventures To Accelerate Blue Economy Solutions for the U.S.
HADLEY, Massachusetts, December 9, 2024—VentureWell, a leading nonprofit organization advancing science and technology innovation and entrepreneurship, has been chosen by the National Oceanic and Atmospheric Administration (NOAA) to spearhead a new ocean enterprise accelerator. This transformative program will support early-stage innovators and ventures in the development, commercialization, and adoption of new ocean data technologies and services for economic and societal benefit to the U.S.
“Our team is honored to lead the VentureWell Ocean Enterprise Accelerator, a program that combines bold vision with practical tools established through decades of experience to unlock the potential of ocean-based innovation,” said Christina Tamer, vice president, Ventures, at VentureWell. “By equipping innovators with the resources they need to bring their ideas to life, we’re advancing a vibrant blue economy that benefits communities, economies, and ecosystems alike.”
Housed within NOAA’s Ocean Enterprise Program, the accelerator focuses on tools and information systems to drive innovation in developing technologies in key marine and coastal sector industries, including coastal management, marine carbon, water quality, aquaculture, shipping, ports, tourism, and others.
Built on VentureWell’s proven Venture Development Framework, the program is designed to guide ventures from ideation to market launch. It provides integrated technical, business, and expert support to move innovations from the lab to real-world application while navigating the sector’s complex regulatory landscape, ensuring ventures are prepared to scale and succeed.
To support this effort, VentureWell is bringing together a robust collaborator network, including Recruitment Hubs, prototyping facilities, and NOAA researchers. Partnerships with technical resource providers and private investors will further equip startups with the resources and expertise needed to thrive.
“We’re thrilled to be working with VentureWell in our Ocean Enterprise business accelerator program,” said U.S. Integrated Ocean Observing System Office Director Carl Gouldman. “They have an excellent track record with the kind of recruitment and mentoring that’s at the core of this program. They also have an extensive network of partners nationwide who bring a broad spectrum of expertise to the table.”
Over four years, the VentureWell Ocean Enterprise Accelerator will scale its efforts to support up to 220 ventures through a structured, four-stage program. Participants will gain access to entrepreneurial training, expert mentorship, Technology Development and Commercialization awards, and state-of-the-art testing facilities by our partners around the country.
Key features of the program include:
- Technology Development and Commercialization (TDC) awards to reduce risks and attract investment
- Strategic partnerships with academic institutions and industry experts
- Access to prototyping and demonstration facilities for real-world testing and scaling
- Structured curriculum
- A network of expert mentors and a committed Advisory Council
“This accelerator demonstrates the power of uniting diverse expertise, resources, and communities to address one of the most pressing challenges of our time,” said Tricia Compas-Markman, director of National Venture Programs at VentureWell. “By leveraging partnerships and expanding our network, we’re ensuring broader participation and deeper impact.”
Read more about this groundbreaking initiative.