The challenge

Portugal has significant competitive advantages regrding maritime economy which have, to date, been scarcely made use of.

CREATING A STARTUP ACCELERATOR AS THE CATALYST FOR CHANGE

  • Portugal´s Exclusive Economic Zone is 18 times greater than its land territory and its Continental Shelf is one of the largest in the world
  • However, today, the maritime economy represents a very small fraction of the national economy – about 2.5% to 3% of its GDP (EU average – 5%)
  • The maritime economy is comprehensive and cuts across many sector of the econnomy – some specific areas show high growth potential (bio-marine, clean energy, etc.)
  • The creation of an idea acceleration and startup program is a fast way to position Portugal on the maritime economy map

Agenda

  • The challenge
  • The ideation
  • Team and calendar

The challenge

Portugal has significant competitive advantages regrding maritime economy which have, to date, been scarcely made use of.

CREATING A STARTUP ACCELERATOR AS THE CATALYST FOR CHANGE

  • Portugal´s Exclusive Economic Zone is 18 times greater than its land territory and its Continental Shelf is one of the largest in the world
  • However, today, the maritime economy represents a very small fraction of the national economy – about 2.5% to 3% of its GDP (EU average – 5%)
  • The maritime economy is comprehensive and cuts across many sector of the econnomy – some specific areas show high growth potential (bio-marine, clean energy, etc.)
  • The creation of an idea acceleration and startup program is a fast way to position Portugal on the maritime economy map

The ideation and acceleration

STARTUP OCEANS INCREMENTAL APPROACH

Lauching international challenge ideation program

  • Announcement of an international call to present ideas and solve specific challenges related with the oceans
  • Selection of the best ideas
  • Program of ideation to develop the ideas with more potential

Acceleration program

  • Acceleration program to prepare to go to market of the best ideas and capture investors

Creation of an hub

  • Establish a sustainable organization and processes to support an economic hub for startups to solve oceans related challenges

Team and calendar

The First edition will be launched on 2018