The Gulf of Maine Research Institute (GMRI) has partnered with Northeastern University's Roux Institute and Institute for Experiential AI to launch an accelerator program that will support seven ocean-based start-ups and is based on artificial intelligence (AI) and blue tech functions.
The 16-week accelerator program is called Blue w(AI)ve and includes startups from the U.S., Canada, and Israel. These companies look for developing blue tech innovators in traditional sectors such as maritime transportation, commercial fisheries, and marine conservation.
Also, these attributes can be adapted to other industries including renewable energy, biotechnology, environmental monitoring, and sustainable aquaculture.
Regarding this initiative, Chris Wolfel, Associate Vice President of Entrepreneurship and Venture Creation, at Northeastern University, stated: "For ocean-based startups, AI isn't just a tool; it's a catalyst for unlocking novel solutions and leveraging the incredibly large amount of data available by monitoring our waters."
Scientist-in-residence from GMRI, a data scientist-in-residence from Northeastern's AI Solutions Hub, and an investor-in-residence from Bold Ocean Ventures will help the participants.
Finally, Blaine Grimes, GMRI's Chief Ventures Officer, explained: "The program is turbocharging blue tech startups for investment success while positioning Maine as a leader in ocean-related artificial intelligence solutions."
"Through this accelerator and other efforts, we aim to bridge the gap between innovative, blue economy businesses and the capital, technical knowledge, and networks needed to help them grow," he concluded.