Firm Overview

Blue Innovation Fund invests in Founder to Seed stage startups re-imagining the Blue Economy (Oceans, Fisheries and Maritime). The fund will invest in venture scale businesses able to have a significant positive impact on sustainability and climate change in these sectors.

Reflecting the growing awareness of the interconnectedness between ocean ecosystems and humans, a healthy, sustainability focused Blue Economy needs to play a critical role in restoring ecological balance while creating jobs. Startups will play a key role in this transition. However, Blue Economy startups have historically struggled to scale, slowing the flow of capital to and speed of impact in the space. Our solution is a unique collaboration between a sector specific accelerator (with deep industry and sector knowledge) a global cluster (companies willing to mentor and pilot sustainable technologies), and experienced portfolio managers (who have selected and built high quality portfolio's.) Specifically, the fund managers will select and invest 25% of the fund into 24 high impact venture scale innovations for the Maritime Blue Accelerator, each one supported and nurtured by cluster members. The remaining 75% will be deployed into discretionary Blue Economy investments and follow-ons.

Blue Innovation Fund is differentiated in three important ways. First, our partnership with Maritime Blue brings a unique competitive advantage. Maritime Blue spent several years building a “cluster” of over 130 companies, community partners and government agencies active in oceans, fisheries and maritime at the global, national, regional, and local level.  Leveraging this cluster, Maritime Blue is the only US-based organization capable of delivering a Blue Economy Accelerator experience providing not just mentoring, but direct collaboration with industry and defined pathways to industry pilots and first customers. Second, the Blue Innovation Fund partners have over 25 years of combined experience successfully investing in early stage startups via well known and respected funds, both inside and outside the Blue Economy sector. Third, our sector-based approach to identifying opportunities combined with our global network of co-investors, domain experts and entrepreneurs has created a unique deal engine that pro-actively identifies high quality opportunities.