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weekly updates from oceanovation
🌊 Seaweed-based packaging pioneer Notpla has raised £20 million in a Series A+ round.
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🌊 The U.S. Department of Energy (DOE) is providing $16.7 million for 25 hydropower and marine energy projects.
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​​​​​​🌊 India’s Directorate General of Shipping has partnered with Lloyd's Register to establish the Indian Ocean Centre of Excellence for Sustainable Maritime Transport (IOCE-SMarT) in Mumbai.
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🌊 Global demand for seafood is projected to more than double by 2050, driven by population growth and evolving trade patterns. However, funding for aquatic foodtech startups is struggling, with just $150 million raised in the first half of 2024 across 18 deals, marking a 40% drop from 2023.
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🌊 Researchers warn that deep-sea mining could cause irreversible damage to marine ecosystems, and there is still no scientific consensus on its long-term impacts.
🌊 Katapult Ocean has invested in Open Ocean Robotics for its 2024 Accelerator Program, designed for high-impact ocean-tech companies.
🌊 Berlin-based Vyld has secured a seven-figure seed round to launch Kelpon, the world’s first tampon made from seaweed, this year.
🌊 The European Commission has launched a €5.7 million call for proposals under the European Maritime Fisheries and Aquaculture Fund (EMFAF) to support regenerative ocean farming and algae innovation projects.
