About Ocean Exchange
OceanExchange.org is a 501c3 with the sole mission to help advance the adoption of solutions in the field of sustainability. We seek solutions with working prototypes that reduce waste and the use of nature’s resources while increasing productivity and respecting cultures around the world.
The Ocean Exchange mission is executed in two parts. In our eight-year history, we have aggregated solutions via a competitive process whereby $1.5 million has been given in non-dilutive grants to startups as seed funding, typically at the pre-revenue stage. We are agnostic about geography and form of solution, where we see devices, materials, processes, and systems. Finalists and winners in those eight years now have significant accomplishments on their road to commercialization: exit strategy completed for initial investors via acquisition by Boeing, IPO on Swedish NASDAQ, large equity-based crowd-funding in the cleantech space, award of significant contract by HUD for post-Sandy remediation in Raritan Bay/Staten Island as examples of success stories.
We also have a collegiate award, the Broward College Innovation Award, now in year five. Our year one collegiate award winner was named as a Forbes 30 Under 30 in Energy. In addition to cash awards, we open our large ecosystem to all who compete to help connect them to business, government, or financial market resources that can move them along the path to commercialization.
Ocean Exchange is largely sponsor funded by Gulfstream (General Dynamics), Wallenius Wilhelmsen, the Marine Research Hub, Oceaneering, and others.
Ocean Exchange hosts an annual event each fall where at least ten finalists pitch, competing for one of two $100,000 cash awards. Presentations are done in front of 100-150 hand-selected delegates from business, government, and academia who vote who receives the awards. At this same event, eight collegiate finalists pitch for the $10,000 Broward College Innovation Award.