Winner Selection Process

Ocean Exchange’s call for solutions for our three major awards opens each spring, typically in may, and are accepted through a specified date in august. In 2023, more than 175 nominations were received from countries around the world.

The Ocean Exchange Solutions Review Team evaluates the applications and narrows the field to 50 semi-finalists and then to 15 finalists who travel to the Ocean Exchange event to present their solution in person. All finalists companies meet the required Technology Readiness Level (TRL), a method used to measure and assess the maturity of a particular technology. Ocean Exchange also provides a description of the five levels of innovation as part of the Ocean Exchange Award nomination process.

Each finalist for the 2x Neptune Awards and the Wallenius Wilhelmsen Orcelle® Award makes a fifteen-minute presentation to Delegates attending the event, followed by questions from members of the Solutions Review Team. On the final day of the event, each finalist delivers a summary of his/her presentation in a Lightning Round. The Delegates, representing business, academia, government, and non-profits, select the three monetary winners based on their presentations at Ocean Exchange.

Awards were conferred at the conclusion of Ocean Exchange 2023.

Ocean Exchange Profile of Applicants from 2011-2023:

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Ocean Exchange invites you to learn more about Awards Program, our ecosystem and success of our award winners and participants. Together, we can chart a powerful course to help ensure the future of our oceans and the Blue Economy.

Testimonials

“The delegates are a very strategically chosen body of individuals. Virtually everyone who attends Ocean Exchange has the capacity to open doors.”

“When you bring an eclectic mix of highly intelligent, passionate people together, that’s when lightning strikes.”

“Ocean Exchange is entirely different from any of the other organizations that I’m involved in. It is about sustainable innovation. I think it’s also very different in the extremely broad range of stakeholders that it involves.”