Government of Canada invests in creation of inclusive, online coast to coast to coast resource.
The global blue economy is forecasted to reach a value of $3 trillion (USD) by 2030. Canada’s ocean industries stand to benefit greatly from this growth. To help capture an inclusive, pan-Canadian picture of the private enterprise, research and educational institutions, and innovation ecosystem stakeholders in this country’s ocean economy, the Ocean Technology Alliance Canada (OTAC) with delivery partner OceansAdvance, is leading the development of a digital ocean asset map and database.
OTAC has contracted Triware Technologies Inc., to lead the research, validation and categorization of stakeholders in key ocean sectors including, but not limited to, oil and gas, fisheries, aquaculture, ocean sensing, ocean mapping, underwater acoustics, and supply and service. The result will be a searchable database of Canada’s private, public and non-government ocean ecosystem, housed on Canada’s Ocean Supercluster’s website.
The Government of Canada, through the Atlantic Canada Opportunities Agency (ACOA), is making a non-repayable investment of $250,000 in this initiative.
The Honourable Seamus O’Regan, Minister of Indigenous Services and Member of Parliament for St. John’s South—Mount Pearl, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA, made the announcement today.
Economic growth and the creation of good jobs for Atlantic Canadians require innovation and diversification. Support for this project is one way the Government of Canada is growing the innovation economy by working to sustain strategic clusters, and enhance the development and reach of business accelerators and incubators. Projects like this also contribute to the Atlantic Growth Strategy outcome of long-term economic prosperity in the region.
“The forecasted growth in the global blue economy represents great opportunity for our country and the Government of Canada is working hard to ensure we are not just part of that growth, but that we lead it. Our investment in Canada’s Ocean Supercluster and in projects like the Ocean Technology Alliance Canada’s inclusive, digital, pan-Canadian asset map, help strengthen our ocean capacity and set us up for continued success at home and abroad.”