In 2020, Department of Energy partnered with EDA to provide $4 million in funding to pilot the Industry Challenge, which supports entrepreneurship and accelerate company growth within the Blue Economy for the FY20 cycle.
The FY20 Industry Challenge awarded grants to organizations that:
supported commercialization of blue economy technologies;
improved competitiveness of these startups;
increased connectivity and collaboration between these stakeholders; and
leveraged the blue economy to support innovation and job creation.