Through a partnership with the City of Victoria, the Association of BC Marine Industries (ABCMI) and many private ocean-tech and marine businesses, SIPP is excited to help move this new initiative forward which will help the region realize its potential as a major driver of Canada’s Blue Economy.
Ocean Futures Innovation Hub
“The creation of an Ocean Futures Innovation Hub on Canada’s west coast will assist in the region’s economic recovery through the creation of an eco-system that will help existing and future innovative businesses grow and build their markets nationally and internationally through technological and operational excellence.”
– Alex Rueben, Executive Director of Association of British Columbia Marine Industries (ABCMI)
About the Project
The Ocean Futures Innovation Hub is a response to input from our region’s marine sector to better enable large companies to address issues through innovation, and smaller companies to develop and grow alongside one another. The Hub, once established, will be a center for solving tough challenges faced by our marine industry and allow companies in Greater Victoria and on Canada’s west coast to pursue major opportunities related to the global ocean and marine space.
“Along with providing shared resources, a space for collaboration and educational events, the Ocean Futures Innovation Hub is an accelerator and incubator, offering critical business resources and mentorship needed for early-stage companies to grow,”
– Julie Angus, CEO of Open Ocean Robotics
The Hub will align with both federal and provincial economic and sustainability priorities. It will deliver the four pillars of Canada’s Grow West Strategy: Build a broader economy; Seize global opportunities; Talent for the new economy; Connected innovation and growth.
For more inspiration, read the guiding thoughts from the project’s working group here: Vision for an Ocean Hub and an Ocean Cluster
- A working group was established in early 2020 to shape the concept and submit an application to Western Economic Diversification Canada. SIPP and partners announced the successful application in September 2020 through a $100,000 contribution from WD and $20,000 from the City of Victoria.
- Also announced in September 2020, a team comprised of Urban Systems, Hatch and Engage//Innovate of Norway has been contracted to develop the business plan for the Hub, including its operation model, space parameters and funding options. This plan will be released in late 2020.
- On October 6th and 7th, 2020, the working group along with project consultants hosted a two-day workshop with 95 participants. The workshop was designed to capture details to inform the operating model and overall direction of the hub. More information will be released soon on the results of the workshop.
This page will be updated as the Ocean Futures Innovation Hub continues to move forward.
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