The Ocean Startup Project has launched its latest Ocean Startup Challenge, inviting early-stage entrepreneurs to turn ideas into real-world impact by developing innovative solutions to ocean challenges.

The 2025 Challenge will support up to 15 early-stage Canadian startups (Technology Readiness Level 6 or lower) with up to $25,000 in non-dilutive funding, mentorship from industry experts, and comprehensive ecosystem support. It is open to science- and technology-based ventures working to solve pressing ocean problems.

“By investing in the development of early-stage entrepreneurs and building a thriving ecosystem, we’re not only creating world-class companies, we’re accelerating real solutions that protect ocean health, support sustainable industries, and power a stronger blue economy for Canada and the world,” said Natasha Legay, Ocean Challenge Director at Ocean Startup Project on LinkedIn.

Since launching in 2020, the Ocean Startup Project has helped innovators catalyze over $38 million in non-dilutive funding, more than $30 million in equity investment, and create more than 330 jobs across Canada, the group said.

Applications are open through July 20.

For more information on eligibility, upcoming information sessions or tips for submitting a strong application, visit here.