Ocean Startup Project has announced 22 participating teams have been accepted into the second year of the Lab2Market Oceans program, which aims to produce commercial applications for academic research.

Lab2Market Oceans teams comprise researchers from academic institutions, as well as faculty supervisors and industry mentors. The teams work with instructors who provide feedback and coaching during the seven-week program, which includes a training bootcamp, five weeks of customer discovery, and technical and business development workshops. Each team also receives $15,000 in financial support.

The Lab2Market programing is overseen by the Ocean Startup Project, a collaborative group that works with bluetech companies across the region, complementing existing industry accelerators, incubators, and other support organizations.

“It is really exciting for Canada’s ocean sector to see so many teams coming together to commercialize ocean research,” Don Grant, Executive Director at the Ocean Startup Project, said in a statement.

“We’re seeing so much momentum in the ocean sector, including having some of last year’s Lab2Market Oceans founders on our 2021 Ocean Startup Challenge shortlist."

This year’s recruitment process led to a 45 percent increase in overall applications, along with a 50 percent increase in women faculty leads, almost doubling last year’s numbers, the statement said.

Students from Memorial, Dalhousie, Saint Mary’s, University of New Brunswick, McGill, Ontario Tech, York University, University of Alberta, and University of Lethbridge are participating in this cohort.

The teams are innovating sustainable solutions across all ocean sectors with research spanning marine oil spill management, microplastic sensors, and vaccines for fish and seafood waste recycling technology

Memorial University is thrilled to once again host the national Lab2Market Oceans program in partnership with the Ocean Startup Project. With more than 40 percent of our research related to oceans, Memorial is at the forefront of ocean innovation and ready to develop highly skilled entrepreneurs in this growing sector,” said Dr. Paula Mendonça, Director of Innovation and Entrepreneurship with Memorial’s Technology Transfer and Commercialization Office.

The teams in the 2021 Lab2Market Oceans are:

University of Lethbridge, Allos Bio-Sensor

Memorial University, Antioxidant Alternative

York University, Bioinspired Unconventional Decontamination (BUD)

University of Alberta, Cold Spray

Memorial University, Compound Connect Microplastics

McGill University, Crustacean Upcycle

Memorial University, Fish Vaccines

Memorial University, Green Crab Products

University of Alberta, In-situ Sensor

Memorial University, Magnetic Particles

Memorial University, Ocean Wave Energy

Memorial University, Oil-eating Fungus

Dalhousie University, QUOREM

Saint Mary’s University, ReCircle

Memorial University, Salmon Collagen

Dalhousie University, Scient

Memorial University, Sea Cage Impact

Memorial University, Sea Ice Monitoring

University of New Brunswick, Seabed Mapping

University of Alberta, Smart Building

Ontario Tech, Wastewater System

Memorial University, Wind Predict

The Lab2Market program is developed and led by Dalhousie, Memorial, Ryerson, and the University of Manitoba. Supporters include the Atlantic Canada Opportunities Agency (ACOA), FedDev, Western Economic Diversification Canada (WD), and Mitacs.

Lab2Market Oceans involves original supporters, with additional funding or support from Canada's Ocean Supercluster, the Ocean Startup Project, and Springboard Atlantic.