Oceans of Opportunity: XPRIZE Offers $2M

By Paul Bunje, Senior Director of the Wendy Schmidt Ocean Health XPRIZE
Tuesday, January 07, 2014

The oceans provide a wealth of opportunities that are currently unrealized. From trade and resources to new information services, the number of industries that could capitalize on our oceans is still far too small.

But our oceans also face tremendous challenges. Pollution, over-exploitation and climate change are just a few of the problems conspiring to decimate both ecosystems and industries that rely on our seas.

To tackle the grand challenges facing our oceans, we need to unite the opportunities that exist with the solutions that are needed. This means incentivizing the growth of industries that can utilize our oceans – sustainably. Without the dual approach of long-term sustainability and market-based profit, our ability to both heal our oceans and exponentially grow the profit potential remains stunted.

This is why XPRIZE has launched the Wendy Schmidt Ocean Health XPRIZE. This $2 million dollar competition challenges global innovators to develop accurate and affordable ocean pH sensors to measure ocean acidification. Through the galvanizing force of this XPRIZE, teams will not only develop breakthrough technical solutions to measure ocean chemistry – a critical step in addressing the environmental challenge of ocean acidification–but will provide a solid foundation for new enterprise that will catalyze the growth of new industries.

And from ocean services–an industry based on the data to come from new sensors–to marine technology, there are potentially billions of dollars of opportunity on the table for new enterprises. And a multitude of ocean health solutions are waiting to be discovered.

Join us on this journey. Form a team and compete for the Wendy Schmidt Ocean Health XPRIZE.

Help guide us on future prizes that will create radical ocean breakthroughs for the benefit of humanity. Visit http://oceanhealth.xprize.org/for more information.
 

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

Ennsub Delivers ROV Deployment Systems

Ennsub has completed the design and manufacture of two workclass remotely operated vehicle (WROV) deployment systems for ROVOP, due to be installed into a newbuild

Wärtsilä to Proceed with first LNG Terminal

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Environmental

Royal Caribbean to Install Scrubbers on 19 Ships

Royal Caribbean Cruises Ltd. (RCL) will retrofit 19 of its ships with advanced emissions purification (AEP) systems. These systems, also known as scrubbers, will

NZ Report: Human Error to Blame for Rena Grounding

New Zealand's Transport Accident Investigation Commission (TAIC) published its final report into the grounding of containership Rena in October 2011. The TAIC’s

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

News

EXMAR Orders Second FLNG from Wison

EXMAR NV has placed an order for a second Floating LNG Liquefaction Unit (FLNG) at Wison Offshore & Marine. Under the agreement, Wison will be responsible for the turnkey engineering,

Nicaragua Start China-led Canal to Rival Panama

Nicaragua on Monday broke ground on its Chinese-led $50 billion shipping canal, a massive infrastructure project that aims to rival Panama's waterway and revitalize

Royal Caribbean to Install Scrubbers on 19 Ships

Royal Caribbean Cruises Ltd. (RCL) will retrofit 19 of its ships with advanced emissions purification (AEP) systems. These systems, also known as scrubbers, will

Marine Science

NOAA: US to See More Floods from Sea Level Rise

Most of U.S. coast may see 30 or more days a year of floods up to 2 feet above high tides. By 2050, a majority of U.S. coastal areas are likely to be threatened

Damen Shipyards Galati wins Dutch Romanian Award

Damen Shipyards Galati has been presented with the Dutch Romanian Business Award for its Corporate Social Responsibility plan, particularly the Group’s community investment initiatives.

Lowrance Renews Insight Genesis College Cup

Lowrance®, a world-leading brand in fishing electronics since 1957— announced today the renewal of its Insight Genesis™ College Cup. In its second year, the

Ocean Observation

NOAA: US to See More Floods from Sea Level Rise

Most of U.S. coast may see 30 or more days a year of floods up to 2 feet above high tides. By 2050, a majority of U.S. coastal areas are likely to be threatened

DYT Yacht Transport Carries M/V OCEARCH

The 126-foot research vessel M/V OCEARCH is currently making its way from Port Everglades, Florida to Brisbane, Australia on board DYT Yacht Transport’s semisubmersible

 
 
Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0420 sec (24 req/sec)