BLUE BIO VALUE OPENS APPLICATIONS PERIOD FOR ITS SECOND EDITION
The Oceano Azul Foundation and the Calouste Gulbenkian Foundation announce the opening of the second edition of the Blue Bio Value Acceleration Program. The application period runs until June 21st and the entrepreneurs can submit their projects at www.bluebiovalue.pt.
The initiative aims to attract projects and ideas that represent a business opportunity along the chain of marine biological resources, with an emphasis on marine biotechnology, contributing to the development of sustainable products and services with a positive impact on the conservation of the ocean.
The program aims to provide the resources and support to empower new businesses linked to the blue bioeconomy to succeed and bring their innovations to Portugal, a country with access to unequalled marine biodiversity, infrastructures and scientific knowledge necessary to develop projects that revolutionize the sustainability of the ocean.
In addition to financial support, up to € 7,500 for foreign program participants and € 3,750 for Portuguese participants, the startups that stand out most during the acceleration will receive a prize of up to € 45,000 to use in the development of their projects.
In its first edition, the Blue Bio Value program hosted and accelerated 13 companies from six nationalities that acquired business management skills and received guidance from more than 40 mentors over a period of eight sessions. Of the 13 projects, three companies (one Dutch and two Portuguese) rose up as standout participants for the program.
“The Blue Bio Value program has allowed us to better understand our strategy and business model. In addition, it gave us positive exposure to potential collaborators and investors, “said Radi Hamidjaja, Dutch scientist at the Hoekmine project, one of the distinguished startups in the first edition of Blue Bio Value.