Dept. of Commerce FY2023 Ocean-Based Climate Resilience.
FY2023 Ocean-Based Climate Resilience
NOAA’s mission is to understand and predict changes in climate, weather, ocean, and coasts, to share that knowledge and information with others, and to conserve and manage coastal marine ecosystems and resources. The Inflation Reduction Act (IRA) complements the Bipartisan Infrastructure Law (BIL) to provide the largest direct investment to date in our Nation’s coastal resilience. Over 40% of the U.S. population lives in coastal counties, producing more than $9.65 trillion in goods and services and employing 54.6 million people.
Within the Climate Ready Coasts component of the IRA, NOAA will work with partners from multiple sectors in the U.S. coastal and Great Lakes states and territories to help address localized impacts of climate change that would otherwise have an outsized economic and societal impact on the entire nation. The Climate Resilience Accelerators component of the IRA will fund accelerator entities to support businesses navigating commercialization pathways for coastal and ocean-based resilience solutions related to NOAA’s mission to help communities prepare for, adapt to, and build resilience to climate challenges. The accelerators will support entrepreneurs and startups with training, resources, mentorship, and funding to bring ocean-based climate resilience solutions to market. Climate resilience focused start-ups and innovative technologies are critical to the growth of the resilience economy in the United States. Start-ups drive technology development, business model innovation, and job creation. However, the market has not demonstrated the ability to provide sufficient capital, business development services, and entrepreneurial training to early-stage climate resilience-focused companies.
Eligible applicants are US-based, geographically concentrated entities to include the following: a) for-profit organizations, which may include small businesses, corporations, partnerships, and joint ventures, b) academic institutions, including institutions of higher education and NOAA cooperative institutes, c) nonprofit organizations, d) Tribal organizations, e) state, territorial, or local governmental entities, agencies or instrumentalities, or f) Tribal governments or consortia of Tribal governments. Applicants are encouraged to form partnerships, with one accelerator entity serving as the lead and primary applicant.
Total Amount Available:
September 11, 2023
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