Past Meetup

BlueTech New England: Innovating Oceans & Waterfronts with Cutting-Edge Tech

This Meetup is past

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Is bluetech the next big tech cluster to launch in Boston? The maritime economy is a significant economic driver in New England.
In Massachusetts alone, it generated a total statewide economic impact of $17.336 billion in output (sales), 135,924 jobs, and $6.839 billion in labor income in 2015. Given the role of this ‘blue economy’ on the region and Greater Boston’s tech prowess, there is a tremendous opportunity to take the lead in innovating oceans and waterfronts.

Venture Cafe presents: BlueTech New England - Bringing Innovative Tech to Oceans and Waterfronts ( http://vencaf.org/bluetech/ )
This is a Free Event and also must Register here : https://www.eventbrite.com/e/bluetech-night-tickets-48652768741

The BlueTech Night event will bring technologists, scientists, startups, corporations, governments and other ocean stakeholders to discuss building this new cluster by applying innovative tech like robotics, sensors, AR / VR and others to improve ocean sustainability, coastal resiliency, and the urban coast’s environmental footprint.

AGENDA AT A GLANCE

4:00 PM – 4:30 PM Introduction to BlueTech
Details coming soon.

4:45 PM – 5:45 PM Opportunities to Innovate in BlueTech
Details coming soon.

6:00 PM – 7:15 PM BlueTech Shark Tank
Are you building innovative tech in robotics, sensors, AR / VR that could be applied to ocean sustainability, coastal resiliency, or improving the urban coast’s environmental footprint?
Apply to pitch investors funding in the BlueTech space.
http://bit.ly/vc-bluetech-pitch18

7:30 PM – 8:30 PM BlueTech Reverse Pitch & Industry Break-Outs
Details coming soon.

Complete details coming soon!

What is BlueTech?
The Blue Economy encompasses the economic and intrinsic values generated in and around the ocean. It includes sectors such as fishing & aquaculture, ports and shipping, offshore energy generation, and ocean science. The OECD estimates the size of the global Blue Economy (excluding offshore oil and gas) to be >$1T.

With nearly 40% of humanity living within 100 km of the ocean, the rise of the global middle class, and a world population moving toward 9 billion, mankind’s demand from and impact on the world’s oceans are becoming more acute.

The Blue Economy sectors outlined below represent areas where focused investment will have both strong economic and societal impact. Increasing global awareness and new policies centered on ocean sustainability, combined with advances in technology and digitization now present a double bottom line opportunity that we call bluetech. Many of these opportunities are a result of applying innovations made for other fields, such as data science, robotics, and service business models, into undercapitalized blue economy industries.

A few statistics can illustrate the opportunity:

90% of all global trade is transported by vessel
~3 billion people depend on seafood as a primary source of protein
Near-term potential for 15 GW of new offshore wind power development off the US East Coast
8M tons/yr of plastic are dumped in the ocean
Ship owners will spend >$50B on new systems for preventing transmission of invasive species
The Ports of LA and Long Beach announced spending of $6-13B to reduce emissions

Given the importance that the blue economy has for humanity, there is now an enormous opportunity for cross fertilization of recent technical advances from adjacent industries. Innovations in areas such as robotics and sensors could be leveraged to improve ocean sustainability, coastal resiliency and the urban coast’s environmental footprint. From data science to VR/AR and materials development, enabling technologies have the potential to revolutionize this sector.