Ocean Innovation Challenge

Overview   |    The Prize    |    The Criteria    |    The Process    |    Submission

Governments and businesses across the world are increasingly looking to the oceans as a key source of economic growth, job creation and investment. But the hazards of this increased economic activities pose very real threats to the oceans. 

Amidst this conflict, the vision of a ‚Äėblue economy‚Äô emerges, offering a scenario in which economic activity is balanced by responsible investment into the ocean. Yet there is a clear disconnect between reality and this ideal. Traditional businesses dependent on the ocean face squeezed margins at the prospect of funding their transition from conventional business models to blue, sustainable practices. How can profit-seeking entities be incentivized to transform into blue-friendly businesses?

TIME TO INNOVATE

The Ocean Innovation Challenge calls for pioneering minds to offer solutions which actively alleviate this tension between growth and sustainability. We invite scalable, economically viable and environmentally sustainable innovations that strive to create or enhance business practices, industries or technologies that contribute to the long-term health of our ocean. 

If your innovation meets this criteria, submit a 2-minute video proposal for a chance to an expenses paid trip to the World Ocean Summit 2015 and an exclusive Blancpain timepiece, taking place in Cascais, Portugal on June 3rd-5th where you will showcase your innovation to global thought-leaders and practitioners building a blue future. 

The Prize:

  • One complimentary pass to attend World Ocean Summit in Lisbon, Portugal on June 3rd-5th (worth USD 2,500) for each of the three finalists.¬†The pass also includes an economy class return flight and a three-night hotel accommodation.¬†
  • A Blancpain¬†commemorative timepiece will be rewarded to the final winner selected at World Ocean Summit.
  • The opportunity to present the innovation idea to the Summit¬†audience ¬†‚Äď an unrivalled collection¬†of 300 heads of state, global leaders in business and senior officials from intergovernmental¬†organisations
  • Shortlisted entries will be showcased online at World Ocean Summit official website

The Criteria:

  • Entrants may be individuals or companies
  • ‚ÄčEntries will be assessed by The Economist‚Äôs judging panel. Innovations must:¬†
    • Demonstrate inspiring, breakthrough processes or technologies that contribute towards¬†building a sustainable blue economy
    • Be market-ready or near-market with a working prototype
    • Be scalable

Expert judging panel:

The Process:
  • The expert judging panel will review each submission and assess merits based on the outlined¬†criteria¬†
  • The top 3 innovations will be selected as finalists to attend the World Ocean Summit 2015
  • Each innovator will present his/her innovation to a live-judging panel and audience at the¬†Summit, with the panel selecting the ultimate winner
  • Submission deadline: March 13th 2015
  • Announce the top three¬†finalists: April 30th
  • Winner selected: At the World Ocean Summit, June 3rd-5th 2015, Cascais, Portugal

Submission Requirement:

  • All submissions must be in video format which is no longer than 2 minutes in length. Videos may be uploaded or be provided as a link
  • Supporting documents can be submitted but may not be considered in the judging process
  • Submission deadline: March 13th 2015
  • Submit your video using the form below providing your name, job title, organisation, email and¬†telephone
  • By submitting the entry, you agree to the Terms and Conditions.

In cooperation with:

 

The submission has closed. Thank you for your participation.