FY2023 Ocean-Based Climate Resilience – Open Applications!

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Biden-Harris Administration announces $60 million to create a climate resilience accelerator program and support small businesses through Investing in America agenda

The Department of Commerce and NOAA are launching the Ocean-Based Climate Resilience Accelerators program, a $60 million investment in coastal resilience and American small businesses through President Biden’s Investing in America agenda. The program, funded by the Inflation Reduction Act, will foster public-private partnerships to help support small businesses that are developing sustainable technologies geared toward climate resilience to attract capital, mature their technologies and scale their business models for climate impact.

The program is a two-phase competitive funding opportunity. Phase one, open for applications through September 11, 2023, will fund selected projects with up to $250,000 per project for accelerator program design. The second phase of the competition will invite all applicants selected in phase one to apply for funding of up to $10 million each to implement their program design.

The Notice of Funding Opportunity can be found here. Additional information is available on the U.S. IOOS^🄬 website, and includes forthcoming details on a public webinar for potential applicants. NOAA is working hard to implement the Inflation Reduction Act to build climate resilience across the nation.