Reported by Container News
The Port of San Diego Board of Port Commissioners has approved a new Blue Economy Incubator pilot project with Ocean Ecostructures, a startup that has developed biodiversity regeneration technology designed to enhance marine life on human-made ocean structures.
The agreement marks the 15th pilot project launched by the BEI since its establishment in 2016 as a launching pad for sustainable, ocean-based technology ventures.
The two-year pilot project will be deployed across multiple locations throughout San Diego Bay and monitored for effectiveness, with the aim of enhancing biodiversity at port infrastructure without disrupting daily operations.
The agreement is capped at US$ 208,000 in exchange for royalties on future gross revenues of up to US$ 1.25 million.
Ocean Ecostructures has previously deployed its technology across Europe and the Middle East, and the San Diego collaboration marks an important milestone in the company’s expansion into the US market.
