Ocean Solutions Accelerator FAQs

DOES SOA PROVIDE STARTUPS WITH FUNDING?

Upon completion of the virtual program, and subsequent due diligence, startups receive a $25,000 USD investment in the form of a  SAFE (Simple Agreement for Future Equity). 

More details regarding SAFE agreements can be found here:

https://en.wikipedia.org/wiki/Simple_agreement_for_future_equity_(SAFE)

DOES SOA TAKE EQUITY IN STARTUPS?

Yes, startups receive $25,000 USD in exchange for equity. Startups will be offered an uncapped SAFE (Simple Agreement for Future Equity). 

More details regarding SAFE agreements can be found here:

https://en.wikipedia.org/wiki/Simple_agreement_for_future_equity_(SAFE)

IS THERE A FEE TO JOIN THE SOA ACCELERATOR PROGRAM?

No, SOA provides startups with support at no additional cost.

WHAT KIND OF SUPPORT CAN I EXPECT TO RECEIVE DURING THE PROGRAM?

Throughout the program, startups receive guidance from SOA’s community as they engage with mentors, partners, and investors to achieve their goals. The accelerator will also present founders with a rigorous curriculum that encourages personal development and executive training. In addition, SOA routinely provides opportunities to gain exposure from our network of social media and connections to industry events.

WHAT KIND OF STARTUPS DOES SOA ACCEPT INTO THE ACCELERATOR PROGRAM?

The ocean is under unprecedented pressure – depleted fisheries, plastic pollution, habitat destruction, and a variety of human activities threaten the economic vitality and ecological stability of the ocean. SOA works with startups building scalable solutions to meet these ocean challenges. If you are building a for-profit startup that has a positive impact on the ocean health then you should apply to our program.

You can see the past startups that we have supported to get a better understanding of what we are looking for.

2018 Cohort (5 startups)

https://www.soalliance.org/startups/2018

2019 Cohort (15 startups)

https://www.soalliance.org/startups/2019

DO I HAVE TO BE FROM THE UNITED STATES TO APPLY?

No, the ocean’s challenges are global problems and we are looking for entrepreneurs from all around the world to join our program.

DO YOU ACCEPT FOUNDERS OF ALL AGES?

There is no restriction on age to apply to our program.

Applications Now Open

Apply Today and Join the Second Wave Cohort of Ocean Entrepreneurs