The Biden-Harris administration has allocated $3.9 million to the Marine Technology Society (MTS), supporting it to establish a multi-year framework for the Ocean Enterprise initiative.
The financing decision is part of President Biden’s Investing in America agenda, with the aim of promoting the growth and development of the ocean-related industry in the country.
The Ocean Enterprise is a community of different entities, including public, private, non-profit, tribal, and academic organizations. These organizations are vital in collecting and providing ocean observation, measurement, and forecasting data, as well as delivering operational ocean information products and services.
This initiative builds upon the Dialogues with Industry program, which was launched in 2022 by the Marine Technology Society, the Global Ocean Observing System (GOOS)/UNESCO, and the National Oceanic and Atmospheric Administration (NOAA).
The investment represents the first step in the MTS Ocean Enterprise Initiative, which is an effort that aims to promote collaboration and knowledge sharing within the ocean enterprise community.
The main goal of this project is to support the National Oceanic and Atmospheric Administration in defining the requirements of the Ocean Enterprise and identifying new market opportunities.
The MTS will collaborate with NOAA to gather recommendations from the global Ocean Enterprise community. These recommendations will then be translated into actionable plans, roadmaps, and needs assessments.
By stimulating public-private dialogues, the Biden-Harris administration aims to advance coastal and ocean climate resistance as well as workforce development.
These partnerships play a crucial role in providing essential services and support to various marine environmental management activities and economic sectors, including offshore energy, shipping, and coastal resilience.
The purpose of this investment is to bring the ocean sector’s public and private interests together more closely and emphasize potential future opportunities for working together and collaborating across various fields.