Two men deploy a towed camera system from a research vessel at sea. Photo Credit: NOAA/NMFS

Today, 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.

“To tackle the urgent threat that climate change poses, we need all hands on deck — that means the public and private sectors — to develop next generation technologies and innovations that will bolster climate resilience and protect our future,” said U.S. Secretary of Commerce Gina Raimondo. “Thanks to President Biden’s Investing in America agenda, we are ensuring that America’s small businesses — the backbone of our economy — are part of developing climate solutions that make our communities healthier and local economies stronger.”

Read more about this story here, or more about this funding opportunity here.