EU Blue Champion

We are proud to announce that Monday 13.05.24 ECOsubsea was unveiled as one of 20 EU Blue Champions by the Commission and European Investment Bank (EIB) in Luxemburg!

We are grateful and humble for this recognition, and will keep striving on our mission towards delivering sustainable hull cleaning globally and accelerating the shipping industry’s green transformation.

Read the whole article here: https://oceans-and-fisheries.ec.europa.eu/news/eu-blue-champions-unveiled-20-companies-will-receive-advisory-support-grow-their-business-2024-05-13_en

Innovative companies serving the ocean

Following an open call for proposal launched in 2023, 70 projects from the EU and from European Economic Area (EEA) countries submitted their applications for the newly created Blue Champions scheme.

All applications underwent rigorous evaluation by more than two dozen of sector experts and loan officers, who assessed whether the projects were:

• aligned with the EU Mission “Restore our Ocean and Waters”

• likely to be profitable

• meeting the required quality standards

• mature enough and displayed the type of technology required.

Each of the 20 EU Blue Champions awarded today meets these requirements. All companies are technologically and financially mature enough to scale up their business over the next two years. In addition, all of them are in line with the EU Mission on ocean and waters, meaning that they set out to either restore marine and freshwater ecosystems and biodiversity, prevent and eliminate pollution, or decarbonise the blue economy.

The winners will receive advisory support from the European Investment Bank Advisory Services and the European Investment Bank Projects Directorate for Innovation and Competitiveness. Some of the winners might also qualify for EIB venture debt, a type of loan designed specifically for early-stage, high-growth companies.