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Can Venture Philanthropy Close the Critical BlueTech Funding Gap?
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When you think about GOOGLE, ocean innovation may be the last thing that comes to mind. But Former Google CEO Eric Schmidt and his wife Wendy have been great friends to the ocean and climate, pouring millions into the sector through their Schmidt Family Foundation.
Our guest today is Mark Schrope. He is the Director of Schmidt Marine Technology Partners, an offshoot of the Schmidt Family Foundation. Schmidt Marine Technology Partners is dedicated to what they call “venture philanthropy” in the marine sector. In other words, without taking equity, they fill an important funding gap in marine innovation that we’ve heard about in many prior episodes. When traditional VCs and grants aren’t available, they can step in. And they do.
Mark Schrope
Schmidt Family Foundation
Schmidt Marine Technology Partners
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I'd like to thank our sponsors:
Gulf of Maine Research Institute and Bold Ocean Ventures have partnered to create a mission-driven venture capital fund, supporting the growth of innovative, sustainable ocean-related businesses.
Startup Marin Skincare has rocketed thanks to products made with Maine-lobster-derived glycoprotein that work on eczema and dry skin. Former guest on our show and co-Founder Patrick Breeding is offering listeners a 20% discount on their skincare products. Type HAPPYPLANET into the coupon code field!
Spark No. 9, ensures that companies - and startups - have successful product launches by testing their products online. Remove the guesswork before you launch!
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