Nodal Institute: IIT Madras

Theme Overview

The blue economy represents sustainable utilization of ocean resources for economic growth, improved livelihoods, and ocean ecosystem health. India’s vast coastline, maritime heritage, and growing recognition of ocean potential create significant opportunities for innovations in marine technology, sustainable fisheries, renewable energy, maritime transport, and ocean conservation. This theme will encompass technologies that harness ocean resources responsibly from offshore renewable energy and aquaculture to marine biotechnology and ocean cleanup solutions among others. The focus includes both traditional maritime industries enhanced by technology and emerging blue economy sectors that balance economic development with environmental sustainability.

Representative Focus Area of Ventures operating in the Domain  

• Offshore renewable energy system developers (wind, wave, tidal)
• Sustainable aquaculture and fisheries technology companies
• Marine biotechnology and blue pharmaceuticals developers
• Ocean monitoring and marine data collection service providers
• Maritime logistics and port technology solution companies
• Ocean cleanup and marine pollution control technology providers

*Representative examples, not limited to these

Short Summary

Blue Economy showcases sustainable ocean resource utilization from renewable energy to marine biotechnology. Open to offshore energy developers, aquaculture technology companies, and marine conservation solution providers. TRL 3 to 9 technologies balancing economic growth with ocean sustainability are encouraged.