Ocean Technology
Among the thousands of businesses based in the province,
Newfoundland and Labrador is home to approximately 45
knowledge-intensive, small- and medium-sized ocean technology
enterprises. They develop innovative ocean technology products
and service for niche markets in Canada, the United States, Europe,
Central and South America and Asia. These companies employ
more than 1,000 people and generate annual revenues of $250
million. These organizations have advanced technical capabilities in
research and development and manufacturing for:
- Engineering and product development
- Ice management
- Marine communications
- Marine geomatics
- Remote sensing
Technology Cluster
The Northeast Avalon region has one of the most sophisticated and comprehensive concentrations of ocean technology organizations anywhere in Canada. For the last several decades, federal and provincial governments have targeted the area for investment in research and development and infrastructure. Academic and technical expertise has expanded quickly. Much of this capability is located in just a few city blocks in St. John’s, forming a unique ocean technology cluster. This active and supportive environment has encouraged successful academic and business interaction that carried the region to a new level of global competitiveness in this sector.
Click Here to learn more about Oceans Advance, an umbrella organization for the public and private interests involved in this exciting sector.
Centres of Excellence
Newfoundland and Labrador’s key ocean technology research and development facilities are internationally known as Centres of Excellence. They are the backbone of the ocean technology community. Located near or within Memorial University of Newfoundland’s St. John’s campus, they provide fundamental research, technology development expertise, industry incubation, testing, training and scientific validation services.
Click Here to learn more about Northeast Avalon’s ocean technology sector.
To support the development of the Ocean Technology Sector, the Province recently released Oceans of Opportunity: Newfoundland and Labrador’s Ocean Technology Strategy, a five-year, $28 million strategy designed to capitalize on opportunities and expand the local ocean technology sector. Key components of the strategy include:
- Ocean Technology Development Fund;
- International Marketing Assistance;
- The Polaris Program;
- Business Incubation; and
- Northwest Atlantic Ocean Observation System Partnership
For more information on the Province's Ocean Technology Strategy and to learn more about the individual funding programs, please click here.