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The Ocean Resilience Innovation Challenge (ORIC) is a crucial component of ORRAA’s platform to build a pipeline of investable projects. It is driven from the ground-up, with projects delivering a genuine impact in local communities, while also mitigating ocean and climate risk. Drawing on the multi-sector expertise of our members and partners, the Challenge surfaces, grows and scales promising solutions, acting as a catalyst to accelerate both locally led innovation and investment to protect the Ocean and the communities whose lives and livelihoods depend on it.

Our mission is to build the resilience of 250 million climate vulnerable coastal people by 2030, by deploying at least USD$500 million of investment into coastal and ocean resilience through the development of at least 50 novel finance and insurance products.
The Ocean Risk and Resilience Action Alliance (“ORRAA” or the “Alliance”) is the only multi-stakeholder convenor connecting the international finance and insurance sectors, governments, non-profits and stakeholders from the Global South focused on driving financial innovations to deliver a sustainable and equitable blue economy and more resilient coastal communities.