The Ocean Resilience Innovation Challenge (ORIC) – Investor Forum 2023
Event Report
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.
In September 2023, ORRAA hosted an Investor Forum in New York City, where potential investors met with innovative entrepreneurs from the Ocean Resilience Innovation Challenge (ORIC). More than 60 people attended to hear about innovative financial products that aim to create more resilient coastal communities, with 10 exciting pitches asking for a total of USD$12m to take their work to the next level. The Forum was made possible, thanks to support from Swiss Re, the Government of Canada, the UK’s Blue Planet Fund, and the United States Department of State.
A detailed report on the Investor Forum is available online here.
