We are thrilled to unveil the criteria for entry into the IMO CARES Maritime Technology Global Challenge, which can be found on our newly launched website.
🚢 The challenge is open to companies and organizations worldwide which have market-ready decarbonization technology solutions suitable for use in ports and / or on ships of under 5,000 gt (such as inter-island vessels, port service vessels, and fishing vessels).
💚 While wind, solar, electric, and energy optimization technologies have already been identified as suitable, the challenge is technology neutral. We are open to all technology solutions which are in the competition scope and, encourage companies to tailor their entries to the specific needs of the countries where the solutions will be deployed.
🐋 The chosen technology providers will receive funding ranging from USD 15,000 to USD 30,000 USD to develop a comprehensive technical proposal. Additionally, funds of approximately USD 500,000 may be made available to implement the technical proposals for technology demonstrations in each participating country, under the IMO implemented Global MTCC Network (GMN) project, funded by the European Commission.
✅ Up to four winning technology providers will be chosen by an expert panel to receive funding to create bespoke technical proposals for the implementation of their solutions in specific African and Caribbean countries.