The BlueInvest Day, organised by the European Commission brought together start-ups and investors in the blue economy. It included pitching opportunities, matchmaking and plenary sessions. The recreational boating industry was showcased in several pitches and represented among the many start-ups participating. EBI led this participation as one the showcase organisations selected by the European Commission and was represented with its own stand.
In the plenary sessions, speakers presented the opportunities for public and private funding for the blue economy. Commissioner for Environment, Oceans and Fisheries Virginijus Sinkevičius highlighted the policy dimension, which follows from the European Green Deal. A key part of this is investment in the blue economy that can help the sector to thrive and combine sustainability with business success. This also offers substantial opportunities for companies in the recreational boating industry.
At the BlueInvest Day, the BlueInvest Fund was launched with €75 million equity by the European Commission and European Investment Bank. It will be managed by the European Investment Fund and will provide financing to equity funds that target and support innovation in the blue economy. The condition for funding is that the activity takes place in the marine environment or using marine resources.
The European Commission's BlueInvest platform supports investment readiness and access to finance for early-stage businesses, SMEs and scale-ups. For more information, please consult the BlueInvest Platform here.