Ocean Risk and Resilience Action Alliance’s aims are to drive $500 million of investment into ocean nature-based solutions and surface at least 50 novel finance products and build the resilience of at least 250 million climate vulnerable coastal people by 2030. To help reach this goal, ORRAA is launching the second Ocean Resilience Innovation Challenge to select and nurture up to six community-led innovative and scalable financial and insurance products that build coastal resilience and reduce ocean risk.
Applicants are encouraged to attend one of the online sessions to meet some of the Challenge assessment team, hear about the experience of previous winners, and ask questions on any aspect of the competition. These sessions will take place on:
These are open Zoom links and all potential applicants are welcome to join. Queries can also be sent at any time to innovation@oceanriskalliance.org.
Applicants must complete and send our application form to innovation@oceanriskalliance.org by 23:59 GMT on 17 December 2021. More details on eligibility, selection criteria, benefits for winners and the Challenge’s process and timelines can be found in our FAQs/Guidelines for Applicants document.
This second wave of the Challenge, launched in partnership with the Swiss Re Foundation and with the support of the UK Government’s Blue Planet Fund, will build on the work done with our first cohort of winners throughout 2021.