What areas of bluetech does BlueSwell support?

We take a ‘whole ocean’ view, seeking new ideas in areas from ocean-based climate change solutions to technologies that support the implementation of offshore renewable energy, sustainable fisheries and aquaculture, reduction of ocean plastics, cleaner shipping and ports, and coastal resiliency. Your idea must have a clear connection to the ocean.

What company stage(s) are eligible to apply?

BlueSwell is targeting ventures at the concept stage. For instance, a business model innovation that has been well-researched and maybe lightly tested, or a technology coming out of the lab that is looking for a refined business model. We will facilitate, making industry and expert connections to accelerate your value proposition, and help you talk to potential customers to validate your offering.

What types of founders are you seeking for this program?

The BlueSwell Incubator is committed to diversity, equity, and inclusion. We are seeking Founders that are dedicated to launching impactful businesses. There is no specific experience level or background required. We take seriously our responsibility to seek and attract diverse applicants to aid in the expansion of opportunity in the field of bluetech, and are planning our recruitment process accordingly.

Does the BlueSwell program provide funding for startups?

Applicants accepted into the BlueSwell program are eligible for $35k, to be disbursed in 2 tranches, at the beginning and middle of the program, subject to the review of the Founder’s progress by the Steering Committee.

Will there be restrictions on how funding is spent?

No, as long as Founders are meeting their milestones they will receive $35k in grants, to be disbursed in 2 tranches. Founders can spend funding based on their specific needs, where they see best fit. Mentorship and workshops through BlueSwell will help Founders in making financial decisions.

What kind of support can I expect during the program?

The program focuses on supporting Founders through a combination of mentorship and curriculum, including workshops. Mentor meetings will take place on a weekly basis, tailored to the organization’s development. The program will also include Peer presentations and feedback sessions, monthly opportunities to connect with successful bluetech founders, networking events and site visits. All founders will have access to up to 2 coworking seats at the CIC Boston for the length of the program, which comes with a variety of benefits including discounts on AWS, Hubspot, MathWorks, Google Cloud, and Asana. The CIC Boston has stocked community kitchens, unmetered access to conference rooms, enterprise-grade internet services, printing and copying, phones, high-end furniture, operational and technical support, concierge services, perks and wellness offerings, and more.

How long is the program?

This is a 20-week program, planned from Sept 13, 2022 through Feb 17, 2023, with breaks for holidays.

I’ve been working on a technology in a university lab, can I apply?

We believe that there is a lot of innovation in universities and labs that is ripe for commercialization. However, before you apply please make sure that you have the rights to the technology. Typically you will need an agreement with your institution, so please contact your technology transfer office early, as this can take time. Further, the applicant has to have at least one Founder committed full-time to pursue the concept for the entirety of the program period. Academic PIs who would only be part-time and who have not identified a full time co-Founder are discouraged from applying.

What is the selection process?

After the application closes, there will be a downselection period to the Semifinalists. Semifinalists will be asked to pitch in front of the Selection Comittee on July 14th. There are no alternative dates. Finalists will be alerted and additional materials will be requested. The application will then be sent for review by technical and commercial experts, a virtual interview will be scheduled, and references contacted. Applicants will be alerted by early-September if they have been accepted into the program.

Is our team required to be in the Boston area for the duration of the program?

If COVID restrictions allow we aim to run a hybrid program (virtual & in-person). One team member is required to be present in our space at CIC Boston for the in-person curriculum components. Last year, this included one week a month, and more information will be provided as the program start date nears. Teams will have co-working seats at CIC and are encouraged to work there at other times during the program to take advantage of unanticipated opportunities. You are not required to be there every day, so if you need to access equipment or facilities elsewhere, that will not be a problem. If you are accepted into the program, we will work with you to locate the resources you need if you don't already have them.

Do I have to be from the U.S. to apply?

Yes, you must already have the right to work in the US for the length of the program. We will not be sponsoring employment in the US.