Ocean resilience innovation challenge
Challenge
ORRAA is looking for innovative and scalable finance and insurance products that drive investment in coastal natural capital and increase resilience while delivering a return on investment. The initiatives must also reduce ocean risk for the most vulnerable, include a focus on gender, equity and human rights, and protect biodiversity.
It is calling for proposals from individual organisations or consortiums across the public and private sectors, local civil society, international NGOs and academia. Both experienced implementers as well as start-ups, hubs and accelerators from the Global North and South are encouraged to apply. ORRAA will rigorously assess all entries to the Challenge based on criteria including viability, innovativeness, scale of impact and equity. Winners will be selected by the end of the calendar year and announced in early 2021.
Our ocean is changing faster than at any time in human history, with wide-ranging implications for coastal infrastructure, ecosystems and the lives and livelihoods of billions of people. The Ocean Risk and Resilience Action Alliance (ORRAA) is launching an Ocean Resilience Innovation Challenge to surface finance and insurance innovations that build coastal resilience to ocean-derived risks.
How to apply
Applicants must complete and send the application form to innovation@oceanriskalliance.org by 23:59 GMT on 27 November 2020 (Deadline extended from 20 November).
More details on eligibility, selection criteria, benefits for winners and the Challenge’s process and timelines can be found in our Guidelines for Applicants document.
ORRAA hosted two sessions for applicants on 28 October. Please use the links below to watch recordings of the sessions, or send us any additional questions by emailing innovation@
Webinar 1: Wednesday 28th October 09:00 GMT
Webinar 2: Wednesday 28th October 16:00 GMT