Ocean technology companies – most located in Atlantic Canada – are getting access to a new $35-million fund to help keep the sector afloat during the economic downturn caused by the COVID-19 pandemic.

The Accelerated Oceans Solutions Program is in addition to the Ocean Supercluster, the joint business and federal government program designed to promote innovation in ocean technology.

Individual projects that receive funding under Accelerated Oceans Solutions will be shorter in duration and eligible for less money than the core Ocean Supercluster program, “Technology Leadership.”