Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Schmidt Marine Technology Partners awards $1.5 million to reduce coastal pollution

ImpactAlpha, July 22Three startups and a university will receive the funds over two years to advance their solutions addressing pollution from agricultural and wastewater run-off, a major driver of algae blooms and dead zones.

The Schmidt Family Foundation launched the program in 2015 to support and scale technologies addressing ocean health. 

The winners of the Coastal Pollution Challenge are: San Francisco-based Mango Materials, which makes a biodegradable plastic alternative that can be used to remove nitrogen from the coastal waters; Takachar in Berkeley, Calif., a producer of   inexpensive biochar; Station C, a Cambridge-based startup developing a low-cost optical nitrogen sensor; and a project out of Northeastern University that is creating simple, 3D printed nitrogen sensors.

The inaugural Coastal Pollution Challenge drew 70 applications from across the country. 

Water Detox: Why KKR is investing in wastewater treatment to manage ‘nutrients’

“Coastal pollution–everything from wastewater to torrents of plastics to nitrogen – is flooding our ocean and destroying its fragile and valuable ecosystems,” said Schmidt Marine Technology Partners’ and Schmidt Family Foundation’s Wendy Schmidt in announcing the winners. “We created this challenge to encourage and identify innovative solutions that reduce a critical component of that pollution, and to invest in their development so they can be brought to market and scale.”

You might also like...