Blue Oasis Technology LDA (BOTL) is building the world's first Ocean Backbone platform. BOTL, a B-Corporation based in Portugal, designs, builds, and deploys customized engineered reefs for habitat restoration, coastal protection, fisheries and aquaculture enhancement and tourism.
BOTL is also developing a variety of Big Ocean Data hardware and software applications ("BluBoxx") through various partnerships to tap into the Ocean Backbone solution, harnesses big ocean data for improved marine research, and coastal management.
The European Commission together with the European Investment Fund, linked to the European Green Deal (with significant ambitions in the area of decarbonization, circularity, biodiversity and zero pollution) is funding the Blue Economy. During 2021, through various programs, a total of EUR 300 million is expected to flow into the Blue Economy. This leaves BOLT in an excellent position to benefit from the funding.
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Currently a variety of commercial opportunities are either in the bid stage or offers being prepared. Among those the EU Steers proposal of EUR 12 million in engineered reef structures plus BluBoxx solutions, EUR 100 thousand scuba reef solution for Pulau Rawa Indonesia and an EUR 2.5 million project for the Autonomous Region of Madeira focused on fish stock re-population and scuba tourism.
Awarded the BCorp accreditation as start-up (pre-listing for 12 months, converting into permanent after that). B Lab certification is a third-party standard requiring companies to meet social sustainability and environmental performance standards, meet accountability standards, and be transparent to the public according to the score they receive on the assessment. B Lab certification applies to the whole company across all product lines and issue areas.
Received the EU PIC registration enabling us to participate in European Union funded ocean projects. The Blue Economy deals with all economic activities related to oceans, seas and coasts, in the marine environment (e.g. fisheries, shipping, energy generation) and on land (e.g. ports, aquaculture).