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United Nations Department of Economic and Social Affairs Sustainable Development

Neptune: The New Ocean Award

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Philanthropic organization
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#OceanAction40707
    Description
    Description
    OceanExchange.org has a new monetary award of $100,000 USD to be given to one early stage company with a solution for sustainable oceans.

    The Neptune Award of $100,000 USD will be granted through a competitive process to a start up company (either profit or not-for-profit) that meets the following definition and has at least a working prototype. Typical start up definition is: pre-revenue and funded today by grants or friends/family money. We will show some flexibility however for a globally scalable, transformative solution. The applications are examined by a team of experts who select finalists who are invited to present in Savannah, Ga October 8-10, 2017 at the Ocean Exchange event. Expert delegates at the event will vote who receives the $100,000 Neptune Award. The award is funded by Gulfstream (General Dynamics), the Littlejohn Family Foundation, and other corporate and family sponsors.

    Neptune Award Definition:
    Given to the solution that advances our understanding of the ocean and that helps minimize our impact on these resources, even while using them for human benefit, resulting in more resilient bodies of water, including healthy marine life and coastlines.
    Partners
    Ocean Exchange is funded by: Wallenius Wilhelmsen Logistics, Gulfstream (General Dynamics), Oceaneering, Bunge, Southern Company, Georgia Ports Authority, Savannah Economic Development Authority, Littlejohn Family Foundation, and other individuals

    Goal 14

    Conserve and sustainably use the oceans, seas and marine resources for sustainable development

    Goal 14

    14.1

    By 2025, prevent and significantly reduce marine pollution of all kinds, in particular from land-based activities, including marine debris and nutrient pollution

    14.1.1

    (a) Index of coastal eutrophication; and (b) plastic debris density

    14.2

    By 2020, sustainably manage and protect marine and coastal ecosystems to avoid significant adverse impacts, including by strengthening their resilience, and take action for their restoration in order to achieve healthy and productive oceans

    14.2.1

    Number of countries using ecosystem-based approaches to managing marine areas

    14.3

    Minimize and address the impacts of ocean acidification, including through enhanced scientific cooperation at all levels

    14.3.1
    Average marine acidity (pH) measured at agreed suite of representative sampling stations

    14.4

    By 2020, effectively regulate harvesting and end overfishing, illegal, unreported and unregulated fishing and destructive fishing practices and implement science-based management plans, in order to restore fish stocks in the shortest time feasible, at least to levels that can produce maximum sustainable yield as determined by their biological characteristics

    14.4.1
    Proportion of fish stocks within biologically sustainable levels

    14.5

    By 2020, conserve at least 10 per cent of coastal and marine areas, consistent with national and international law and based on the best available scientific information

    14.5.1
    Coverage of protected areas in relation to marine areas

    14.6

    By 2020, prohibit certain forms of fisheries subsidies which contribute to overcapacity and overfishing, eliminate subsidies that contribute to illegal, unreported and unregulated fishing and refrain from introducing new such subsidies, recognizing that appropriate and effective special and differential treatment for developing and least developed countries should be an integral part of the World Trade Organization fisheries subsidies negotiation

    14.6.1

    Degree of implementation of international instruments aiming to combat illegal, unreported and unregulated fishing

    14.7

    By 2030, increase the economic benefits to Small Island developing States and least developed countries from the sustainable use of marine resources, including through sustainable management of fisheries, aquaculture and tourism

    14.7.1

    Sustainable fisheries as a proportion of GDP in small island developing States, least developed countries and all countries

    14.a

    Increase scientific knowledge, develop research capacity and transfer marine technology, taking into account the Intergovernmental Oceanographic Commission Criteria and Guidelines on the Transfer of Marine Technology, in order to improve ocean health and to enhance the contribution of marine biodiversity to the development of developing countries, in particular small island developing States and least developed countries

    14.a.1
    Proportion of total research budget allocated to research in the field of marine technology

    14.b

    Provide access for small-scale artisanal fishers to marine resources and markets

    14.b.1

    Degree of application of a legal/regulatory/policy/institutional framework which recognizes and protects access rights for small‐scale fisheries

    14.c

    Enhance the conservation and sustainable use of oceans and their resources by implementing international law as reflected in United Nations Convention on the Law of the Sea, which provides the legal framework for the conservation and sustainable use of oceans and their resources, as recalled in paragraph 158 of "The future we want"

    14.c.1

    Number of countries making progress in ratifying, accepting and implementing through legal, policy and institutional frameworks, ocean-related instruments that implement international law, as reflected in the United Nations Convention on the Law of the Sea, for the conservation and sustainable use of the oceans and their resources

    Name Description
    14.1 By 2025, prevent and significantly reduce marine pollution of all kinds, in particular from land-based activities, including marine debris and nutrient pollution
    14.2 By 2020, sustainably manage and protect marine and coastal ecosystems to avoid significant adverse impacts, including by strengthening their resilience, and take action for their restoration in order to achieve healthy and productive oceans
    14.3 Minimize and address the impacts of ocean acidification, including through enhanced scientific cooperation at all levels
    14.4 By 2020, effectively regulate harvesting and end overfishing, illegal, unreported and unregulated fishing and destructive fishing practices and implement science-based management plans, in order to restore fish stocks in the shortest time feasible, at least to levels that can produce maximum sustainable yield as determined by their biological characteristics
    14.6 By 2020, prohibit certain forms of fisheries subsidies which contribute to overcapacity and overfishing, eliminate subsidies that contribute to illegal, unreported and unregulated fishing and refrain from introducing new such subsidies, recognizing that appropriate and effective special and differential treatment for developing and least developed countries should be an integral part of the World Trade Organization fisheries subsidies negotiation
    14.7 By 2030, increase the economic benefits to Small Island developing States and least developed countries from the sustainable use of marine resources, including through sustainable management of fisheries, aquaculture and tourism
    14.b Provide access for small-scale artisanal fishers to marine resources and markets
    Award of Neptune Award in 2017
    Financing (in USD)
    100000
    Other, please specify
    Event where finalists can network with executives from business, academia, NGOs, and government
    Title Progress Status Submitted
    Partnership Progress 2018-12-12 On track
    Neptune: The New Ocean Award
    False
    Action Network
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    Timeline
    01 April 2017 (start date)
    01 October 2017 (date of completion)
    Entity
    Ocean Exchange
    SDGs
    Geographical coverage
    Savannah, GA (USA)
    Other beneficiaries
    Awards are given to early stage companies with working prototypes.
    Ocean Basins
    Global
    Communities of Ocean Action
    Marine pollution, Ocean acidification, Marine and coastal ecosystems management, Sustainable fisheries, Sustainable blue economy
    More information
    Countries
    N/A
    Contact Information

    Millicent Pitts, CEO/Executive Director