Item No.              6k
Date of Meeting       August 11, 2020

Maritime Blue/Port of Seattle Partnership
Promoting Economic Recovery through Maritime Innovation

Advancing Maritime Innovation
Seeking authorization for
to execute contract with
Maritime Blue to advance
maritime economic
development initiatives
Seeking competitive
waiver for $300,000 twoyear
contract

2

Advancing Maritime Blue Partnership
Agreement will specifically:
Advance another maritime business accelerator
program (2nd round);
Support development of a prioritized strategic plan
and budget for 2021-2022; and
Support Blue Forums and events that advance the
State's Blue Economy strategy (including
greenhouse gas reduction).
3

Maritime Blue Partnership Results
Developed maritime              "Ientered this Accelerator program as a
marine biologist trying to do something
accelerator                         good for the environment and muddling
along as a businesswoman trying to make
Completed analysis of             that happen.
maritime industry funding
gaps (and funding sources          As a result of this [Maritime Blue}
Accelerator program, I now have goals, a
Supported Port's Maritime          growth strategy, know what my value
proposition is and how to digitally market
Innovation Center                  that  to  highlight  my  competitive
Worked to reduce maritime         advantage".
greenhouse gases                 Nicole Baker
Net Your Problem

44

Appendix

5

Success: Maritime Blue Innovation Accelerator
Four-month program
taking no equity.
Diverse stages and
sectors.
Mentors from business
development and
maritime/ocean.
Attracting diverse
funding and capital;
public, debt, equity, VC,
Impacts, grants, etc
6

Success: Capital Landscape Study & Maritime Industry Funding Portal
Study showed there is a
particular need for early-stage
capital.
Venture Capital is NOT seeking
out Maritime.
Clusters, incubators, &
accelerators can create vetted
and supported pipelines of new
deals
Resulted in A searchable
database portal that lists
funding sources and
opportunities for maritime
companies
.
7

Success: Advancing the Youth Maritime Collaborative
MB administers the Youth Maritime Collaborative initiative and implement programs
that increase access to maritime career pathways for youth of color and girls
MB developed YMC's organizational capacity:
Completed 2020 operational plan, budget and milestones
Developed a resource database for maritime youth workforce development
Secured further funding for YMC activities
Placed 19 students into "Launch 206" summer internships with private maritime
companies
Goodwill designed and implemented Equity Training for the maritime
employers hosting interns
City of Seattle funding internship program for college bound students with
interest in STEM and Maritime
8

Reducing Maritime Greenhouse Gas Emissions
Maritime Blue has worked collaboratively
with the Port and other stakeholders to
reduce greenhouse gas emissions:
NW Ports Clean Air Strategy Update
Seattle Harbor electrification planning
Industry engagement and Demonstration
Project management
Digital solutions for efficiency
Technology standardization
Infrastructure improvements


9

Industry Members




Organizational                                                                                              Research
Partners                                     A Strategic Alliance for                               Institutions
Maritime Innovation and Sustainability
A partnership to implement Washington State's Strategy for the
Blue Economy - a thriving maritime economy, a healthy ocean &
marine environment, equitable & resilient communities.
Public Partners

Funding Facts and Figures
Projected 2020-21 Revenue
2018-20 Revenue



Membership/Sponsorship 8.4%  Program Revenue 5.5%                               Membership/Sponsorship 10%  Program Revenue (JIPs) 7.7%
Philanthropy 0%                Events .9%                                             Philantropy 7.7%               Events 6.4 %
Federal 39.3%                  State 25.9%                                            Federal 31%                   State 18%
Local (incl PoS) 25.2%                                                                          Local (incl. PoS) 19%
Total Revenues 1.5 years = $1.27M                                Annual Budget = $1.94M
Port Funding = $300,000                                  Port Funding (projected) = $250,000
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Maritime Blue Partnership
Based on our Memorandum of Understanding the following priorities have been
established for partnership with Maritime Blue over the next year:
o advance second round of maritime innovation accelerator program
o Expand Youth Maritime Collaborative career connected learning initiative
o Collaborate on greenhouse gas reduction initiatives that positively impact Port operations
o Diversify funding sources and develop strategic plan for MB Board development
MB will be in second year of funding to administer Youth Maritime Collaborative
initiative ($100,000)
Economic Development Division is recommending authorization/execution of
$150,000 to support accelerator program and MB organizational development
o Seeking authorization of new contract at August 11th Commission meeting

Memorandum of Understanding and subsequent Port service contracts have cemented a productive partnership    12