News release

Province Announces Funding for COVE

Economic Development

The Centre for Ocean Ventures and Entrepreneurship (COVE) will continue to lead the way in the global marine technology sector with $8.5 million in funding from the Province.

Susan Corkum-Greek, Minister of Economic Development, announced the funding today, July 20, at COVE in Dartmouth.

“More and more, the world is realizing Nova Scotia’s potential, and COVE is helping us leverage this potential through its work,” said Minister Corkum-Greek. “This funding will help continue to increase our province’s share of the global marine economy and support innovators to grow successful companies, all while creating jobs here at home for Nova Scotians.”

The five-year funding agreement with the Institute for Ocean Research Enterprise will ensure COVE operations and program delivery continue and better position it for other funding opportunities.

Quotes:

“Over the past few years, Nova Scotia has emerged as a global leader in marine technology. This investment from the Province will ensure COVE and marine innovators can make more timely strategic decisions about the site, services, and programming to advance the marine sector here in Nova Scotia and our impact globally.”

– Melanie Nadeau, CEO, COVE

“COVE, and Nova Scotia’s marine technology ecosystem as a whole, are ready to elevate their role in creating a prosperous and sustainable blue economy. The support for the marine technology industry from the Province of Nova Scotia provides a clear path forward for COVE’s sustained operations and broader ambition for Nova Scotia to become Canada’s marine economy powerhouse.”

– Nick Burchill, Vice-President Mapping and Ocean Science, Americas, Kongsberg Discovery

Quick Facts:

  • COVE was built for marine-related commerce, business development and research
  • the facility is home to more than 65 local and global marine technology businesses, start-ups, researchers and service businesses that support the marine sector
  • COVE plays an important role in helping the Minister of Economic Development fulfill her mandate of attracting and growing innovative, sustainable and green businesses across the province and supporting businesses in reducing emissions.

Additional Resources:

Minister of Economic Development’s mandate letter: https://novascotia.ca/exec_council/letters-2021/ministerial-mandate-letter-2021-ED.pdf

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