ABSTRACT
Oceans and coasts provide the majority of the world’s ecosystem benefits and much of the private sector is dependent on ocean and coastal resources, services and space. Business and industry is recognizing and responding to sustainable development and ocean and coastal issues are increasingly a part of this. A private sector network on oceans and coasts is proposed as a mechanism to ensure information exchange and interaction on the sustainable development of these areas within the private sector. A business incubator is a business that provides advice, equipment, temporary premises, or other facilities to those starting up a business and lacking in capital. Small business incubation centres have a long tradition in the US, and they are incrementally used by international donors and local funding sources to promote private sector and micro-enterprises in the developing countries. Ocean investment is attracted to vibrant maritime destinations that offer a wide variety of facilities and services.
