ABSTRACT
The synthesis of established and growing industries at sea is covered by the overarching label of the Blue Economy. Traditionally this has been split into two subsectors, the marine and maritime sectors. A good knowledge of the lifecycle stages and performance of these sectors provides a promising starting point for the creation of new business models. It also gives a complete image of the potential synergies and barriers that may arise between different economic sectors. Funding is provided by the founders, business angels and innovation grants. First commercial projects are delivered which may not be profitable but do generate revenue. Confidence in the business builds with each successive project and the structure changes from innovation to delivery. Policy and regulation affect the Blue Economy industries most directly in the consenting procedures which are adopted for the licensing of new developments.
