Schmidt Marine Technology Partners is a program of the Schmidt Family Foundation that supports the development of ocean technologies with compelling conservation and research applications, as well as strong commercialization potential. We do that by providing scaled funding for development work, and related business support in areas such as legal, accounting, and communications. Our goal is to tailor assistance to the needs of each group to help them move their ideas across the dreaded "Valley of Death" and be ready for a sustainable level of paying contracts, licensing, or more traditional investments.

We created this “venture philanthropy” model to fill an often-fatal gap in support available for the development of ocean technologies, which typically require something beyond traditional grants in order to achieve full potential and availability.  Ultimately, our philanthropic funding, in combination with our market-based approach, helps address complex ocean issues.

We are happy to support academic researchers interested in spinning out a company, a start-up working out of a garage, or anyone else working on an innovative idea with the potential for significant impact. If you are working on an idea that could fit our model, please tell us about it using our proposals portal.  As a starting point, we just need some basic information and a very short description.. If your project falls within our purview, we will contact you for more details. We review applications on a rolling basis, so there are no deadlines. You'll find answers to questions about our funding here

We remain as flexible as possible in the types of projects we support so that we will be able to champion the best ideas wherever they are found. For details on our four primary focus areas, please visit our issues page. We are not currently funding projects related to renewable energy, shipping efficiency, aquaculture, or oil-spill clean up.

We are also dedicated to building opportunities for those working in ocean technology and conservation to become better connected. Our ocean hub page explains more about this side of our work. If you are an individual or organization interested in collaborating with us in fostering a new generation of ocean innovation, or if you'd just like to be added to our events mailing list, please send us a note at