Frequently Asked Questions
What types of projects does Schmidt Marine support?
Schmidt Marine funds the development of novel technologies for ocean conservation and research. For details, please visit What We Fund.
With what types of organizations does Schmidt Marine work?
Our focus is on helping great ideas for ocean technologies make it out into the world. In that pursuit, we’re happy to work with everyone from academics working at universities, to non-profit organizations, to fledgling or established companies. For later-stage commercial projects we also work closely with the Schmidt Family Foundation’s investment program.
What is Schmidt Marine’s intellectual property and equity policy?
Schmidt Marine does not make any claim on the intellectual property of the groups it supports. We fund primarily early-stage development of new technologies through grants and do not take any equity stake in exchange for this support. We also work closely with the foundation’s investment team, which can support later-stage development using a variety of tools, and the terms of such investments are negotiated individually. Our primary interest is in making technologies as widely available as possible, so we are also more than open to exploring open source models.
How can I apply for funding?
We accept admissions on a rolling basis. To begin the proposal process we ask that you send us some basic information and a very short initial description of your project at our Proposal Portal. If your proposal is a potential fit for us, we will follow up for additional information, including a more detailed proposal. We try to keep the process as simple as possible, so we’re happy to use proposals prepared for other purposes. We send proposals out for external review to our advisory panel, and relevant experts.
What percentage of the applications that Schmidt Marine reviews does it ultimately support?
Schmidt Marine has supported roughly 10% of the projects it has reviewed to date.
How developed does my technology need to be to seek funding?
We are happy to consider technologies in any development stage, but are most focused on early-stage development. We cannot support basic scientific research.
Who supports Schmidt Marine?
Schmidt Marine is part of the Schmidt Family Foundation, created by Eric and Wendy Schmidt.