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The NEW Blue Economy

Marine Science and Data Analytics are two of the target industries in St. Petersburg (learn more at Grow Smarter).  These areas have always been intertwined but they are converging in deeper and unique ways under the NEW Blue Economy.  The NEW Blue Economy is “a knowledge-based economy, looking to the sea not just for extraction of material goods, but for data and information to address societal challenges and inspire their solutions” according to Dr. Richard Spinrad (EOS.org).  The traditional blue economy developed around tangible resources (e.g., food and fossil fuel production) and critical services (e.g., shipping, coastal tourism). Data was often nothing more than a supporting function.

In the future, the role of data, information, and related disruptive technologies will be critical.  The ability to acquire, transform and interpret data will drive policies, sustainability efforts, new business ventures, and more.  The Innovation District is fortunate to have academics, government and private industry partners already embracing the NEW Blue Economy.  The potential is tremendous!  Stay tuned for future updates on how the District and its partners are making strategic plans to further the NEW Blue Economy

From the SPID June 2022 Newsletter

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Over the last few months I have used this space in the newsletter to create a picture of what it takes to foster innovation. November 2023 newsletter: Innovation is a team sport. It requires diverse perspectives and experiences to find a creative solutions. It requires courage to try things out and be willing to learn what won’t work as much as what will work. It requires tenacity to keep going and going and going.

May 23, 2024
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Thank you to Johns Hopkins All Children's Hospital (JHACH) for sponsoring and hosting our inaugural Morning Sparks: Innovation X-change breakfast. The event was kicked off by Alicia Schulhof, President of JHACH, and followed by an overview of the topic - Artificial Intelligence - by Dr. John Licato of USF's Advanced Machine and Human Reasoning Lab.

May 23, 2024
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Kudos to the Volunteers of America Florida, City of St. Petersburg, and Pinellas County for the recent opening of the new downtown apartments, located in the Innovation District called Innovare. Innovare’s 50 apartments provide stable homes for individuals and families who earn 60 percent or less of the Area’s Median Income (AMI), including many who are transitioning from homelessness.