The federal government has provided $100,000 in funding to help kickstart a plan to make Victoria a centre for innovative marine businesses. The funds will be used by the South Island Prosperity Partnership, the City of Victoria and the Association of B.C. Marine Industries to develop a business case and complete a feasibility study for the Ocean Futures Innovation Hub. The goal of the Ocean Futures Innovation Hub is to bring together marine companies of all sizes to share resources, provide mentorship to marine startups and act as an incubator for growth.