The Ocean Enterprise, or ‘New Blue Economy,’ is a knowledge-driven sector harnessing marine resources for sustainable economic growth. Companies within this cluster focus on innovative solutions to global challenges like food security, climate change, and energy sustainability. COVE’s 2020, 2022, and 2024 reports track the sector’s growth in Canada, highlighting its expanding role in addressing environmental and resource challenges. The 2024 report emphasizes the sector’s increasing innovation, positioning Ocean Enterprise companies as key players in developing sustainable solutions for global issues.