Countries like Iceland and Norway demonstrate a deep-rooted and vibrant ocean-entrepreneur ecosystem
A region with a strong culture of ocean innovation is one that has a large number of ocean-entrepreneur support organisations relative to its population size. This would imply a high concentration of innovators seeking support within a particular area served by the support organisation.
While the United States has the greatest number of ecosystem organisations, on a per capita basis it is dwarfed by Iceland, Norway, Singapore and Finland. With so many ocean start-up support organisations for their population, it suggests that there are many entrepreneurs in that region seeking their services. Monaco, with its small population and single ocean-support organisation appears on the chart as an outlier.
Strong ocean cultures are appealing for startups, especially for those that need to build their human and social capital.