Millicent Wallace Pitts

CEO/Executive Director,

Millicent Wallace Pitts is the CEO/Executive Director of, a non-profit in its tenth year with the sole mission to help the advancement of innovative solutions that support healthy and sustainable oceans and coastal systems. Ocean Exchange awards two $100,000 non-dilutive grants to start ups with globally scalable solutions that are at least at the working prototype stage. Additionally, Ocean Exchange awards a $10,000 award to a collegiate innovator, a process that has yielded five former finalists in five years that were later named to Forbes 30 Under 30 in their fields.

Millicent was an operating executive for thirty years in the chemical/materials industry with Atlantic Richfield, Rohm & Haas, Engelhard/BASF and with a university-based start-up. She holds an MBA from The Wharton School of the University of Pennsylvania. While at Ocean Exchange she has helped grow a start-up ecosystem with roles as innovation judge at Penn Innovation Day, as a mentor at Clean Tech Open Northeast, as a member of the NOAA sub-committee on the Blue Economy, as a steering committee member of, and as a judge at the DOE/NREL Marine Energy Collegiate Competition.

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