In a world where technological innovation is reshaping everything from transportation to national defense, two powerhouse organizations are teaming up to transform the future of shipbuilding, robotics, and autonomous systems.
Fairlead and New North Ventures are launching a bold new initiative—venture studios that will serve as incubators for cutting-edge startups aimed at solving some of the most complex challenges in the maritime world.
Setting Sail from Virginia’s Innovation Hub
These new venture studios will be headquartered in Hampton Roads, Virginia—an area with a rich history in shipbuilding and a growing presence in high-tech manufacturing.
But this isn’t just about location.
The region will become a launchpad for startups that are developing dual-use technologies—meaning innovations that serve both military and commercial needs.
The goal? To attract bright minds, spark innovative thinking, and build companies from the ground up that can tackle major problems in both defense and the private maritime industry.
Merging Tech and Tradition
The approach these studios are taking blends cutting-edge tech with tried-and-true expertise.
They’ll be tapping into advanced tools like artificial intelligence, digital twins, data analytics, and generative design to modernize model-based manufacturing processes.
This isn’t just about building better ships—it’s about reimagining the entire lifecycle, from design and production to long-term maintenance and upgrades.
And they’re not limiting their focus to one area. These platforms will support both manned and unmanned vessels, covering everything from surface ships to deep-sea submersibles.
Fairlead Brings Deep Industry Roots
Fairlead, known for its shipbuilding and marine technology, is playing a major role in this new venture.
With its corporate venture capital arm leading the charge, the company brings years of real-world experience and engineering know-how to the table.
The leadership team—Jerry Miller, Fred Pasquine, Kevin Morrozoff, and Jim Blom—is steering this effort with a sharp focus on operational excellence and innovation.
New North Ventures: Driving Dual-Use Success
On the investment and strategic side, New North Ventures (NNV) is a perfect fit.
As one of the most respected dual-use venture firms in the U.S., NNV has a solid track record of turning bold ideas into impactful, scalable businesses.
Led by Jeremy Hitchcock, the firm is also recognized as a Department of Defense Small Business Investment Company under the Critical Technology Initiative.
What makes NNV stand out is their ability to not only understand complex government needs but also build startups that thrive in both defense and commercial markets.
They’re not just funding innovation—they’re actively building it from concept to company.
And with Fairlead investing in New North Ventures Fund II, the partnership is even stronger.