Royal Caribbean Group Launches 'Port Partners' in Seward, Alaska with Inaugural Small Business Accelerator Program

Rhea-AI Summary

Royal Caribbean Group (NYSE: RCL) has launched its inaugural 'Port Partners' business accelerator program in Seward, Alaska, demonstrating its commitment to supporting local communities. The program offers a comprehensive 10-week educational curriculum, mentorship opportunities, and culminates in a pitch competition with a $20,000 grant for the winning entrepreneur.

Key features include collaboration with the Alaska Vocational Technical Center (AVTEC), University of Alaska System, and local partners. The program runs from February 2026, with applications open until December 15, 2025. Successful participants will receive 3 academic credits upon completion. This initiative is part of RCL's broader 'SEA the Future' program, focusing on economic development and community impact in port destinations.

Positive

• Launch of new community development initiative supporting local entrepreneurs
• Significant $20,000 grant opportunity for winning business pitch
• Partnership with established educational institutions (AVTEC and University of Alaska)
• Academic credit opportunities for program participants

Negative

• None.

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The program is representative of the company's efforts to better support local community partners and is aimed at empowering entrepreneurs through educational curriculum, mentorship, and a $20,000 grant

SEWARD, Alaska, Oct. 1, 2025 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL), a global vacation leader that is redefining the future of vacations, has launched an inaugural business accelerator program in the coastal community of Seward, Alaska, unveiling its first initiative in its 'Port Partners' program. Aimed at empowering aspiring entrepreneurs, the robust project entails a 10-week academic course, personalized mentorship and coaching, and an interactive pitch competition culminating in a $20,000 grant awarded to one standout participant to help make their business dream a reality. Port Partners is a new bespoke initiative dedicated to serving destinations the company visits around the world, collaboratively partnering with on-the-ground stakeholders to invest in economic development, community impact, and environmental protection.

Embodying the 'Energizing Communities' pillar of its SEA the Future program, this first Port Partners effort offers an exciting, challenging, and rewarding experience that will uplift future entrepreneurs in Seward.

Residents of Seward who are interested in growing their innovative concept – whether in the ideation phase or in early operational stages – are welcome to apply. Details were unveiled at The Seward Chamber of CommerceSmall Business Appreciation Event, held in celebration of Alaska Entrepreneurship Week. Key partners included the Alaska Vocational Technical Center (AVTEC), a division of the Alaska Department of Labor and Workforce Development; the University of Alaska System; the Seward Small Business Development Center; and the City of Seward. Applications are now open to prospective candidates through December 15, 2025. Those selected will be notified in January 2026, with the program starting in February 2026.

Taught by an AVTEC instructor over a 10-week period, the educational curriculum will provide an in-depth understanding of small business creation and development, with a focus on key fundamentals to prepare for a successful launch. Participants will be paired with successful local entrepreneurs in intimate mentorship sessions to gather lessons learned, career highlights, and advice. Both AVTEC and the University of Alaska system are actively developing a pathway for 3 credits to go to course participants upon completion. The cohort will pitch their idea to a panel of Seward leaders for the opportunity to win a $20,000 grant to kickstart their business.

"Port Partners reflects our deep dedication and gratitude to the people of Seward and other coastal communities, where small business innovation lies at the heart of economic development," said Preston Carnahan, Vice President, Destination Development, West Coast, Royal Caribbean Group. "Port Partners is more than just a business accelerator - it's an opportunity to make people's dreams a reality. This program is only possible with the time and effort generously given by AVTEC, City of Seward, the University of Alaska system, Seward Chamber of Commerce and additional partners."

"As Alaska's statewide postsecondary vocational training center, AVTEC is proud to partner with Royal Caribbean Group and other community leaders on the Port Partners program," said Cory Ortiz, Ph.D., Director of AVTEC. "Strong partnerships like this are vital to building opportunity in Seward and across Alaska. By combining education, mentorship, and real-world support, we're helping local entrepreneurs transform their ideas into businesses that will strengthen our community and create lasting economic impact."

"The University of Alaska is proud to support the Port Partners program in collaboration with Royal Caribbean Group, AVTEC, and other partners in Seward," said Teri Cothren, associate vice president of Workforce Development, University of Alaska. "By creating pathways that connect education with entrepreneurship, we are ensuring Alaskans have the skills, resources, and opportunities to establish and grow businesses that contribute to their local and state economy."

For information on the program, visit PortPartners.com.

See how we're energizing communities across the world in our mission to vacation responsibly with the SEA The Future program.

Follow our Port Partners journey on Royal Caribbean Group's social channels and look out for new initiatives to empower the communities we visit.

LinkedIn: Royal Caribbean Group

Facebook: Royal Caribbean Group

X/Twitter: @RoyalCaribbeanGroup

About Royal Caribbean Group

Royal Caribbean Group (NYSE: RCL) is a vacation industry leader with a global fleet of 68 ships across its five brands traveling to all seven continents. With a mission to deliver the best vacations responsibly, Royal Caribbean Group serves millions of guests each year through its portfolio of best-in-class brands, including Royal Caribbean, Celebrity Cruises, and Silversea; and an expanding portfolio of land-based vacation experiences through Perfect Day at CocoCay and Royal Beach Club collection. The company also owns 50% of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. With a rich history of innovating, Royal Caribbean Group continually delivers exciting new products and guest experiences that help shape the future of leisure travel. Learn more at royalcaribbeangroup.com or rclinvestor.com.

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SOURCE Royal Caribbean Group

FAQ

What is Royal Caribbean's Port Partners program in Seward, Alaska?

Port Partners is a 10-week business accelerator program offering educational curriculum, mentorship, and a $20,000 grant opportunity for local entrepreneurs in Seward, Alaska.

When can entrepreneurs apply for RCL's Seward business accelerator program?

Applications are open through December 15, 2025, with selected participants notified in January 2026 and the program starting in February 2026.

What benefits do participants receive in Royal Caribbean's Port Partners program?

Participants receive 10 weeks of business education, mentorship from successful local entrepreneurs, potential for 3 academic credits, and the chance to win a $20,000 grant.

Who are the key partners in RCL's Seward business accelerator initiative?

Key partners include AVTEC, the University of Alaska System, Seward Small Business Development Center, and the City of Seward.

How does the Port Partners program align with Royal Caribbean's broader initiatives?

The program is part of RCL's 'SEA the Future' program, specifically under the 'Energizing Communities' pillar, focusing on economic development and community impact in port destinations.