BIM Innovation Studio looks for best in aquatech start-ups
The Ireland Strategic Investment Fund (ISIF) has announced a €15 million investment in aquatech accelerator Hatch Blue’s Revolution Fund.
Aquatech is any technology or innovation driving sustainable seafood farming, and it can be applied progressively to the breeding, raising, and harvesting of fish, shellfish, and aquatic plants.
The news comes as Bord Iascaigh Mhara (BIM) opened entries to its Innovation Studio mentoring programme for 2024, which aims to grow Ireland’s €200 million aquatech business, and to position the country as the ‘Silicon Valley’ of the sector.
Now in its seventh year, some 50 projects and companies have completed the Innovation Studio, and have attracted a total investment of around €15 million, creating more than 200 hi-tech jobs.
The BIM Innovation Studio offers opportunities for companies in areas such as pharmaceuticals, marine engineering, genetics, feed additives and artificial intelligence.
Up to 10 successful applicants will be matched with experienced mentors to further develop their business strategy, product or service. They will also have access to a global network of aquaculture technical experts.
“The BIM Aquatech Innovation Studio provides a springboard for aquatech innovations, connecting participants with industry experts, mentors, and investors worldwide,” said Jessica Giannoumis, Hatch Blue’s aquatech community manager for Ireland. “Whether it’s sensor technology, alternative seafood solutions, or water management strategies, this is the ultimate opportunity to refine your aquatech vision.”
Applications for the BIM Innovation Studio are open until 19 July 2024. The BIM Innovation Studio takes place from 1-10 October at the Lee Hotel, Cork City. Several companies will then be selected to pitch at the BIM Aquatech Conference on 11 October where the winner of the BIM aquatech business of the year 2024 will also be announced.
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