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Report

Teaser, summary, work performed and final results

Periodic Reporting for period 1 - OpenOceanFC (The Open Ocean Fish Cage)

Teaser

Summary

Blue Farm attempts to enable the fish farming industry to move their production from todayâ€™s protected inshore ocean space to harsh weather conditions of the open ocean. This is important to increase production in fish farms. Present fish farm cages rely on sheltered waters, such as islands or fjords, and many of the best sheltered areas are allready fully utilised. Allowing us to move production offshore will open new areas to fish farming, giving the world a larger source of resources efficient protein-rich Food.

This feasability study has plannet marketability and a pilot for our solution. This is done through four tasks, and a summary:
1) Planning construction of the fish cage.
2) Planning operation of the cish cage
3) IPR strategy
4) Market, competitors and pricing.
5) Summary and conclusions of business plan.

Work performed

1) Planning construction of the fish cage.
Have done high-level calculations for construction of a pilot in cooperation with subcontractors. This include both the concrete elements, the fish net and operations.

2) Planning operation of the fish cage.
We got a cooperation with a fish farmer, and have been in Close dialogue with the government about a license to operate (and are in the final stages). The subtask we specified on metocean data was done by the Fish farmer we cooperate With.

3) IPR strategy
We made a report on several new areas to patent. So far we have to approved patents.

4) Market, competitors and pricing.
ROI was calculated, and we did a marketing strategy of our product.

5) Summary and conclusions of business plan.
Our summary concluded that we need some more time before we start a phase 2 pilot, as we need to wait for a government License and further financial committment from the fish farmer.

Final results

In the project we did a feasability study that covered the the marketability and planning of a pilot for our solution. Our fish cage has capabilities well beyond present fish cages, and includes innovative patent-protected designs allowing low-cost construction of offshore fish cages. At the same time, the fish cage was developed before the start of the project. This project helped reduce the barrier to commercialising the fish cage. The core impact of the project lies in helping to commercialise the innovation, and through this helping to open up the vast offshore ocean space to aquaculture.