Hawaii says Aloha! to marine aquaculture

Alex Whitebrook/ November 16, 2018/ News/ 0 comments

Partnership to raise Hawaii’s global visibility in marine aquaculture

The University of Hawaiʻi and state agencies have formed a partnership to raise Hawaii’s global visibility in marine aquaculture and to capitalize on the commercial opportunities available worldwide.

The partners are the Hawaii Strategic Development Corporation (HSDC), University of Hawaiʻi, UH Ventures, LLC and Natural Energy Laboratory of Hawaii Authority (NELHA).

“The establishment of a Hawaii aquaculture accelerator and a related investment fund is an effort to demonstrate the state’s commitment to developing Hawaii’s commercial aquaculture industry and to focus entrepreneur and investor interest on Hawaii as a location for globally relevant aquaculture companies,” said HSDC President Karl Fooks, in a press release.

“The initiative will also be focused on attracting investor capital and a follow-on fund for aquaculture in Hawaii to develop technical and intellectual property that can benefit a global industry.”

According to UH Vice President for Research and Innovation Vassilis L. Syrmos, the initiative will provide proof-of-concept and commercialization services to start-ups in Hawaii’s aquaculture cluster.

“It is critical that we work together to promote innovation as a new economic growth engine that will spark new industry technologies, maintain our competitiveness and generate new high-wage job opportunities for our students,” said Syrmos.

“The project will build upon our existing regional strengths in aquaculture research, including programs at UH Mānoa’s College of Tropical Agriculture and Human Resources, UH Hilo’s Pacific Aquaculture and Coastal Resources Center and the UH Sea Grant College Program, which have been focused on advancing long-term sustainable use and conservation of coastal areas worldwide through aquaculture and resource management for many years.”

The partnership seeks to create a facility and program at NELHA, using the world-class facilities to attract entrepreneurs in startups, help them get into the market and find a commercial space for their project.

Read more HERE.

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