Welcome to the Newsroom

In the newsroom, you will find the latest updates on the BlueInvest initiative: useful videos to expand your knowledge, success stories, insights on our pasts and upcoming events and much more!  

 

BlueInvest was launched in 2019 with the aim to facilitate access to finance and support investment readiness for early stage businesses, SMEs and scale ups in the blue economy. The platform …

  • Supports investment readiness and access to finance for innovative start-ups, SMEs, and scale-ups in the blue economy.
  • Provides a market path through technical assistance, visibility, matchmaking and network- and opportunity-building for investors and companies.
  • Guides investors to specialize their investment strategies into blue economy related areas and to maximize their related investments.
  • Fosters a community and investment ecosystem to help finance the go-to-market and scale-up and to fuel the transition to more sustainable finance and impact investment.

 

SUCCESS STORIES

80+ beneficiaries had qualified introductions to investors
50+ beneficiaries secured investment
96.5% satisfaction rate
 
Read more  on the BlueInvest beneficiaries and their success stories here below. 
Want to be the next one? Apply to BlueInvest Readiness Assistance or Fundraising Assistance.
 
 

BiOceanOr: Revolutionising aquaculture with AI and BlueInvest

Success stories

BiOceanOr’s team of 20, from data scientists and biologists to fish farmers and software engineers.

© BiOceanOr

 

Leveraging expertise in artificial intelligence (AI) and marine biology, BiOceanOr, a French start-up, is using AI technologies to help manage water quality and promote sustainable practices. They have developed AquaREAL, a unique service predicting water quality. Their mission is to deliver bio-guided services that optimise fish welfare and growth, while supporting sustainable aquaculture practices.

 

I am delighted by the invaluable support from BlueInvest for our fundraising efforts, which has substantially enhanced our brand visibility.” said Samuel Dupont, CEO and co-founder.

 

Thanks to BlueInvest support, the start-up successfully raised its first round of funding in June 2023, amounting to €2,5 million.

 

The journey towards aquaculture innovation

Starting from its roots in oyster farming, BiOceanOr’s has expanded their sales range to diverse aquaculture products, including salmon, seabass, bream, tilapia, shrimp and algae. However, as they secured contracts with major French water companies like VEOLIA, concerns arose regarding the environmental impact of their operations.

Driven to minimise their ecological footprint and mitigate potential repercussions for both downstream and fellow aquaculture enterprises, BiOceanOr set their sights on developing a tool that would ensure safe, environmental-friendly and efficient operations at farm level.

To address the data gap, BiOceanOr embarked on creating a digital solution to advance aquaculture. Going beyond simple monitoring, their innovation aimed to offer real-time insights and AI-powered analytics. This empowers aquaculture producers to foresee environmental shifts and proactively manage risks.

 

Real-time data from an underwater weather station

BiOceanOr’s AquaREAL water quality assistant provides real-time data for farmers and customers. The tool predicts crucial water quality parameters such as dissolved oxygen levels and assesses their impact on production and the marine environment.

Their innovation can work with different types of sensors and monitoring devices. It benefits aquaculture by enhancing downstream applications, boosting fish growth, and ensuring fish welfare. Furthermore, it aids water utilities in managing wastewater discharge and optimising pumping operations in the watershed.

 

BiOceanOr’s solution AquaReal gives real-time data about the water quality parameters.

© BiOceanOr

 

BlueInvest in action

BlueInvest has played an important role in BiOceanOr's journey. The programme provided them with valuable guidance and connected them with partners across Europe. Through pitching and coaching sessions, they were able to gain insights from experienced members of the BlueInvest community. In particular, the programme's support and visibility have been crucial for BiOceanOr in attracting new investors, clients, and partners.

Samuel Dupont, CEO and co-founder, acknowledges the value of BlueInvest support in fostering financial partnerships. The investment raised during its first round of funding (€2,5 million) will fuel the expansion of the company's activities in the salmon farming industry, particularly focusing on water quality prediction to mitigate risks and delivering actionable insights for production optimisation.

Furthermore, BiOceanOr has recently announced its collaboration with ScaleAQ Software, a major player in the tech-aquaculture industry. Together, they aim to improve fish farming by offering fish farmers unrivalled digital services through reference integration platforms.

 

About BlueInvest

BlueInvest is an EU initiative that aims to boost innovation and investment in sustainable technologies for the blue economy. It offers assistance to access financing for early-stage businesses, SMEs and scale-ups. BlueInvest is enabled by the European Maritime and Fisheries Fund.

BlueInvest Readiness Assistance is an exclusive coaching programme. It targets high potential EU startups and SMEs with innovative and sustainable products and solutions for the blue economy. Businesses and projects selected for Investment Readiness Assistance will receive coaching packages tailored to their readiness levels and business objectives. The programme is impact-driven, with a clear focus on providing business support to help startups and SMEs build capacities for growth and attract investment.

Discover more about BlueInvest on the Maritime Forum. For any questions, reach out to us at lu-blueinvest@pwc.lu.

 

More information

Website: BiOceanOr

Social media: LinkedIn

BiOceanOr
 

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OTHER BLUE NEWS

 

EUSPA funding scheme grant

EUSPA has published a new Fundamental Elements funding scheme grant to support the integration of Galileo High Accuracy Service (HAS) in maritime positioning and/or navigation solutions. 

The Galileo HAS-enabled Maritime receiver Call for Proposals aims at designing, developing, testing and demonstrating a GNSS positioning/navigation solution, integrating Galileo HAS receiver, suitable to be embedded within the vessel navigation equipment.

Deadline for submission to the call: Friday, September 20, 2024 - 23:59 CEST.

You can read more about this opportunity at the EUSPA pages.

 

 

Oceanovation Festival - 21-22 June 2023

 

Innovation and technology are the cornerstones of a blue economy, and Europe is leading the way. A thriving Blue economy promises to bring innumerable benefits through the financing of projects and investments with a focus on marine innovation and circular economy solutions. This is why Blue Invest is a supporting partner of OCEANOVATION Festival taking place in The Hague on 21-22 June.

The Festival will bring together 350+ innovative founders, investors, corporates, and forward-thinking minds in the ocean space to identify, implement and scale the technologies we need to grow the blue economy in a sustainable way. As part of the Blue Invest network, you will be able to attend 2 days of workshops and engaging conversation with a 40% discount on the ticket. Take part in the different civities offered during the event such as a Founders program, dedicated Investor Program, Pitch on The Beach, Industry Workshops, and unlimited networking opportunities.

More information here

 

Protecting and Monitoring the Ocean - the Nordics

BlueInvest is partnering up with Ocean Autonomy Cluster for the seminar “Protecting and Monitoring the Ocean - the Nordics” taking place on 03 May in Clarion Brattøra and online.

Experts, innovators, and industry leaders will gather to discuss the current state and prospects of the blue economy in the Nordic region.

The session "Solutions looking for a problem - Entrepreneurs" is available for online participation. Register here.

The other parts of the event are by invitation only. Any questions can be addressed to Ocean Autonomy Cluster.

Programme and more information here.

 

Innovation Fund third small-scale call for projects

The third Innovation Fund small-scale call for projects was launched on 30 March 2023 with a budget of EUR 100 million for projects with a total capital cost between EUR 2.5 million and below EUR 7.5 million, it will be open for projects submissions until 19 September 2023, 17:00 Brussels time.

On 20 April, the European Climate, Infrastructure and Environment Executive Agency (CINEA) and the European Commission's DG Climate Action are organising an Info Day to present the call.

Registration and information here.

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Discover the Black Sea Assistance Mechanism

BlueInvest and the Black Sea Assistance Mechanism are collaborating to provide market pathways for sustainable and innovative technologies at different stages of formation.

The Black Sea Assistance Mechanism offers participating countries practical support to help meet the blue economy goals of the Common Maritime Agenda for the Black Sea.

The focus is on facilitating awareness and capacity of local and regional stakeholders by providing the Black Sea community with expertise on the blue economy, a network across borders on both shores to help project leaders find the right partners, as well as support with project idea development and share funding opportunities.

 

BlueInvest and the Black Sea Assistance Mechanism are collaborating to provide market pathways for sustainable and innovative technologies at different stages of formation.

The Black Sea Assistance Mechanism offers participating countries practical support to help meet the blue economy goals of the Common Maritime Agenda for the Black Sea.

The focus is on facilitating awareness and capacity of local and regional stakeholders by providing the Black Sea community with expertise on the blue economy, a network across borders on both shores to help project leaders find the right partners, as well as support with project idea development and share funding opportunities.