What is the BlueInvest Project Pipeline?

See our showcase of innovative projects and entrepreneurs who are shaping the Blue Economy.

Projects consist of innovative, scalable and sustainable business ventures from traditional and emerging sectors of the maritime economy.

The graphs below provide an overview of the country distribution, sector, and TRL of projects currently listed in the BlueInvest Project Pipeline.

 

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Selection Criteria:

Your company is EU-based or from an eligible sea basin region (Georgia, Turkey, Ukraine, Moldova, Montenegro, Albania, Bosnia-Herzegovina, North Macedonia, Serbia, Turkey, Israel, Egypt, Tunisia, Algeria, Morocco, Lebanon, Syria, Libya, Mauritania, United Kingdom, or Norway)

Your project TRL is 4 or higher

Your project sector is in one of the 10 blue economy sectors identified for this initiative

Your solution has a clear sustainable impact on the blue economy

Your project is looking for investment

Project Country

Country in which the project is being developed and / or implemented. 

Project Sector

Main blue economy sector the project relates to.

Project TRL

Current technology readiness level of the project. 

Agriloops

At Agriloops, we have developed a breakthrough technology for the shrimp farming market. Based on the principles of the circular economy and combined with various technological building blocks from industry (automation, video monitoring) and digital technology (AI, predictive model), our model allows us to offer our customers a unique product: a local, zero-frozen, zero antibiotic and eco-responsible shrimp!

  • Aquaculture

Company behind project
Agriloops

France

About Us
The co-founders are Jérémie Cognard and Romain Vandame.

Jérémie, an agronomist specialized in plants production and protection first helped the company via his technical expertise as he completed Romain’s work on the aquaculture part. Nowadays as CEO, he mainly manages the subjects linked to financing, commercialization strategy, HR aspects and the functioning of the strategic committee. The different trainings delivered by Agoranov and the advices provided by the strategic committee allowed to be operational promptly on these subjects.

Romain is an agronomist specialized in aquaculture and seafood products valorization. As the CTO, he handles the R&D and production subjects. He manages the team in working in Rennes and supervises the partnerships on technical aspects and intellectual propriety (engineering firms, research collaborations, etc.). He also ensures the daily accountability and the budgets linked to R&D.



Problem we are solving
Fisheries have been at maximum production capacity for almost 30 years. Therefore, the growth in the supply of aquatic products has only been made possible by the rapid and exponential development of aquaculture. Today, seafood from aquaculture production is accounting for more than 50% of global consumption.

However, the vast majority of the production is done in areas that are often very far from the consumption areas, resulting in the transport of these products over thousands of kilometers.
In addition to the GHG emissions caused by this long-distance transport, aquaculture must deal with other crucial environmental issues such as the destruction of the natural environment (mangroves, coastline, etc.) or the degradation of water quality around production sites.

Shrimp is the first species to be produced in aquaculture but it is also considered to be the aquaculture production that faces the greatest environmental and social problems:
- Shrimp farming is the main cause of mangrove deforestation with already more than 1.5 million hectares destroyed in the 2000s.
- A very strong lack of transparency on the origin of shrimps, additives, and antibiotics is to be deplored today with several cases of fraud in recent years.
- Several scandals linked to human trafficking have also been reported.
- Finally, it is also facing major health problems, with significant viral and bacterial infections. Recently, the "white spot" syndrome has caused world production to fall by 30%.
Therefore, we decided to work on aquaponics shrimp farming to offer a local and sustainable alternative in this growing market.

Sustainable Impact on Blue Ecconomy
Agriloops has been the first project to develop saline water industrial aquaponics units, which allow us to breed shrimps and grow vegetables. By this way, we are able to produce high added value seafood and original coproducts. We coproduce a salad mix, cherry tomatoes and aromatics which have a different taste and better nutritional properties, regarding sugar level and vitamin C.
Aquaponics offers the possibility to recycle the effluents of the shrimps into fertilizers for the plants, thanks to a biofilter. It also offers our system a better durability and helps integrating it into a circular economy logic.
Thanks to censors, we are able to monitor every step in order to produce more and in a better way, respectful of the plants and animals. Moreover, we are able to improve continuously our system.

TRL
  • TRL 8 - Actual system completed through test and demonstration

  • Readiness Assistance Beneficiary


Financial Needs30 000 000

Planned Funding Allocation
  • Improve our R&D: 5
  • Sales and Marketing: 3
  • Operations: 18
  • To hire more resources: 14
  • New premises: 60
  • Other, please specify