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.

 

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. 

Ittinsect - Feed for the Ocean

Sustainable, high performance aquaculture feed

  • Aquaculture

Company behind project
Ittinsect - Feed for the Ocean

Italy

About Us
Alessandro is a young entrepreneur pushed by his passion for the ocean in all his career choices. He obtained a Master in naval architecture and marine engineering in the UK while racing internationally on sailboats. In his early career, Alessandro worked in the ship finance sector in Switzerland, and there he realised the huge impact humans are having on the marine environment. He set sail on a 40-day trip to reconnect with the ocean by only using sails to move on a cabinless catamaran and only eating the fish he could catch. There came the idea of replacing all the fish that is caught to produce fishmeal used in the aquaculture industry. Alessandro decided to move back to Rome, his hometown, and establish Ittinsect with a team of young, talented marine biologists and biotechnologists.



Problem we are solving
Farmed fish is among the least impactful sources of animal proteins, as aquaculture is developing towards the most sustainable farming methods. Nevertheless, aquaculture feeds still contain a large quantity of marine-sourced ingredients. This causes two problems:
On one hand, for the environment, because a quarter of all marine-sourced fish is used as a feed ingredient, causing pressure to the already overfished marine areas. On another hand, economic, because fish feeds represent 50% of a fish farmer’s costs. The lack of fishmeal caused a four-fold price increase since 20 years ago.

Sustainable Impact on Blue Ecconomy
Ittinsect is the biotech startup that developed the sustainable alternative to aquaculture feed. Ittinsect produces high performance feeds through the microbiological treatment of novel raw ingredients including insects, microalgae and agricultural by-products, in line with the circular economy principles. With Ittinsect, there is no longer need to catch fish from the marine environment as nutrition for farmed fish.

TRL
  • TRL 7 - System prototype demonstration in a relevant environment



Financial Needs4M€

Planned Funding Allocation
  • Improve our R&D: 38%
  • Sales and Marketing: 12%
  • Operations: 30%
  • To hire more resources: 20%