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. 

Algdeha Biotechnology

We create sustainable algae based solutions.

  • Blue biotechnology

Company behind project
Algdeha Biotechnology


About Us
Our team consists of 4 people. Mehmet Can and Selin in our team know each other from university and both have graduated from the genetics department. Selin's studies in the laboratory enabled her to carry out technical and R&D studies with Mehmet Can. On the other hand, Mehmet Can and Mert are high school friends and they carry out technical and feasibility studies together. The last member of our team, Hayriye, met Mehmet Can in a competition between startups and accelerated our work on entrepreneurship as they were familiar with the entrepreneurship ecosystem.

Problem we are solving
Due to the hunting pressure, we put on the oceans, the number of fish we have caught from the ocean has been constant since 1990 and their health gets worse via toxic metals and microplastic accumulation day by day. To meet the increasing demand, the aquaculture industry has shifted to farm fishing and it has become the fastest growing food sector since the 90s with 10% growth per year but we are feeding farm fish with wild fish to mimic wildlife and get desired nutritional value which is not a sustainable way to eat fish for the next 15 years.

Sustainable Impact on Blue Ecconomy
We developed a unique method that combines heterotrophic and our patented photosynthetic floating system. Heterotrophic production enables us to grow algae faster while the photosynthetic part of production which takes place on the sea surface allows us to use wave energy for mixing, heat generation via sea surface and taking light from the sun thus reducing production cost for mixing, heating and lighting. As a result of this unique production, our algae with rich nutritional value is replaceable with fish flour and fish oil easily.

  • TRL 5 - Component validation in relevant environment

Financial Needs€208.144

Planned Funding Allocation
  • Improve our R&D: 60
  • Sales and Marketing: 29
  • Operations: 11