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. 


With SPADE we fill up the voids in remote sensing data

  • Aquaculture

Company behind project


About Us
The founder Michele Grassi has a Ph.D. in mathematics from the University of California, Los Angeles and a post-doc from MSRI in Berkeley, California. He went on for a while in academia, and in 2005 he moved to fund his first startup.
Mathclick is his third high tech startup.

Problem we are solving
Data coming from sensors deployed in remote (aquatic) locations is seldom good quality: there are often missing sections, and the quality is not costant.
This limits the usability of the data, and forces the data user to go back to the remote site for more data, possibly adding more sensors or placing higher quality (and cost) ones.

Sustainable Impact on Blue Ecconomy
Using AI, and data from other sources like the Copernicus satellites, we can improve the quality of data coming from remote aquatic locations.

  • TRL 8 - Actual system completed through test and demonstration

  • Readiness Assistance Beneficiary

Financial NeedsWe are looking for an equity investment of 200.000€ to speed up development and market uptake.

Planned Funding Allocation
  • Improve our R&D: 30
  • Sales and Marketing: 70