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. 

Sundew

Combatting aquatic pests, diseases & invasive spp.

  • Blue biotechnology

Company behind project
Sundew

Denmark

About Us
Significant track record in bringing fermentation based products to market, including for example Nootkatone, a natural product which has been approved by the US EPA for repelling ticks. Also have previously built several life science companies from foundation to exit (trade sale or IPO). Previous companies include Pfizer, Dako Cytomation, Pharmacia, Carlsberg. Previous ventures include Evolva, BIAcore, Biotage, Topotarget


Problem we are solving
Existing products for controlling aquatic pests tend to rely on old-fashioned chemistries, and are both lacking in effectiveness and environmentally damaging. Often there is no solution at all.

Using modern biology we provide effective, affordable solutions that are also environmentally benign, in that they are specific to the target pest or disease, and do not persist in the environment, degrading to harmless components

Sustainable Impact on Blue Ecconomy
Its effective, affordable and environmentally benign. Unlike existing products it neither harms the fish that its protecting, nor the human operators

TRL
  • TRL 9 - Actual system proven through successful mission operations



Financial Needs€5 million to reach profitability. Potentially up to an additional €5 million if ramp rate to be accelerated (primarily by accelerating application development and regulatory)

Planned Funding Allocation
  • Improve our R&D: 25%
  • Sales and Marketing: 25%
  • Operations: 15%
  • Other, please specify: Production 35%