Seaweed or macroalgae are aquatic plants that anchor to hard surfaces to grow and are usually found on the ocean floor. Seaweed farming is the fastest growing sector within marine aquaculture with a global market worth of USD 15 billion in 2021 with a CAGR of 7.5% from 2021 to 2028. It is a versatile raw ingredient that can be applied to functional foods, animal feed, biomaterials, personal care products, fertilizers, nutraceuticals, and pharmaceuticals, and even serves as an environmental remediation method. Moreover, it is a carbon-negative crop that has a high potential for climate change mitigation through carbon capture. To go beyond farming at a smallholder scale, there is a need to look at farming at an industrial scale to meet the burgeoning demands in the global market.
Based in Singapore, the technology seeker is a company in the aquaculture sector and they are seeking co-development partners to provide marine engineering expertise to develop a platform for industrial-scale offshore seaweed farming. Preferably, the tech provider should have experience in food production/farming systems on an industrial scale in coastal waters.
Depending on the collaborators’ preference and further negotiations, the modes of partnership that could be considered include R&D collaboration, technology licensing, and IP acquisition. The technology seeker prefers technology owners with a presence and available technical professionals in Singapore to support this pilot project. Overseas-based technology owners would be considered as well on a case-by-case basis.