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Fishtimator

Continual Acoustic Based Multifunctional Cage Mounted Fish estimator Deigned To Reduce Feed Waste, Fish Mortality, and Predator and Fish Escape Control

Total Cost €

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EC-Contrib. €

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Partnership

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 Outcomes and results

 Fishtimator project word cloud

Explore the words cloud of the Fishtimator project. It provides you a very rough idea of what is the project "Fishtimator" about.

rate    monitoring    recruit    carry    clinch    farmers    un    customers    farming    predictive    anomalies    cage    ed    feed    strategy    recommended    175billion    unreliable    search    compound    otaq    aquaculture    matches    thieves    model    leader    estimation    food    reduce    sold    faced    farms    total    fishstimator    depletion    operation    intellectual    solution    2022    property    profitable    16    predator    harvesting    26    pans    intended    84m    aquatic    pricing    2030    acoustic    match    feeding    biomass    mortality    operability    natural    escape    validate    5    cages    demand    grading    unbalanced    provision    fish    data    5m    50    environment    annual    industry    technologies    13    3    amount    predators    ocean    months    waste    market    billion    estimator    revenue    finalise    close    62    deal    structure    prototype    plan    permanent    24    fisheries    weight    leased    tools    alone    hindered    business    accurate    giving    operations    global    envisage    size    eliminated    2020    period    dev    sea   

Project "Fishtimator" data sheet

The following table provides information about the project.

Coordinator		 OTAQ LIMITED 

Organization address
address: St Vincent Street 145
city: GLASGOW
postcode: G2 5JF
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.
 Coordinator Country United Kingdom [UK]
 Project website http://www.fishstimator.eu
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
2. H2020-EU.3.2. (SOCIETAL CHALLENGES - Food security, sustainable agriculture and forestry, marine, maritime and inland water research, and the bioeconomy)
 Code Call H2020-SMEINST-1-2015
 Funding Scheme SME-1
 Starting year 2015
 Duration (year-month-day) from 2015-07-01   to  2015-12-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    OTAQ LIMITED UK (GLASGOW) coordinator 50˙000.00

Map

 Project objective

The growing demand for sea food has resulted in the depletion of natural fisheries and it is estimated that 62% of the sea food will come from aquaculture farms by 2030. The profitable operation of aquaculture farms is being hindered by unbalanced and un-predictive fish feed amount, unreliable biomass estimation, fish escape and fish mortality. Fish feed alone represents 50% of the total operating costs of the fish pans and cages. Permanent and accurate estimation of fish size and weight is of significant importance in the fish farming industry for the provision of key data with which feeding, grading and harvesting operations are controlled. Ocean Tools Aquaculture (OTAQ) is an industry leader in providing predator control and acoustic technologies for the aquaculture industry. Our solution is to develop an acoustic based permanent in-cage biomass estimator system (FISHSTIMATOR) that will deal with the problems being faced by aquatic fish farmers. The solution is intended to reduce fish feed waste by 3-5% by giving recommended amount of feed that matches the number of fish and their growth rate. Fish mortality and escape due to predators, anomalies in the cage structure and thieves will be eliminated by close monitoring of the cage environment. FISHSTIMATOR will be sold to farmers at €26’000 per cage and leased for €13’000 per cage. With this pricing model we envisage to clinch to 16% of the global aquaculture monitoring market which is estimated to reach €5.24 billion at a compound annual growth rate of 5.24% by 2020 (3% of €175billion - global aquaculture market) and increase our revenue from €2.5M to €84M by 2022. In Phase 1 we will validate FISHSTIMATOR prototype, develop Intellectual Property strategy, and carry out a market study, search and recruit partner and draft a business plan in a period of 6 months. In Phase 2, we will finalise the design and operability of FISHSTIMATOR allowing us to match the requirements of the targeted customers. The prototype dev

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The information about "FISHTIMATOR" are provided by the European Opendata Portal: CORDIS opendata.

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