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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.

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

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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