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SUBFISH SIGNED

The high-tech offshore and seabed fish farming system the next marine aquaculture generation

Total Cost €

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EC-Contrib. €

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Partnership

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 SUBFISH project word cloud

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

unacceptable    offshore    seas    exploited    marine    x10    roi    hatchery    asian    kept    25    total    dispatch    00m3    grow    x20    aquaculture    diversify    inspiration    fishing    200    meet    commercializing    scaling    stocks    local    2024       farming    safe    placing    2022    intensive    instead    capex    respects    subfish    outbreaks    constrictions    million    waters    90    beside    coastal    tons    53    seafood    valuable    ecosystems    reduce    cumulative    stock    garden    exploitations    norway    relies    moving    grouper    08    feeding    sell    sufficiency    sustainability    rights    boosting    revenues    harsh    environmental    catch    disease    licensing    fished    240    imported    option    overfishing    fish    global    protein    self    habitat    43    keeping    producing    covers    secured    onwards    mitigate    benefits    biological    markets    generate    countries    mainly    demands    seabed    helps    74    farm    2015    12    captures    demand    lower    consumers    wild    near    circumvents    least       jobs    choices    brand    nature    coral    longer    occupying    drugs    20    living    premium    species    sustainable    faced    space    density    found    natural    mortality   

Project "SUBFISH" data sheet

The following table provides information about the project.

Coordinator
MARINE GARDEN AS 

Organization address
address: OVRE VOLLGATE 7
city: OSLO
postcode: 158
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 Norway [NO]
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-08-01   to  2019-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    MARINE GARDEN AS NO (OSLO) coordinator 50˙000.00

Map

 Project objective

53% of the global fish still relies on wild-fishing with the well-known environmental side effects. Aquaculture is the most promising option to mitigate overfishing and meet the increasing demand for protein. Boosting European aquaculture to increase our self-sufficiency (only 25.4% in 2015 mainly based on wild catch, 74.6% was imported) and reduce the fish stocks fished beyond biological sustainability, requires measures such as moving further offshore and farming of new species without placing unacceptable demands on the ecosystems. At Marine Garden AS (Norway) we found inspiration in nature to design SUBFISH: new sustainable offshore aquaculture to deliver wild-like and premium fish. SUBFISH covers from hatchery to dispatch and fish grow in an offshore farm secured to the seabed keeping natural habitat conditions of local fish living and feeding on or near the bottom of seas. Our design respects nature instead of going against it, enables our farm circumvents most harsh constrictions faced by aquaculture today while scaling more than any other (1,200,00m3). SUBFISH stock density is kept x20 lower than current intensive exploitations, with 20% of reduced mortality using 80-90% less drugs to control fish disease outbreaks. All these benefits are achieved without occupying any coastal space and at x10 lower capex. By 2024, we expect to sell at least 12 SUBFISH systems licensing the rights to use our technology and brand across our targeted European countries, beside to sell about 240 tons of Coral Grouper across the European and Asian markets. Producing more of our seafood in European waters means that consumers will have local, safe, and sustainable choices. Moreover, SUBFISH also helps diversify the fish markets with valuable species not exploited yet or that will no longer support wild captures. Thus, by commercializing SUBFISH and its products from 2022 onwards, we will generate €70.6 million of cumulative revenues (ROI 9.08) and a total of 43 new jobs

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

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