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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.

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

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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