HomePress ReleaseEIN PresswireIrish aquatech firms visit SE Asia

Irish aquatech firms visit SE Asia

(L to R) John Cullen, CEO of Auranta; Damien Toner, growth and innovation government at BIM; John Kingston, enterprise growth supervisor at Wetherbys Scientific; Wayne Murphy, co-founder and managing companion of Hatch; Seamus Callanan, enterprise develop

The delegation had been proven across the floating Eco-Ark farm in Singapore by ACE CEO Leow Ban Tat (second from proper) © Hatch Blue

Callanan speaking to farm managers at an 80-hectare R&D shrimp farm in Sumatra, Indonesia © Hatch Blue

The cohort of Irish aquatech corporations visited Singapore and Indonesia to be taught in regards to the aquaculture business and discover enterprise alternatives in SE Asia.

COUNTY KERRY, IRELAND, July 11, 2023/ — Organised by Hatch Blue together with Bord Iascaigh Mhara (BIM), the visit supplied a chance for the Irish corporations to see first-hand the size of the aquaculture business in South East Asia and the alternatives for important enterprise growth.

The week-long visit commenced with an introductory session involving Her Excellency Sarah McGrath, the Irish ambassador to Singapore, Enterprise Eire and Enterprise Singapore. The delegation then hung out visiting the Singapore Meals Company’s Marine Aquaculture Centre on St John’s Island and the Aquaculture Centre of Excellence (ACE) Eco-Ark farm, the place fish are raised in an revolutionary floating closed containment system in waters off the Singaporean coast. The cohort then headed to Sumatra in Indonesia, the place World Gen facilitated two days of studying about shrimp farming – from hatchery, broodstock administration, and genetics, illness and manufacturing challenges to water administration and high quality, feed and harvesting – earlier than the remainder of the worth chain was noticed with a visit to a feedmill and a 80-hectare R&D shrimp farm.

The visit rounded off again in Singapore with a collection of conferences with main business stakeholders from Southeast Asia’s aquaculture sector, earlier than culminating in a panel dialogue and networking alternative with an viewers of native startups, business buyers, researchers, and authorities help companies from the Singaporean aquaculture ecosystem.

Talking after the visit Niall O’Rahelly, Hatch’s aquaculture neighborhood supervisor for Eire, mirrored on the group’s visit to Sumatra to see all phases of the shrimp farming business in motion. “It actually introduced residence to me that despite the fact that this tropical atmosphere and species is so totally different to something we domesticate in Eire, the Indonesian shrimp farmers face comparable issues, equivalent to a necessity for water high quality administration, improved feed applied sciences, sensors and analytic {hardware}, and Irish aquatech corporations are in a extremely good place to assist deal with these points.”

BIM’s growth and innovation government Damien Toner, who joined the visit to Singapore and Indonesia, expressed his delight on the potential enterprise alternatives the journey supplied for the Irish corporations. “Partnering with Hatch has allowed our consumer corporations unprecedented entry to world companions, which we’re assured will result in important exports. Cooperating intently with our colleagues in Enterprise Eire and Údarás na Gaeltachta, we’re excited to see how the enterprise relationships that commenced on this commerce visit will develop within the coming years.”

The 4 Irish corporations invited on the visit by Hatch and BIM had been:

Aquamonitrix – suppliers of real-time water sensors for nitrate and nitrite measurements in recent, saline and effluent water.

Auranta – a biotech firm growing cutting-edge feed applied sciences that maintain the intestine well being of animals resulting in improved common well being.

Celtic Sea Minerals – an animal vitamin firm that makes use of marine minerals derived from crimson seaweed (Lithothamnium calcareum)

Weatherbys Scientific – a famend laboratory that provides DNA testing and genomic companies and makes use of agri genomics to drive sustainable productiveness, well being and illness advantages in animals.

Reflecting on the journey, Seamus Callanan, enterprise growth supervisor at Celtic Sea Minerals, acknowledged: “The [Irish aquatech] business will develop via a combination of private and non-private collaboration and I acquired the sensation in Singapore there’s a sense of route and a aim that every one lively members are aiming to realize, which was inspiring to see first-hand.”

John Kingston, enterprise growth supervisor at Weatherbys Scientific, added: “To know how our firm can present options, we should first perceive the challenges, and aquaculture in Southeast Asia has many challenges, so there is no higher place to be if you wish to make a distinction.”

Wayne Murphy, co-founder and managing companion of Hatch, mentioned: “Apparently, the 4 Irish corporations that joined this delegation have been offering tech options in numerous sectors for a few years, however none of them have a background in aquaculture – but all of them have functions that might be of worth to the worldwide aquaculture business. It is a rising pattern as extra mature corporations search new markets for his or her merchandise.”

Murphy expressed how helpful it was for the Irish corporations to interact with people and corporations from the colourful aquaculture ecosystem in Singapore, together with graduates from the Hatch Singapore Innovation Studio. He added: “A type of alumni corporations, TeOra, lately received the $1 million first prize at The Liveability Problem 2023, with one other firm – additionally a graduate from Hatch’s Innovation Studios programme – reaching the ultimate eight chosen for the prize.”

Hatch’s Innovation Studios identifies and assists high quality corporations to attach and develop their data, community and investor readiness. “Apparently 50 % of this 12 months’s accelerator programme individuals are graduates from our world Innovation Studios,” defined Murphy. “We predict this 12 months’s BIM Aquatech Innovation Studio to draw some high quality candidates who’re eager to develop their companies and desperate to discover alternatives in world aquaculture.”

Purposes for the fifth version of the BIM Aquatech Innovation Studio – which is open to rising Irish and European corporations and takes place in Co Kerry between 9-20 October 2023 – shut on 17 July 2023. Apply right here now.

Niall O’Rahelly
Hatch Blue
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