Hatch accelerator program unveils selected startups
Susewi, producers of microalgae to be used in aquafeeds, and Exciplex, developers of innovative technology for mycotoxin detection, are two of the startups selected for the fourth cohort of the accelerator program.
The Hatch aquaculture accelerator program launched its fourth program with eight new startups.
The companies are:
- Blue Lion Labs is developing machine learning and AI software to detect harmful algal species and sea lice larvae in the ocean.
- ANB Sensors produces calibration-free pH sensors.
- CFEED produces high-quality copepod eggs and live copepods as starter feed for marine hatcheries.
- Sea Warden provides remote auditing and data analytics solutions to reduce the complexity of farm certification.
- The Plant-Based Seafood Company produces plant-based shrimp.
- Exciplex developed innovative technology for mycotoxin detection.
- Smart Oysters developed a farm management software system for oyster farms.
- Susewi developed a natural production system to grow microalgae in the desert to be used in aquafeeds.
Each of the eight startups will be given $75,000 in cash and $55,000 in in-kind services, the bulk of the latter taking place in an intensive 16-week accelerator program. While this normally takes place in Hatch’s offices in Bergen, Singapore and Hawaii, this year, due to the COVID-19 pandemic, it will take place via webinars and remote mentoring sessions from some of the leading figures in aquaculture and business, including Einar Wathne, former CEO of EWOS, Øyvind Fylling-Jensen, CEO of Nofima, and US-based sustainable aquaculture champion, Jennifer Bushman.
After almost three years in operation, Hatch has invested in 38 companies, run three successful cohorts and raised its first $8 million in funds.