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US - AquiNovo raises $1.5m from Neovia

AquiNovo Ltd., a portfolio company of The Trendlines Group, announced that it signed an agreement with Neovia for an aggregate investment of $1.5 million. AquiNovo\'s offers a non-genetically modified, non-hormonal, easy-to-use solution that may be incorporated into fish feed to offer hatcheries and fish farms a shorter time to market and additional growth cycles within their existing infrastructure.

December 1, 2017

AquiNovo Ltd., a portfolio company of The Trendlines Group, announced that it signed an agreement with Neovia for an aggregate investment of $1.5 million.

Due to a high feed conversion rate, aquaculture is an effective system for protein production, in particular in emerging markets with limited purchasing power, the announcement said.

The aquaculture industry today needs sustainable solutions that provide higher yields with lower production costs and reduced exposure to risks associated with longer growth periods. Bearing this in mind, Neovia has defined \"intensive aquaculture\" as one of its five global priority innovation fields and has implemented a holistic approach in innovative solutions for aquaculture.

Similarly, AquiNovo\'s technology addresses this challenge by developing solutions to improve farmed fish development. The company offers a non-genetically modified, non-hormonal, easy-to-use solution that may be incorporated into fish feed to offer hatcheries and fish farms a shorter time to market and additional growth cycles within their existing infrastructure.

Source: Feedstuffs // Original Article 

 

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