Aquaculture is the fastest growing food-producing sector in the world and is an increasingly important contributor to global food supply, food security and economic growth. The growing demand for seafood has resulted in the depletion of natural fisheries and it is estimated that 62% of seafood will come from aquaculture by 2030.
There is more of a growing need for protein from fish food mainly due to the large increase in world
population, which generates the need for increased marine fish farming aquaculture and trends show that an increase of more than 100% of marine fish production is to be expected by 2030 in EU. Traditional inshore and sheltered areas are already being overpopulated with aquaculture, tourism, harbors and other facilities, which poses great environmental issues and for this reasons aquaculture has been pushed offshore and in unsheltered areas.
Major challenges in the development of aquaculture include: the lack of space and Saturation of available inshore sheltered areas for fish farming, there is serious pollution of coastal areas, unsustainable fish feeding, fish escapes, which affect the local wild life.
This is a summary report of the Feasibility study carried by REFA MED for the SUBCAGE project. Phase 1 of the SUBCAGE project focused on 6 main objectives:
1.To perform a detailed risk and critical path analysis over 5 months to assess, qualify and quantify any technical, financial or commercial risks that could affect our exploitation of the SubCage system.
2.To assess and quantify over a period of 5 months the primary market and determine how best SubCage can offer relevant solutions, initially targeting fish farmers in Europe, the Mediterranean and the globe.
3.To expand our network to make sure that all conceivable user needs are met. (The Tension Leg Cage solution is currently being used in about 17 fish farms (80 cages) in the Mediterranean).
4.To refine our IPR Strategy and seek external advice on the most appropriate IPR route we should target and whether to target patent applications outside Europe considering that we have an internationalization focus.
5.To validate over a period of 4 months the applicability of the SubCage prototype and validate its fitness for the purpose by engaging an industry recognized, independent test house.
6.To develop a comprehensive business plan and feasibility study report with the commercialization strategy and 5 year growth projections.