Periodic Reporting for period 1 - OpenOceanFC (The Open Ocean Fish Cage)
Reporting period: 2017-09-01 to 2018-02-28
This feasability study has plannet marketability and a pilot for our solution. This is done through four tasks, and a summary:
1) Planning construction of the fish cage.
2) Planning operation of the cish cage
3) IPR strategy
4) Market, competitors and pricing.
5) Summary and conclusions of business plan.
Have done high-level calculations for construction of a pilot in cooperation with subcontractors. This include both the concrete elements, the fish net and operations.
2) Planning operation of the fish cage.
We got a cooperation with a fish farmer, and have been in Close dialogue with the government about a license to operate (and are in the final stages). The subtask we specified on metocean data was done by the Fish farmer we cooperate With.
3) IPR strategy
We made a report on several new areas to patent. So far we have to approved patents.
4) Market, competitors and pricing.
ROI was calculated, and we did a marketing strategy of our product.
5) Summary and conclusions of business plan.
Our summary concluded that we need some more time before we start a phase 2 pilot, as we need to wait for a government License and further financial committment from the fish farmer.