November 12, 2009

Agriculture 2.0™ with Aquaculture 2.0™ Track

A special, full-day, Aquaculture track, sponsored by Aquacopia, will highlight investment perspectives and opportunities in seafood farming: production, technologies, services, supply, and marketing.

Wednesday, March 24, 2010
The Four Seasons Hotel in Silicon Valley - Palo Alto, California

Agriculture 2.0 is where the sustainable agriculture industry is being defined, built and funded. By serving as the lynchpin between entrepreneurs working to improve America’s food system and the investors ready to capitalize them, Agriculture 2.0 will help create a path to profitability and scale and accelerate collaboration and growth in the undercapitalized sector.

Agriculture 2.0 Silicon Valley, co-hosted by NewSeed Advisors, US Venture Partners, and SPIN Farming, will bring together hundreds of entrepreneurs, investors, farmers, industry experts, and journalists, all united by the common goal of driving the growth of sustainable agriculture and healthful food systems. The one-day conference will address topics including: What’s happening on the farms? Can traditional venture capital invest in agriculture? What comes after organic? Live demonstrations of new agriculture technology and company presentations will create a dynamic, interactive event. Check back frequently for program and speaker updates.

REGISTRATION: Click here to register for Agriculture 2.0 Silicon Valley.

ACCOMODATIONS: The Four Seasons Silicon Valley is offering a special rate to conference attendees.

  • $189/night (+12% occupancy tax) if booked by February 6, 2010
  • $225/night (+12% occupancy tax) if booked by February 21, 2010

October 20, 2009

About Aquacopia

Aquacopia is the first aquaculture venture capital firm. It is uniquely investing in early-stage entrepreneurs in aquaculture: seafood farms; farming technologies; and supply, service, and marketing that add value at the farm or en route to market. By the close of 2010, the fund will have made start-up and early-stage investments in eight firms, up from five today.

Aquacopia's cleantech investments feature approaches that improve operational performance, productivity, or efficiency while reducing costs, inputs, energy consumption, waste, or pollution. In this arena, cleantech also means cleaner oceans and cleaner food.

As of June 2009, Aquacopia is contemplating (a) facilitating the sale of existing limited partner interests in its first fund at a premium to cost and/or (b) the launch of a second fund. We welcome inquiries by institutions and accredited investors with the potential to invest $100,000 or more. This is not an offer to sell securities.

Aquacopia Capital Management, LLC
28 West 27th Street 2nd Floor
New York NY 10001 USA
info[at]aquacopia.com - email preferred
+1 (212) 202-0885

Blog

The Aquacopia blog follows. There are links on the upper left of this page to corporate information. Also, here: About Aquacopia, Team, Companies, News, and Contact.

Ecologist Profiles Open Blue

Edward Helmore writes about Open Blue in Ecologist, "the world’s leading environmental affairs magazine," "Is this the future of fish farming?"

August 27, 2009

Aquacopia in Forbes

Aquacopia is profiled on pages 48-50 of the June 8, 2009 issue of Forbes, on most newsstands now. "Fishing Expedition: Fish farming should be the next big thing. If so, Aquacopia will reel it in."

Aquacopia & Battelle Produce Seaweed Report

Aquacopia and Battelle are pleased to present the definitive, current literature review and analysis of the feasibility of large-scale, offshore seaweed culture. Through Scribd, below, it can be read (consider toggling full screen) or downloaded (you may have to create a Scribd account).

Abstract Excerpt

The purpose of this study is to provide an initial assessment of the technical and economic feasibility of cultivating seaweed offshore to produce biofuels. This report reviews the seaweed industry and the higher value products that could improve the economic attractiveness of seaweed biofuel production process. We review previous attempts at offshore seaweed culture for biofuels, the technical and economic challenges faced by those projects, and the lessons learned. Progress in offshore seaweed farming technology is also examined.

We propose a concept for offshore seaweed cultivation that positions large seaweed farms in natural nutrient upwelling areas. This concept greatly simplifies prior proposals based on artificial upwelling of deep ocean waters for nutrient supply. We conclude with a technology road map that recommends future activities to move offshore seaweed culture from the present concept and vision to a future commercial reality.

Aquacopia Battelle Seaweed Feasibility Report

June 5, 2009

Kona Blue Says Attack on Kona Kampachi®’s “Good Alternative Ranking” Unwarranted

Aquacopia supports the perspective and science behind the following press release from Kona Blue Water Farms. Disclosure: Aquacopia's David Tze and Kona Blue's Neil Sims are board members of the Ocean Stewards Institute.

KAILUA-KONA, Hawaii - (Business Wire) Kona Blue Water Farms today dismissed as unwarranted the claim by Food and Water Watch and the Kanaka Council Moku O Keawe that the company’s open ocean mariculture farm in Hawaii has caused negative cultural impacts.

The company also expressed support for the extensive peer-review process undertaken by Monterey Bay Aquarium’s Seafood Watch® Program in ranking US-farmed yellowtail (Kona Kampachi®) as a “Good Alternative,” and affirmed the need for objective, rational standards for sustainable seafood.

“This recognition is an important step in addressing the crisis in our oceans,” said company Co-founder and President, Neil Anthony Sims – a marine biologist. “There are monumental ocean management issues, such as over-fishing, that need to be urgently addressed. Yet these lobbyist groups want to subvert all evidence of sustainable solutions, and try to manipulate Hawaiian sovereignty sentiments for their own political agenda. They are now trying to impugn the objectivity of Monterey Bay Aquarium.”

Food and Water Watch, an anti-aquaculture activist organization based in Washington, D.C., and the Kanaka Council are calling for the removal of U.S. farmed yellowtail from the Seafood Watch card, based on their unfounded concerns about cultural impacts, fish feed, and impacts on wild fish populations.

Kona Blue dismissed as untrue claims that the company’s open ocean mariculture farm in Hawaii has caused negative cultural impacts. Sims stated that sensitivity to cultural issues has been a priority for the company since its inception, and that cultural concerns have been repeatedly addressed throughout extensive Environmental Assessments.

“We consulted at length with native Hawaiian ‘kupuna’” (elders), said Sims, “and they determined that there were no significant Hawaiian artifacts in the farm site.”

Sims pointed out that Kona Blue undertakes comprehensive environmental monitoring, and regular water quality and benthic data are made available on its website (www.kona-blue.com). Feeding is also closely monitored by underwater camera to avoid waste, and the company’s current shark management plan has been endorsed by state agencies. “And the fact that the farm serves as a fish aggregate devise is much appreciated by local fishermen,” said Sims.

“The bigger picture here is that overfishing represents a global catastrophe, and we desperately need to find solutions to this crisis,” said Sims. He asserted that responsible open ocean mariculture has 60 times less footprint on ocean resources than targeting wild predators such as tuna and swordfish. “Yet FWW wants to just say ‘No.’ They are not focused on solutions.”

Sims cited a recent FAO report stating that 47% of the world’s seafood supply now comes from aquaculture.

“We must move towards a more sustainable future,” he stressed. “Kona Blue continues to collaborate with responsible environmental groups such as Monterey Bay Aquarium, Ocean Conservancy and the World Wildlife Fund. These organizations also recognize that responsible open ocean mariculture must be part of the solution.”

Kona Blue operates an array of submersible net pens in waters over 200 feet deep, with strong currents over a sand bottom, a half-mile offshore from the Kona coast. The site was carefully selected to minimize potential for environmental impacts, and to avoid conflicts with existing uses or cultural concerns. The company undertook three years of extensive community consultations and outreach before the lease was granted, in 2004. The farm has been in operation since 2005, and produced around 500 tons of sashimi-grade Kona Kampachi® in 2008. Kona Kampachi® is distributed nationally and has received rave reviews, including from the nation’s most discerning seafood chefs.

Kona Blue Water Farms
Kelly Coleman, 808-331-1188, ext.108
kcoleman@kona-blue.com

May 28, 2009

Open Ocean Aquaculture Expands and Diversifies

Today's substantive press release from Aquacopia portfolio company Ocean Farm Technologies is reproduced below.

Searsmont, ME (May 28, 2009) - The deep waters off South Korea and Mexico are now home to two new state of the art, open ocean aquaculture operations. These pioneering projects are made possible by Ocean Farm Technologies (OFT), a Maine based company specializing in the design and production of equipment for open ocean aquaculture. Each installation marks a significant advancement for this promising new technology based around OFT’s specially engineered submersible net pen, the Aquapod™.

Composed of hundreds of individual triangular panels made of recycled polyethylene which are covered with steel wire mesh and joined together to form a geodesic sphere, the Aquapod’s unique structure is designed for use in high-energy, open ocean sites. The recently deployed Aquapods each have a volume of 3,625 cubic meters (957,000 gallons) and a diameter of 20 meters (64 feet).

Both newly installed farms which are owned and operated by separate privately held companies are located several kilometers from shore in waters around 60 meters (197 feet) deep. Relocating fish farms away from protected near shore sites to deep water locations with strong and consistent currents can significantly reduce environmental impacts while simultaneously optimizing growing conditions. Unlike traditional marine aquaculture operations, these new open ocean fish farms avoid near-shore common use conflicts, but being exposed to harsh open ocean conditions creates new challenges. The unique design of the Aquapod prevents both weather and predator related escapes. Submerging Aquapods to deep, calm waters protects them from hurricanes and typhoons which can destroy traditional floating net pens. Sharks, sea lions, seals and other predators also can breach conventional nets causing catastrophic crop loss and escapement but are thwarted by the steel wire mesh surrounding an Aquapod.

Okwang Fisheries Union in South Korea and Pesquera Delly in Sonora, Mexico both have long-established roots in traditional fisheries. They represent a growing number of successful fishing companies that are actively pursuing sustainable open ocean aquaculture as the solution to the declining supply of wild fish and a steadily increasing demand for seafood. Okwang will raise Pacific cod in the deep, cold waters off Korea, while Pesquera Delly is pioneering shrimp culture in the Sea of Cortez. These companies represent the forefront of marine aquaculture development in their countries. OFT anticipates expansion in these progressive companies and the emergence of additional open ocean aquaculture operations in both of these regions. Pesquera Delly has already placed an order for two more Aquapods which will be delivered to Mexico later this summer.

Founded in 2005, Ocean Farm Technologies has deployed Aquapod net pens of various sizes in Puerto Rico, Panama, New Hampshire, Massachusetts and Maine.

Contact: Chris Stock
Ph: (703) 303-2900
Email: cstock@oceanfarmtech.com

May 25, 2009

FAO Aquaculture Statistics

The UN's Food and Agriculture Organization issued its periodic report on fisheries. Aquaculture production totaled 51.6 million tonnes in 2008, which represents an increase of 2.5 per cent with respect to the previous period. Wild capture fisheries were level at 90 million tonnes. Seafood consumption per capita remained essentially unchanged at 16.9 kg: 8.5 kg from capture fisheries and 8.4 kg from aquaculture. As measured by imports, global seafood trade surpassed the $100 billion mark for the first time ever.

May 13, 2009

Deep-water Mussel Tech Funded

The Telegram reported that Canadian federal Fisheries Minister Gail Shea and Tom Hedderson, provincial Minister of Fisheries and Aquaculture, announced that a deep-water mussel technology project was funded CAN$266,604.

This early commercialization phase by Norlantic Processors Ltd. of Winterton will enable submerged mussel aquaculture in areas exposed to Arctic ice.

Shea stated that the Canadian federal government has committed $23.5 million over the next five years in the Aquaculture Innovation and Market Access Program (AIMAP) to support the development of the aquaculture industry.

Hedderson said, “The development of open-water sites will allow the industry to grow beyond its current levels of production, giving the industry the ability to expand into new markets.”

[image shown is a design by the University of New Hampshire's Open Ocean Aquaculture project]

 
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