Tag Archives: Cuna Del Mar

Why backers say Ocean Supercluster will sail off with innovation bucks

It’s deadline day for Atlantic Canada’s lone bid in the federal government competition for $950 million in innovation funding. Some of the biggest players in the region’s ocean economy have joined forces to come up with the Ocean Supercluster proposal, which aims to find solutions to problems extracting resources from the ocean.,,, Four core investors are committing $15 million each as part of the Ocean Supercluster: Emera, Clearwater Seafoods, Petroleum Research Newfoundland and Labrador — which is made up of the five oil companies operating offshore Newfoundland and Labrador — and Cuna del Mar, an open ocean aquaculture promoter. click here to read the story 08:59

InnovaSea Systems Inc. has raised $15 million for farming fish in the open ocean

Boston-based InnovaSea Systems Inc. has raised $15 million to develop an all-in-one system for farming fish in the open ocean, an approach that the company and its partners say is vital to a sustainable future for the seafood industry. InnovaSea was formed in 2015 from the merger of Maine’s Ocean Farm Technologies Inc. and another company out of Seattle, Washington. Both companies made large underwater pens to contain fish while they grow big enough to harvest for food. The new funding comes from Cuna Del Mar, an investment firm focused on open-ocean aquaculture. Cuna Del Mar formed InnovaSea after buying a stake in each of its predecessor companies. continue reading the article here 13:28 (you may need to register, easy enough)